Stocks down after Wall Street selloff resumed - 21.3.2025

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening is intact
US stock index futures are down
Brent is steady currently.
Gold is edging down presently.

Top daily news

Global stocks are mostly down currently ahead of Federal Reserve Bank of New York President John Williams speech at 14:05 CET today after US stocks retreating resumed on Thursday. Alphabet shares slid 0.7% with Google's parent company remaining in officially bear market territory as shares are down more than 20% from their February all-time high, Meta shares added 0.33% outperforming market on Thursday while the social network giant shares became the last of the “Magnificent Seven” stocks to lose year-to-date gains this week.

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Forex news

Currency Pair	Change
EUR USD	-0.1%
GBP USD	-0.2%
USD JPY	+0.4%
AUD USD	-0.2%

The Dollar strengthening is intact 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, rose 0.3% on Thursday.

GBP/USD joined EUR/USD’s accelerated sliding yesterday as the Bank of England held its key interest rate at 4.5%. Both euro and Pound are lower against the dollar currently. USD/JPY reversed its retreating while AUD/USD accelerated its sliding on Thursday with both the yen and Australian dollar lower against the Greenback currently.

Stock Market news

Indices	Change
Dow Jones Index	-0.4%
Nikkei Index	-0.4%
Hang Seng Index	-1.9%
Australian Stock Index	-0.6%

US stock index futures are down currently with the yield on benchmark 10-year Treasury notes up at 4.25%. The three main stock benchmarks ended lower on Thursday recording daily losses in a range from -0.3% to -0.03% while the Department of Labor reported weekly jobless claims rose but were below forecast.

European indexes futures are lower today after stock indexes closed down on Thursday while Swiss National Bank made a quarter-point interest rate cut whereas Sweden’s Riksbank held rates steady. Asian stock indexes futures are mostly retreating today with Hong Kong’s Hang Seng leading losses while Japanese consumer price index inflation data came in slightly higher than expected for February.

Commodity Market news

Commodities	Change
Brent Crude Oil	-0.03%
WTI Crude	-0.04%

Brent is steady currently. Prices ended $1 higher on Thursday as the US issued new Iran-related sanctions targeting entities that include for the first time a Chinese "teapot", or independent refinery, and vessels that supplied crude oil to such processing plants. West Texas Intermediate (WTI) futures rose 1.7% but are little changed currently. Brent futures added 1.7% to $72 a barrel on Thursday.