Markets mixed after US inflation uptick - 14.11.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening continues
The US stock index futures are mixed currently
Brent is little changed presently.
Gold prices are retreating

Top daily news

Global equity indexes are pointing mostly lower currently ahead of US Producer prices and unemployment claims report today at 17:30 CET after Wall Street ended mixed on Wednesday. Amazon shares jumped 2.48% outperforming market while the tech giant launched the Amazon Haul - a discount focused e-commerce service - in a beta test mode on the Amazon mobile app, an answer from the company to the rapid rise of PDD Holdings' Temu, Alphabet shares lost 1.54% on Wednesday.

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Forex news

Coppia di Valute	Cambiamento
EUR USD	-0.1%
GBP USD	-0.1%
USD JPY	+0.1%
AUD/USD	-0.2%

The Dollar strengthening continues 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, gained 0.5% on Wednesday.

Both EUR/USD and GBP/USD continued their retreating yesterday. Both Pound and euro are lower against the dollar currently. USD/JPY retained its climbing while AUD/USD continued sliding on Wednesday with both the yen and the Australian dollar lower against the Greenback currently.

Stock Market news

Indici	Cambiamento
Dow Jones	+0.1%
Nikkei 225	-0.6%
Hang Seng	-0.9%
Indice Azionario Australiano	+0.3%

The US stock index futures are mixed currently ahead of unemployment claims and producer prices data at 17:30 CET today. US stocks closed mixed on Wednesday with the three main US stock benchmarks recording daily returns in a range from -0.26% to 0.1% as the Consumer Price Index (CPI) rose in October in line with market expectations with treasury yields rise buoying dollar to one year high.

European stock indexes futures are mixed currently after closing lower on Wednesday with tech shares leading losses. Asian stock indexes futures are mixed currently with Hong Kong’s Hang Seng Index leading losses.

Commodity Market news

Materie Prime	Cambiamento
Petrolio Brent	+0.1%
Petrolio WTI	+0.1%

Brent is little changed presently. Prices ended higher on short-covering as they fell near a two-week low yesterday. The Energy Information Administration (EIA) will release its US inventory data at 19:30 CET today. The US oil benchmark West Texas Intermediate (WTI) futures added 0.5% and is little changed currently. Brent crude gained 0.5% to $72.28 a barrel on Wednesday.