Global equities mixed after SP500 books new record - 1.7.2021

The Dollar strengthening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 388 thousand Americans sought unemployment benefits over the last week, down from 411 thousand the previous week. 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, added 0.3% Wednesday as payroll services firm ADP reported private US firms added 692,000 jobs in June, beating expectations.

Both EUR/USD and GBP/USD continued sliding on Wednesday after Eurostat report euro-zone inflation ticked down in June to 1.9% from 2.0% in May. Pound is higher against the Dollar currently while euro is lower still. AUD/USD continued its sliding on Wednesday while USD/JPY reversed its retreating with Australian dollar and yen lower against the Greenback currently.

The US stock index futures are up currently with the 10-year US Treasuries yields up at 1.473%. The three main US stock indexes booked returns ranging from -0.2% to +0.6% Wednesday with pending home sales rising in May when a decline was expected.

European stock indexes are advancing currently after ending lower Wednesday with auto shares leading losses. Asian stock indexes are mixed today with Australia’s S&P/ASX 200 All Ordinaries index leading losses while data showed factory activity slowed down in China and Asia.