Stocks retreat after Wall Street selloff deepened - 3.31 日

The Dollar weakening is intact presently. 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 0.3% lower on Friday.

GBP/USD reversed its advancing while EUR/USD slowed its climbing on Friday while inflation data from Spain and France came in lower than expected. Both euro and Pound are higher against the Dollar currently. Both USD/JPY and AUD/USD reversed their climbing on Friday with the Australian dollar lower against the Greenback currently and the yen higher still.

US stock indexes futures are down currently as the selloff deepened on Friday. US stocks ended sharply lower with the three main stock benchmarks recording daily losses in the range from -2.7% to -1.7% led by technology shares as the Bureau of Economic Analysis reported the personal consumption expenditures (PCE) price index excluding volatile food and energy costs rose more than anticipated in February from January.

European stock futures are retreating currently after closing lower on Friday led by travel shares. Asian stock indexes futures are rising today with Japan’s Nikkei leading losses amid stronger than expected Japanese industrial production data and a weaker than expected retail sales reading.

Brent is rebounding currently after president Trump threatened Iran on Sunday with bombing and secondary tariffs if Tehran did not come to an agreement with Washington over its nuclear program. Prices ended lower on Friday. US West Texas Intermediate WTI lost 0.8% but is higher currently. Brent slid 0.5% to $73.63 a barrel on Friday. On a weekly basis, Brent futures gained 1.9%, while WTI rose 1.6%.