Stocks mixed after Wall Street dip - 10.12.2024

The Dollar is steady 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 0.3% higher on Monday.

EUR/USD slowed its sliding while GBP/USD reversed its retreating yesterday as Sentix reported euro zone investor sentiment deteriorated in December. Pound and euro are higher against the dollar currently. Both USD/JPY and AUD/USD reversed their sliding on Monday with both the yen and Australian dollar lower against the Greenback currently as the Reserve Bank of Australia held interest rates steady at a 12-year high of 4.35%.

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury down at 4.191%. US markets ended down on Monday as the three main stock benchmarks recorded daily returns in a range from -0.6% to -0.5%.

European stock indexes futures are mixed currently after indexes closed higher on Monday with mining shares leading gains on the back of China pledging more monetary stimulus in 2025 and a “more proactive” approach to its fiscal policy. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading losses after Chinese stocks closed higher following China’s Politburo meeting yesterday where the government pledged more stimulus in 2025.

Brent is edging higher currently. Oil prices ended over 1% higher yesterday on geopolitical tensions concerns after the fall of Syrian President Bashar al-Assad. US West Texas Intermediate WTI ended 1.7% higher and is up currently. Brent gained 1.4% to $72.14 a barrel on Monday.