Equities mixed amid Trump-Powell clash - 22.4.2025

The Dollar weakening has halted 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 0.8% lower on Monday.

Both EUR/USD and GBP/USD accelerated their climbing yesterday. Pound is higher against the dollar currently and euro lower. AUD/USD reversed its sliding while USD/JPY accelerated its retreating on Monday with both the yen and Australian dollar higher still against the Greenback currently. 

Futures on three main US stock indexes are up currently ahead of Richmond Manufacturing Index report at 16:00 CET with the yield on benchmark 10-year Treasury up at 4.426%. US stock market ended lower on Monday with the three main stock benchmarks recording daily losses in the range from -2.6% to -2.4% as president Trump wrote in a Truth Social post that the US economy is headed for a slowdown “unless Mr. Too Late, a major loser, lowers interest rates NOW.”

European stock indexes futures are retreating currently ahead of ECB president Lagarde speech at 16:00 CET as markets reopened after Easter Monday. Asian indexes futures are mostly rising currently with Hong Kong’s Hang Seng index leading gains after China’s Commerce Ministry on Monday warned countries against striking trade deals with the US at Beijing’s expense.

Brent is rising currently. Oil prices fell more than 2% yesterday amid reports over the weekend the US and Iran agreed to begin drawing up a framework for a potential nuclear deal. US West Texas Intermediate WTI fell 2.5% but are higher currently. Brent lost 2.5% to $66.26 a barrel on Monday.