Equities mixed after Dow and SP500 end at records - 20.9.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar weakening is intact
US stock index futures are mixed
Brent is inching down currently.
Gold is extending gains presently.

Top daily news

Global equity indexes are pointing in different directions currently ahead of Federal Reserve Bank of Philadelphia President Patrick Harker speech at Tulane University scheduled at 22:00 CET today after Wall Street ended at fresh records on Thursday. Apple shares jumped 3.71% while the chief executive of wireless carrier T-Mobile US said his company is seeing more sales of the iPhone 16 than it did for last year's series of the smartphones, Tesla shares rallied 7.36% on Thursday outperforming market.

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Forex news

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

The Dollar weakening is intact today. 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 0.3% lower on Thursday.

Both EUR/USD and GBP/USD accelerated their climbing yesterday while the Bank of England policy makers voted to hold the key interest rate steady at 5%. Both euro and Pound are higher against the dollar currently. USD/JPY reversed its sliding while AUD/USD accelerated its advancing on Thursday with the yen lower against the Greenback currently and Australian dollar higher still.

Stock Market news

Indices	Change
DJIA	-0.1%
Japan 225	+1.3%
Hang Seng	+0.5%
Australia 200	-0.2%

US stock index futures are mixed currently with the yield on benchmark 10-year Treasury notes up at 3.702%. The three main stock benchmarks ended solidly higher on Thursday recording daily gains in a range from 1.3% to 2.5% as weekly applications for US unemployment benefits fell to the lowest level in 4 months.

European indexes futures are falling today after stock indexes closed up on Thursday while mining shares led gainers. Asian stock indexes futures are mostly rising today with Japan’s Nikkei leading gains which were limited by Bank of Japan decision to hold interest rates steady while the central bank said it expected inflation to keep increasing.

Commodity Market news

Commodities	Change
Brent	-0.1%
Light Weight Crude Oil	-0.1%

Brent is inching down currently. Prices ended 1% higher on Thursday as Energy Information Agency reported the previous day crude inventories in the US, the world's top producer, fell to a one-year low last week. West Texas Intermediate (WTI) futures rose 1.7% but are lower currently. Brent futures ended 1.7% higher at $74.8 a barrel on Thursday.