Equities mixed after mixed US jobs data - 9.12.2024

The Dollar continues strengthening 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% higher on Friday.

Both EUR/USD and GBP/USD reversed their climbing on Friday while federal statistics agency Destatis reported German industrial production decline continued in October. Euro is lower still against the Dollar currently while Pound is higher. USD/JPY slowed its sliding while AUD/USD reversed its climbing on Friday with the yen lower against the Greenback currently and Australian dollar higher.

US stock indexes futures are mixed currently after ending mixed on Friday as US jobs report came in mixed. The three main US stock benchmarks recorded daily returns in the range from -0.28% to 0.81% with SP 500 and Dow Jones Industrial Average notching record closing highs as payrolls data showed job growth surged in November while the unemployment rate ticked up to 4.2%.

European stock futures are up currently after closing higher on Friday led by luxury shares. Asian stock indexes futures are mixed today with Hong Kong’s Hang Seng index leading gains while consumer price index data showed Chinese inflation fell more than expected in November.

Brent is retracing up currently after the fall of Syrian President Bashar al-Assad's regime. Prices extended losses by more than 1% on Friday while the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026. US West Texas Intermediate WTI lost 1.6% but is higher currently. Brent slid 1.4% to $71.12 a barrel on Friday. For the week, the Brent lost 2.5% while WTI declined 1.2%.