Stocks advance ahead of US inflation report - 12.12.2023

The Dollar strengthening has halted 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 0.1% higher on Monday.

Both GBP/USD and EUR/USD reversed their sliding. Both Pound and euro are higher against the dollar currently. USD/JPY accelerated its advancing while AUD/USD slowed its sliding yesterday with both the yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury down at 4.214%. US markets closed higher on Monday with the three main stock benchmarks recording daily gains in the range from 0.2% to 0.4% ahead of Consumer Price Index (CPI) data due at 14:30 CET today, which is expected to show headline inflation remained unchanged in November.

European stock indexes futures are rising currently after closing up on Monday led by media shares. Asian indexes futures are mostly advancing today with Hong Kong’s Hang Seng index leading gains buoyed by property stocks amid hopes of more government support for the depressed real estate developers.

Brent is edging up currently. Prices inched up on Monday. US West Texas Intermediate WTI added 0.1% and is higher currently. Brent gained 0.3% to $76.03 a barrel on Monday.