Equities mixed after Wall Street rebound as markets shrug off inflation data - 11.6.2021

The Dollar weakening is intact 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, slid 0.1% Thursday after US Labor Department report 376 thousand Americans sought unemployment benefits over the last week, down from 385 thousand the previous week.

GBP/USD reversed its sliding Thursday while EUR/USD reversed its climbing as the European Central Bank chose not to signal when it might start reducing its bond purchasing program as it left ultra-low interest rates unchanged. Both euro and Pound have reversed their dynamics against the Dollar currently. USD/JPY reversed its climbing while AUD/USD reversed its sliding yesterday with both yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are down currently ahead of University of Michigan preliminary Consumer Sentiment report at 16:00 CET today after a bullish session yesterday following inflation data showing US consumer price index posted its biggest year-over-year increase since August 2008 at 5%. The three main US stock benchmarks recorded daily gains in the range of 0.06% to 0.78% Thursday as Treasury yields declined further after stronger than expected inflation data.

European stock indexes are higher currently after closing mixed Thursday with travel shares leading losses. Asian indexes are mostly advancing today with Hang Seng leading gains while Shanghai Composite leads losses as China's auto sales fell 3% in May, the first drop in 14 months.