Markets mixed after US stocks rebound continued - 24.12.2024

The Dollar strengthening is intact 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 0.2% higher on Monday.

Both GBP/USD and EUR/USD reversed their advancing yesterday as the Office for National Statistics revised data showed the U.K. economy stagnated in the third quarter of the year. Euro is lower against the dollar currently while Pound is steady. USD/JPY reversed its sliding while AUD/USD reversed its advancing on Monday with both the yen and Australian dollar little changed against the Greenback currently.

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury down at 4.587%. US markets ended higher second straight session on Monday as the three main stock benchmarks recorded daily gains in a range from 0.16% to 0.98% with Nasdaq closing at record while Conference Board’s consumer confidence index indicated US consumer sentiment declined in December.

European stock indexes futures are mixed currently after indexes closed mixed on Monday with travel and leisure shares leading losses. Asian indexes futures are mixed today in thin trading with Hong Kong’s Hang Seng index leading gains buoyed by tech shares.

Brent is edging higher currently. Oil prices ended lower yesterday on concerns about a supply surplus next year after Macquarie analysts projected a growing supply surplus for next year, which will hold Brent prices to an average of $70.50 a barrel, down from this year's average of $79.64. US West Texas Intermediate WTI ended 0.3% lower but is up currently. Brent lost 0.4% to $72.63 a barrel on Monday.