Stocks advance after Wall Street ended mixed again - 13.5.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar is steady
US stock indexes futures are higher currently
Brent is retracing up currently.
Gold prices are retreating currently

Top daily news

Global equity indexes are rising mostly currently after US stocks ended mixed again on Friday following a weak University of Michigan consumer sentiment report. Apple stock slid 0.69% underperforming market, Nvidia stock rose 1.27% on Friday amid rising chipmaker shares following strong April sales report by Taiwan Semiconductor.

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Forex news

Currency Pair	Change
EUR USD	+0.2%
GBP USD	-0.1%
USD JPY	+0.1%
AUD USD	-0.2%

The Dollar is steady 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 0.04% higher on Friday.

GBP/USD ended little changed while EUR/USD reversed its climbing on Friday. Pound is lower against the Dollar currently while euro is higher. USD/JPY resumed its climbing while AUD/USD reversed its advancing on Friday with the yen lower against the Greenback currently and the Australian dollar lower still.

Stock Market news

Indices	Change
Dow Jones Index	+0.1%
Nikkei Index	-0.3%
Hang Seng Index	+0.8%
Australian Stock Index	+0.2%

US stock indexes futures are higher currently after ending mixed on Friday. The three main US stock benchmarks recorded daily returns in the range from -0.03% to 0.3% after the University of Michigan report showed consumer sentiment index tumbled 13 per cent in April to its lowest level since November.

European stock futures are up today after closing higher on Friday led by basic resources shares. Asian stock indexes futures are mostly rising today with Nikkei defying the trend as Bank of Japan cut the amount of Japanese government bonds it offered to buy in a regular operation, causing bond yields to rise.

Commodity Market news

Commodities	Change
Brent Crude Oil	+0.1%
WTI Crude	+0.1%

Brent is retracing up currently. Prices ended lower on Friday while energy services firm Baker Hughes reported the total count of active US oil rigs was cut the third week in a row to the lowest since November. US West Texas Intermediate WTI fell 1.3% but is higher currently. Brent lost 1.3% to $82.79 a barrel on Friday. For the week, Brent declined 0.2% while WTI added 0.2%.