Equities mixed after Wall Street extended rebound - 28.4.2025

The Dollar strengthening continues presently. 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, added 0.25% on Friday.

Both EUR/USD and GBP/USD reversed their advancing on Friday despite the Office for National Statistics report of better than expected UK retail sales. Both euro and Pound are lower against the Dollar currently. USD/JPY reversed its sliding and AUD/USD reversed its climbing on Friday with both the Australian dollar and the yen lower against the Greenback currently.

US stock indexes futures are down currently after ending up on Friday. The three main stock benchmarks recorded daily gains in the range from 0.1% to 1.3% on the back of positive corporate earnings, with gains of more than 9%.

European markets are mixed today after closing higher on Thursday while Citi noted that earnings per share downgrades that have continued to accelerate and have driven Wall Street bank’s proprietary Earnings Revision Index (ERI) to “recessionary” levels of around -60%” tend to be a contrarian signal to buy stocks. Asian stock indexes futures are mixed today with Australia’s ASX 200 index leading losses.

Brent is down currently. Prices ended over 3% higher on Thursday. US West Texas Intermediate WTI futures rose 0.36% but are lower currently. Brent gained 0.48% to $66.87 a barrel on Thursday. Brent crude futures settled took losses of 1.6% over the week, WTI recorded a weekly decline of 2.6%.