Markets rebound as Wall Street ends down after mixed data - 17.9.2021

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, gained 0.5% Thursday despite the US Labor Department report 332 thousand Americans sought unemployment benefits over the last week, up from 310 thousand the previous week.

Both GBP/USD and EUR/USD reversed their climbing Thursday as the Eurostat reported smaller than expected euro zone trade surplus for July. Both pairs are higher currently. USD/JPY reversed its sliding yesterday while AUD/USD reversed its climbing with yen lower against the Greenback currently while the Australian dollar is higher.

Futures on three main US stock indexes are up currently with US 10-year Treasury note yields inching up to 1.333%. The three main US stock benchmarks ended mixed Thursday as retail sales rebounded when another decline was expected while initial jobless claims for last week were above forecasts: indexes recorded daily returns in the range of -0.18% to +0.13%.

European stock indexes are higher currently after closing up Thursday led by travel and leisure shares. Asian indexes are mostly higher today with Hong Kong’s Hang Seng leading gains in dip buying after the selloff the previous day.