Markets down after Wall Street selloff resumed - 28.2.2025

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening continues
US stock index futures are up
Brent is retracing lower currently.
Gold is extending losses presently.

Top daily news

Global equity indexes are pointing mostly down currently ahead of core personal consumption expenditure (PCE) price index report at 14:30 CET today after US stocks closed sharply lower on Thursday amid weak economic data. Nvidia shares plunged 8.48% underperforming market despite the release of quarterly results by AI leader that exceeded Wall Street expectations the previous day after market close, Microsoft shares lost 1.8% on Thursday.

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Forex news

Currency Pair	Change
EUR/USD	-0.1%
GBP/USD	-0.2%
USD/JPY	+0.5%
AUD/USD	-0.2%

The Dollar strengthening continues 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, rallied 1.2% on Thursday.

GBP/USD joined EUR/USD’s accelerated sliding yesterday. Both euro and Pound are lower against the dollar currently. USD/JPY reversed its sliding Thursday while AUD/USD accelerated its retreating with both the yen and Australian dollar lower still against the Greenback currently.

Stock Market news

Indices	Change
DJIA	+0.2%
Japan 225	-0.9%
Hang Seng	-3.2%
Australia 200	-0.6%

US stock index futures are up currently with the yield on benchmark 10-year Treasury notes down at 4.227%. The three main stock benchmarks ended solidly lower on Thursday recording daily losses in a range from -2.78% to -0.45% as weekly jobless claims exceeded estimates and pending home sales also disappointed.

European indexes futures are down today after stock indexes closed lower yesterday despite Economic Sentiment Indicator data showing improvement in euro zone economic sentiment. Asian stock indexes futures are falling today with Hong Kong’s Hang Seng leading losses as president Trump said an extra 10% duty on Chinese imports will be imposed next Tuesday because fentanyl from China is still pouring into the US.

Commodity Market news

Commodities	Change
Brent	-0.1%
Light Weight Crude Oil	-0.2%

Brent is retracing lower currently. Prices ended over 2% higher on Thursday after president Trump revoked a license granted to US oil major Chevron to operate in Venezuela. The Chevron license revocation means the company will no longer be able to export Venezuelan crude amounting to about 240,000 barrels per day, more than a quarter of the country’s entire oil output. West Texas Intermediate (WTI) futures gained 2.5% but are lower currently. Brent futures rose 2.1% to $74.04 a barrel on Thursday.