Equities rally intact after Dow posts new record - 7.5.2021

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, lost 0.4% Thursday despite US Labor Department report 498 thousand Americans sought unemployment benefits over the last week, down from 590 thousand the previous week.

EUR/USD reversed its sliding Thursday while GBP/USD reversed its climbing after strong German factory orders report while the Bank of England stood pat on monetary policy. Both euro and Pound are on the rise against the Dollar currently. AUD/USD continued its climbing while USD/JPY continued its sliding yesterday with both yen and Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are up currently ahead of Bureau of Labor Statistics non-farm payrolls report at 14:30 CET today after a bullish session yesterday on upbeat weekly jobless claims report. The three main US stock benchmarks recorded daily gains in the range of 0.4% to 0.9% while shares of vaccine makers dipped after President Biden backed plans to waive patents on COVID-19 vaccines.

European stock indexes are rising today after closing mixed Thursday with travel and leisure shares leading losses while Bank of England upgraded its 2021 growth outlook for the world’s fifth-largest economy to 7.25%, slightly above analyst expectations. Asian indexes are mostly up today with Shanghai Composite leading losses despite reports China's exports, imports grew faster in April.