Stocks nosedive after Israel’s attacks on Iran - 13.6.2025

The Dollar strengthening has resumed 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, dropped 0.8% on Thursday.

Both EUR/USD and GBP/USD accelerated their climbing yesterday despite the Office for National Statistics report the United Kingdom’s economy contracted 0.3% in April while the country’s trade deficit widened. Both euro and Pound are lower against the dollar currently. USD/JPY accelerated its retreating while AUD/USD reversed its retreating on Thursday with both the yen and Australian dollar lower against the Greenback currently.

US stock market futures are down currently with the yield on benchmark 10-year Treasury notes down at 4.336%. The three main stock benchmarks ended higher on Thursday recording daily gains in the range from 0.24% to 0.38% while data showed that US wholesale prices rose less than expected in May.

European stock markets futures are retreating currently after closing mixed on Thursday against the backdrop of Britain’s government plans to ramp up public spending. Asian stock indexes futures are falling with Hong Kong’s Hang Seng leading losses after Israel conducted a military strike on Iran.

Brent rallied over 6% today after Israel’s "preemptive strike" targeting Iranian nuclear facilities, ballistic missile factories and military commanders. US Secretary of State Marco Rubio called the Israeli offensive a "unilateral action" and said that Washington was not involved. Prices declined on Thursday. West Texas Intermediate (WTI) futures slipped 0.2% but are higher currently. Brent futures slid 0.6% to $69.36 a barrel on Thursday.