Equities mixed after Wall Street extended rout - 6.8.2024

The Dollar has reversed weakening 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, ended 0.4% lower on Monday.

EUR/USD slowed its advancing while GBP/USD reversed climbing on Monday as data showed UK services sector accelerated expanding in July. Both Pound and euro are lower against the dollar currently. AUD/USD joined USD/JPY’s continuing sliding yesterday with the yen higher against the Greenback currently and Australian dollar lower still.

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury up at 3.871%. US markets extended losses on Monday as the three main stock benchmarks recorded daily losses in a range from -3.4% to -2.6% despite a stronger than expected Services Purchasing Managers' Index report by the Institute for Supply Management.

European stock indexes futures are lower currently after indexes closed down on Monday led by utilities and oil and gas shares. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading losses while the Reserve Bank of Australia kept interest rates unchanged.

Brent is edging lower currently. Oil prices ended lower yesterday with losses limited by concerns over further possible supply disruptions from a wider Middle East war . US West Texas Intermediate WTI ended 0.79% lower and is down currently. Brent lost 0.66% to $76.30 a barrel on Monday.