Markets mixed after Wall Street rebound - 18.5.2023

The Dollar strengthening 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, added 0.2% Wednesday.

GBP/USD reversed its retreating on Wednesday while EUR/USD accelerated its sliding as Commerzbank said it expects Germany will be in a mild recession this year. Both euro and Pound are lower against the Dollar currently. USD/JPY accelerated its advancing yesterday whileAUD/USD reversed its sliding with both the yen and the Australian dollar lower against the Greenback currently.

The US stock index futures are mixed currently ahead of unemployment claims report at 14:30 CET today. The three main US stock indexes ended higher on Wednesday recording daily gains in the range from 1.19% to 1.28% as beleaguered regional bank Western Alliance Bancorporation said it had added $2 billion in deposits so far in the second quarter.

European stock indexes futures are higher currently after indexes closed mixed yesterday with food and beverages shares leading losses. Asian stock indexes futures are mostly higher today with Hong Kong’s Hang Seng Index leading losses while data from Australia showed an unexpected fall in employment in April.

Brent is edging down presently. Prices ended higher yesterday despite Energy Information Administration report US crude inventories rose by above expected 5 million barrels last week while gasoline inventories fell by 1.4 million barrels. The US oil benchmark West Texas Intermediate (WTI) futures surged 2.8% but is lower currently. Brent crude rose 2.7% to $76.96 a barrel on Wednesday.