Markets mixed after US stocks’ retreat - 10.16 日

The Dollar strengthening has resumed 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 little changed on Tuesday.

EUR/USD slowed its retreating while GBP/USD reversed its sliding yesterday as euro zone annual headline inflation on an EU-harmonized basis was revised down. Both Pound and euro are lower against the dollar currently. USD/JPY joined AUD/USD’s accelerated retreating on Tuesday with both the yen and Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are mixed currently ahead of import prices report at 16:30 CET with the yield on benchmark 10-year US notes down at 4.036%. Stock indexes ended down on Tuesday as three main stock benchmarks recorded daily losses in a range from -1.0% to -0.75% led by chipmaker shares after Dutch tech giant ASML reported disappointing slump in sales bookings of its chip-making machines to the semiconductor industry and announced a cut to its 2025 guidance.

European stock indexes are mixed currently after closing mixed on Tuesday with oil and gas shares leading losses. Asian indexes futures are mostly higher today with Hong Kong’s Hang Seng index leading gains.

Brent is extending losses currently. Prices ended sharply lower yesterday on weaker demand outlook as both the Organization of the Petroleum Exporting Countries and the International Energy Agency this week cut their forecasts for global oil demand growth in 2024. The US oil benchmark West Texas Intermediate (WTI) dropped 4.4% and is lower currently. Brent slumped 4.1% to $74.25 a barrel on Tuesday.