Markets mixed ahead of US data - 3.6.2021

The Dollar strengthening has resumed currently ahead of the US Labor Department report at 14:30 CET expected to show 400 thousand Americans sought unemployment benefits over the last week, down from 406 thousand the previous week. 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, slipped 0.04% Wednesday as Wards Auto reported total number of cars and trucks sold domestically during the previous month declined more than expected.

GBP/USD reversed its sliding while EUR/USD reversed its climbing on Wednesday despite European Union statistics office Eurostat report euro-zone producer prices climbed by more than expected in April. USD/JPY reversed its sliding Wednesday while AUD/USD ended little changed with both yen and Australian dollar lower against the Greenback currently.

The US stock futures are down currently with the 10-year US Treasuries yield at 1.593% ahead of Institute for Supply Management Services PMI report today at 16:00 CET. The three main US stock indexes booked gains ranging from 0.07% to 0.14% Wednesday led by energy shares.

European stock indexes are mixed currently after ending higher Wednesday with autos stocks leading gainers. Asian stock indexes are mostly rising today with Hong Kong’s Hang Seng Index leading losses as Caixin private gauge of China’s services sector retreated in May due to shrinking overseas demand still expanding for 13 straight months.