Markets subdued after hotter than expected US inflation - 10.11 日

The Dollar strengthening has resumed 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 0.04% lower on Thursday.

Both EUR/USD and GBP/USD slowed their sliding yesterday while the German government forecast Germany's economy is on track to shrink for a second year in 2024. Both euro and Pound are steady against the dollar currently. USD/JPY reversed its advancing while AUD/USD reversed its sliding on Thursday with both the yen and Australian dollar lower against the Greenback currently.

US stock index futures are down currently with the yield on benchmark 10-year Treasury notes down at 4.065%. The three main stock benchmarks ended marginally lower on Thursday recording daily losses in a range from -0.2% to -0.05% as inflation for September came in higher than expected while weekly applications for US unemployment benefits rose.

European indexes futures are falling today after stock indexes closed down on Thursday. Asian stock indexes futures are retreating today with Japan’s Nikkei leading losses as Hong Kong markets were closed for a holiday.

Brent is inching down currently. Prices ended over 3% higher on Thursday on a rise in US fuel use before Hurricane Milton’s landfall in Florida. West Texas Intermediate (WTI) futures rose 3.6% but are lower currently. Brent futures gained 3.7% to $79.40 a barrel on Thursday.