Stocks down as risk-off mood prevails - 19.7.2021

The Dollar strengthening continues 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, gained 0.2% on Friday after Census Bureau report retail sales unexpectedly rose 0.6% last month.

Both GBP/USD and EUR/USD continued sliding Friday after Eurostat report euro-zone trade surplus declined less than expected in May. USD/JPY continued its climbing Friday as AUD/USD kept retreating with Australian dollar lower against the Greenback currently while yen higher.

Futures on US equity benchmarks are down currently as the three main US stock benchmarks recorded daily losses ranging from 0.75% to 0.86% Friday. The earnings season continues with Netflix, Intel, Coca Cola and Philip Morris among companies expected to report quarterly earnings this week. US stocks ended last week lower despite positive second quarter corporate reports.

European stock indexes are retreating currently after ending lower on Friday with mining stocks leading losses. Asian indexes are mixed today with Nikkei index leading losses.