Global stocks mixed after tech stock selloff - 25.3.2021

The Dollar strengthening has halted currently ahead of the US Labor Department report at 13:30 CET expected to show 727 thousand Americans sought unemployment benefits over the last week, down from 770 thousand the previous week. 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 0.26% Wednesday as Markit reported US factory activity expanded in March amid strong growth in new orders.

Both EUR/USD and GBP/USD sustained their sliding yesterday despite euro-zone statistics bureau Eurostat report euro zone business activity unexpectedly grew in March. Both are little changed against the Dollar currently. AUD/USD continued its sliding while USD/JPY started climbing Wednesday with Australian dollar higher against the Greenback currently while yen is lower still.

The US stock futures are up currently after ending lower on Wednesday despite the Federal Reserve chair Powell’s comment the most likely case is 2021 will be "a very, very strong year." The three main US stock indexes booked losses ranging from 0.01% to 2.0%. European stock indexes are mixed currently after a mixed session Wednesday with mining and construction stocks leading the gains while auto shares fell.

Asian stock indexes are mixed today with Nikkei leading gains while Chinese shares fell led by tech amid reports US securities regulator is introducing measures that would remove foreign companies from US stock exchanges if they do not comply with US auditing standards, and require them to disclose any government affiliations.