Equities track Wall Street rebound - 3.3.2025

The Dollar is down presently. 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 0.2% higher on Friday.

Both GBP/USD and EUR/USD slowed their retreating on Friday as statistics office Destatis reported higher than expected German inflation at 2.8% in February. Both euro and Pound are higher against the Dollar currently. USD/JPY kept advancing on Friday while AUD/USD slowed its retreating with both the yen and Australian dollar higher still against the Greenback currently.

US stock indexes futures are rising currently after ending solidly higher on Friday as the key core personal consumption expenditure (PCE) inflation came in largely in-line with expectations. The three main US stock benchmarks recorded daily gains in the range from 1.39% to 1.63% on Friday led by technology shares.

European stock futures are higher currently after closing mixed on Friday while president Trump hinted after talks with UK Prime Minister Keir Starmer in Washington the previous day that Britain may manage to avoid his tariffs regime. Asian stock indexes futures are mostly up today with Australia’s ASX 200 index leading gains while weekend data showed that Chinese manufacturing activity grew more than expected in February.

Brent is extending losses currently. Prices ended lower on Friday as Iraqi oil ministry said the OPEC member is set to announce the resumption of oil exports from the semi-autonomous Kurdistan region through the Iraq-Turkey pipeline. US West Texas Intermediate WTI lost 0.8% and is lower currently. Brent fell 1.16% to $73.18 a barrel on Friday.