Equities mixed ahead of Federal Reserve meeting - 19.9.2023

The Dollar weakening has reversed 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, slipped 0.2% on Monday while the US Department of the Treasury data indicated foreign holdings of US securities rose sharply slower than expected in July.

GBP/USD joined EUR/USD’s accelerated climbing on Monday. Both euro and Pound are lower against the dollar currently. USD/JPY reversed its advancing yesterday while AUD/USD reversed its sliding with both the yen and Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury notes down at 4.311%. US markets closed marginally higher on Monday with the three main stock benchmarks recording daily gains in the narrow range from 0.01% to 0.07% .

European stock indexes futures are mixed currently after closing lower on Monday with health care, travel and banks shares leading losses. Asian indexes futures are mixed today with Japan’s Nikkei leading losses.

Brent is edging up currently holding above $90. Prices ended higher on Monday as the US Energy Information Administration monthly report indicated US oil output from top shale-producing regions is expected to fall for a third month in a row in October to its lowest level since May 2023. US West Texas Intermediate WTI rose 0.8% and is higher currently. Brent added 0.5% to $94.43 a barrel on Monday.