Stocks mixed ahead of nonfarm payrolls report - 7.3.2025

The Dollar weakening 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, slid 0.1% on Thursday.

GBP/USD and EUR/USD ended marginally lower yesterday as the European Central Bank cut interest rates by 25 basis points saying monetary policy was becoming “meaningfully less restrictive.” Both euro and Pound are higher against the dollar currently. USD/JPY continued its sliding Thursday while AUD/USD ended flat with the yen higher still against the Greenback currently and Australian dollar lower.

US stock index futures are up currently with the yield on benchmark 10-year Treasury notes down at 4.255%. The three main stock benchmarks ended solidly lower on Thursday recording daily losses in a range from -2.6% to -1.0%  despite Department of Labor report weekly jobless claims declined and were below forecast.

European indexes futures are mixed today after stock indexes closed mixed yesterday with auto shares leading gains. Asian stock indexes futures are mixed today with Australia’s All Ordinaries index leading losses weighed by losses in the real estate, IT and financials sectors shares.

Brent is retracing higher currently. Prices ended marginally lower on Thursday. West Texas Intermediate (WTI) futures slipped 0.1% but are higher currently. Brent futures slid 0.2% to $69.46 a barrel on Thursday.