Stocks mixed after Wall Street rebound - 23.12.2024

The Dollar is rebounding 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 Friday.

GBP/USD joined EUR/USD’s accelerated advancing on Friday while the Office for National Statistics reported UK retail sales returned to growth in November. Both euro and Pound are lower against the Dollar currently. USD/JPY reversed its climbing while AUD/USD continued its advancing on Friday with both the yen and Australian dollar little changed against the Greenback currently.

US stock indexes futures are up currently after ending higher on Friday as the Bureau of Economic Analysis reported cooler than expected Personal Consumption Expenditure (PCE) data prompting traders to raise slightly expectations for Fed rate cuts in 2025. The three main US stock benchmarks recorded daily gains in the range from 1.0% to 1.18%.

European stock futures are down currently after closing lower on Friday led by healthcare shares after Danish firm Novo Nordisk tumbled on disappointing data from its next generation obesity drug trial. Asian stock indexes futures are mostly rising today with Hong Kong’s Hang Seng index leading gains.

Brent is steady currently. Prices ended little changed on Friday while US president-elect Donald Trump said the European Union may face tariffs if the bloc does not cut its growing deficit with the US by making large oil and gas trades with the world's largest economy. US West Texas Intermediate WTI rose 0.12% and is steady currently. Brent added 0.10% to $72.94 a barrel on Friday. For the week, both benchmarks ended down about 2.5%.