Global stocks mixed after Wall Street advance - 11.7.2023

The Dollar weakening is intact 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, slid 0.3% on Monday.

Both EUR/USD and GBP/USD slowed their advancing on Monday while Sentix’s report showed Investor Confidence index declined to -22.5 points for June, the lowest overall index for the Eurozone level since November 2022. Both euro and Pound are higher against the dollar currently. USD/JPY slowed its retreating while AUD/USD reversed its climbing with the yen higher against the Greenback currently and the Australian dollar lower.

Futures on three main US stock indexes are down currently with the yield on benchmark 10-year Treasury notes down at 3.988%. US stocks edged up on Monday, with three main stock benchmarks recording daily gains in the range from 0.2% to 0.6% while banking shares were mixed as Federal Reserve Vice Chair Michael Barr proposed raising capital requirements for large and mid-sized US banks following the failure of three mid-sized banks earlier this year.

European stock indexes futures are mixed currently after closing marginally higher on Monday with travel and leisure shares leading gains. Asian indexes futures are mixed today with Australia’s All Ordinaries ASX 200 Index leading gains while Chinese property stocks rose after the People’s Bank of China said it was extending policy support for the sector until end-2024.

Brent is advancing currently. Prices ended lower on Monday. US West Texas Intermediate WTI lost 1.2% but is higher currently. Brent slid 1% to $77.69 a barrel on Monday.