Markets’ upbeat sentiment intact amid ceasefire talks - 25.6.2025

The Dollar weakening has halted 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, fell 0.4% on Tuesday.

Both EUR/USD and GBP/USD slowed their climbing yesterday. Euro is steady currently while Pound is higher still. USD/JPY accelerated its sliding while AUD/USD accelerated its climbing on Tuesday with the Australian dollar higher against the Greenback currently and the yen lower.

Futures on three main US stock indexes are up currently ahead of Federal Reserve chair Jerome Powell Senate testimony scheduled for 16:00 CET. Stock indexes ended higher on Tuesday recording daily gains in the range from 1.1% to 1.4% while president Trump referred to the Fed chair in a social media post a “dumb, hardheaded person” as Powell said policymakers were “well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”

European stock indexes futures are mixed currently after closing higher on Tuesday led by travel shares. Asian indexes futures are mostly rising today with Australia’s All Ordinaries ASX 200 Index lagging peers while data showed Australia’s consumer price index rose less than expected in May while core inflation dropped to its lowest level in over three years.

Brent is edging up currently. Prices fell 6% yesterday as president Trump said China, the world’s biggest oil importer, can continue to purchase oil from Iran. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) lost 6% but is higher currently. Brent dropped 6.1% to $67.14 a barrel on Tuesday.