Markets mixed ahead of US inflation report - 12.2.2025

Senior Analytical Expert

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Todays’ Market Summary

The Dollar weakening has halted
Futures on three main US stock indexes are down
Brent is edging lower currently.
Gold prices are retreating currently

Top daily news

Global equity indexes are trading in different directions currently ahead of January US inflation report and Fed chair Powell’s testimony due at 14:30 CET and 16:00 CET respectively after Wall Street ended mixed on Tuesday. Apple shares rose 2.2% outperforming market after reports the iPhone maker is partnering with Alibaba to develop and roll out artificial intelligence features for iPhone users in China, Nvidia shares slid 0.58% on Tuesday.

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Forex news

Currency Pair	Change
EUR USD	-0.1%
GBP USD	-0.1%
USD JPY	+0.5%
AUD USD	-0.3%

The Dollar weakening has halted today. 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 0.4% lower on Tuesday.

GBP/USD joined EUR/USD’s slowed advancing yesterday. Both Pound and euro are little changed against the dollar currently. USD/JPY accelerated its advancing while AUD/USD slowed its climbing on Tuesday with both the yen and Australian dollar lower against the Greenback currently.

Stock Market news

Indices	Change
Dow Jones Index	-0.1%
Nikkei Index	-0.2%
Hang Seng Index	+1.8%
Australian Stock Index	+0.8%

Futures on three main US stock indexes are down currently with the yield on benchmark 10-year US notes up at 4.541%. Stock indexes ended mixed on Tuesday after Federal Reserve Chair Jerome Powell said the central bank was in no rush to cut its short-term interest rate again given the economy is “strong overall”, with low unemployment and inflation still above the Fed’s 2 per cent target. The three main benchmarks recorded daily returns in the range from -0.36% to 0.28%.

European stock indexes are higher currently after closing up on Tuesday as European Commission President Ursula von der Leyen said European Union planned to retaliate against the United States for new “unjustified” steel and aluminum tariffs. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading gains as Chinese tech and electric vehicle stocks surged amid AI hype around domestic AI breakthroughs from DeepSeek.

Commodity Market news

Commodities	Change
Brent Crude Oil	-0.1%
WTI Crude	-0.2%

Brent is edging lower currently. Prices extended gains yesterday as US sanctions targeting tankers, producers and insurers have significantly disrupted shipments of Russian oil to leading importers China and India. The US oil benchmark West Texas Intermediate (WTI) rose 1.4% but is lower currently. Brent gained 1.5% to $77.00 a barrel on Tuesday.