Stocks mixed ahead of Trump inauguration - 20.1.2025

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening has reversed
US stock indexes futures are up currently
Brent is inching lower currently.
Gold prices are edging up currently

Top daily news

Global equity indexes are pointing in different directions currently after US stocks advanced on Friday. Intel shares rallied 9.2% outperforming market amid reports an unidentified firm is “trying to acquire Intel, whole,” Microsoft stock rose 1.05% on Friday as Cantor Fitzgerald initiated coverage on Microsoft stock with an Overweight rating and a price target of $509, roughly 20% above the last closing price.

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Forex news

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

The Dollar strengthening has reversed 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 0.4% higher on Friday.

Both GBP/USD and EUR/USD retreated on Friday while data showed UK retail sales fell 0.3% in December on a monthly basis. Both euro and Pound are higher against the Dollar currently. USD/JPY joined AUD/USD’s continued sliding on Friday with both the yen and Australian dollar higher against the Greenback currently.

Stock Market news

Indices	Change
Dow Jones Index	+0.1%
Nikkei Index	+0.3%
Hang Seng Index	+0.6%
Australian Stock Index	+03%

US stock indexes futures are up currently after resuming advancing on Friday as Census Bureau data indicated above expected building permits for January. The three main US stock benchmarks recorded daily gains in the range from 0.8% to 1.5% on the last trading day before President-elect Donald Trump takes office. Trump has pledged to boost the US economy by cutting red tape and taxes, and boost US domestic energy production.

European stock futures are mixed currently after closing up on Friday led by mining shares. Asian stock indexes futures are rising today with Hong Kong’s Hang Seng index leading gains after Trump did not make any mention of his plans for trade tariffs during a victory rally in Washington on Sunday.

Commodity Market news

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

Brent is inching lower currently. Prices retraced lower on Friday on the back of expectations of a halt in attacks by Yemen's Houthi militia on ships in the Red Sea following a Gaza ceasefire deal. US West Texas Intermediate WTI fell 1% and is lower currently. Brent lost 0.6% to $80.79 a barrel on Friday. For the week Brent gained 1.3% and WTI rose 1.7%.

Gold Market News

Metals	Change
XAUUSD	+0.1%

Gold prices are edging up currently . Prices reversed their climbing on Friday after rising for three sessions in a row : spot gold lost 0.43% to $2703.15 an ounce.