Markets mixed after Dow, SP 500 ended at record highs - 27.11.2024

The Dollar is weakening today. 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 flat on Tuesday.

EUR/USD reversed its advancing while GBP/USD ended flat yesterday as Confederation of British Industry reported UK retailers’ sentiment about their business situation over the next three months fell at the fastest pace for two years in November. Both euro and Pound are higher against the dollar currently. USD/JPY joined AUD/USD’s persistent sliding on Tuesday with both the yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are lower currently with the yield on benchmark 10-year US notes down at 4.295%. Stock indexes ended higher again on Tuesday as three main stock benchmarks recorded daily gains in the range from 0.3% to 0.6% led by tech shares while the Conference Board’s consumer confidence index rose further in November.

European stock indexes are down currently after closing lower on Tuesday with auto shares leading losses. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading gains after president-elect Trump posted on his Truth Social platform that he would immediately put a 25% tariff on all products from Mexico and Canada upon taking office and slap an additional 10% tariff on goods from China until the countries clamped down on issues such as illicit drugs and migrants crossing US borders.

Brent is edging higher currently. Prices extended losses yesterday after Israel agreed to a ceasefire deal with Hezbollah. The US oil benchmark West Texas Intermediate (WTI) slid 0.25% but is higher currently. Brent lost 0.27% to $72.81 a barrel on Tuesday.