Stocks mixed after Wall Street advance resumed - 2.12.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar has resumed strengthening
US stock indexes futures are lower currently
Brent is steady currently.
Gold prices are retracing down currently

Top daily news

Global equity indexes are pointing in opposite directions currently after US stocks ended higher on Friday. Microsoft added 0.1% underperforming market after news broke late Wednesday that the Federal Trade Commission has opened a broad antitrust probe into the tech giant, Nvidia stock rose 2.15% on Friday.

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Forex news

Currency Pair	Change
EUR/USD	-0.1%
GBP/USD	-0.3%
USD/JPY	+0.4%
AUD/USD	-0.4%

The Dollar has resumed strengthening 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% lower on Friday.

EUR/USD joined GBP/USD’s accelerated climbing on Friday while statistics agency Eurostat reported euro zone inflation rose from 2% in October to 2.3% in November. Both Pound and euro are lower against the Dollar currently. USD/JPY reversed its advancing while AUD/USD accelerated its climbing on Friday with both the yen and Australian dollar lower against the Greenback currently.

Stock Market news

Indices	Change
DJIA	-0.1%
Japan 225	+0.3%
Hang Seng	-0.2%
Australia 200	-0.1%

US stock indexes futures are lower currently after resuming advances on Friday as markets opened following Thanksgiving holiday. The three main US stock benchmarks closed higher recording daily gains in the range from 0.2% to 0.4% with SP 500 and Dow Jones Industrial Average notching record closing highs.

European stock futures are mixed after closing higher on Friday led by tech shares. Asian stock indexes futures are mixed today with Hong Kong’s Hang Seng index leading losses after Chinese stocks closed higher following data release indicating China's factory activity expanded in November.

Commodity Market news

Commodities	Change
Brent	-0.03%
Light Weight Crude Oil	-0.04%

Brent is steady currently. Prices ended lower on Friday on easing of concerns over supply risks from the Israel-Hezbollah conflict as ceasefire that took effect on Wednesday has reduced oil's risk premium. US West Texas Intermediate WTI lost 1.05% and is little changed currently. Brent slid 0.46% to $72.94 a barrel on Friday. For the week, the Brent declined 3.1% while WTI lost 4.8%.