Equities mixed after Wall Street rebound - 8.27 日

The Dollar strengthening has resumed currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended 0.3% lower on Tuesday.

Both EUR/USD and GBP/USD reversed their sliding yesterday. Both Pound and euro are lower against the dollar currently. USD/JPY reversed its climbing while AUD/USD reversed its sliding on Tuesday with both the yen and the Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are up currently ahead of Federal Reserve Open Market Committee member Barkin’s speech. Stock indexes closed higher on Tuesday recording daily gains in the range from 0.3% to 0.44% with tech companies leading advancers amid reports Fed governor Lisa Cook’s lawyer has said that they will be filing a lawsuit to challenge president Trump’s “illegal action” of ousting the governor from the central bank’s board while Lisa Cook said the president had “no authority” to fire her.

European stock indexes futures are mixed currently after closing lower on Tuesday while France’s three main opposition parties said they would not back a surprise confidence vote called by Prime Minister Francois Bayrou on Monday over his plan for 44 billion euros ($51 billion) in budget cuts to reduce the French deficit, which totaled 5.8% of GDP in 2024, his proposals including freezing welfare spending, pensions and tax brackets. Asian indexes futures are retreating today with Hong Kong’s Hang Seng index leading losses while Australia’s consumer price index data showed inflation in July was substantially higher than expected.

Brent is edging lower currently as president Trump’s 50% tariffs against India took effect today. Prices fell 2% yesterday amid reports US and Russian government officials discussed several energy deals on the sidelines of this month’s negotiations to seek peace in Ukraine. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) fell 2.4% and is lower currently. Brent lost 2.3% to $67.22 a barrel on Tuesday.