Markets rebound after Wall Street rally - 29.4.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening has reversed
US stocks indexes futures are higher currently
Brent is retreating currently on reports of Israel and Hamas talks.
Gold prices are steady currently

Top daily news

Global equity indexes are pointing mostly up currently after US stocks rebounded on Friday buoyed by strong results from Google and Microsoft. Google parent Alphabet’s stock price rallied 10.22% outperforming market as the company announced a dividend and authorized $70 billion in share buybacks, Nvidia jumped 6.18% on Friday.

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Forex news

Currency Pair	Change
EURUSD	+0.1%
GBPUSD	+0.1%
USDJPY	-0.8%
AUDUSD	+0.3%

The Dollar strengthening 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, ended 0.4% higher on Friday.

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

Stock Market news

Indices	Change
DJI	+0.2%
GB100	+0.2%
HK50	+0.4%
AU200	+0.6%

US stocks indexes futures are higher currently after ending solidly higher on Friday. The three main US stock benchmarks recorded daily gains in the range from 0.4% to 2.0% despite the Commerce Department report the personal consumption expenditures price index rose more than expected in March.

European stock futures are up today after closing higher on Friday with construction and material shares leading gains. Asian stock indexes futures are rising today with Australia’s ASX 200 index leading gains while Japanese markets were closed for a holiday.

Commodity Market news

Commodities	Change
#C-BRENT	-0.1%
OIL	-0.1%

Brent is retreating currently on reports of Israel and Hamas talks. Prices ended higher on Friday. US West Texas Intermediate WTI rose 0.34% but is lower currently. Brent added 0.55% to $89.50 a barrel on Friday.