Stocks mixed after Wall Street rebound - 27.1.2023

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, rose 0.2% Thursday after the Department of Labor data showing the number of Americans who sought unemployment benefits over the last week was lower than the forecast while their number declined.

Both EUR/USD and GBP/USD reversed their climbing Thursday. Both euro and Pound are lower against the Dollar currently. USD/JPY reversed its retreating while AUD/USD slowed its advancing yesterday with the Australian dollar lower against the Greenback currently and the yen higher.

US stock indexes futures are down currently ahead of Bureau of Economic Analysis report on Personal Consumption Expenditures (PCE) today at 17:30 CET as the yield on benchmark 10-year Treasury notes ticked up to 3.528%. The three main stock benchmarks closed higher Thursday in the range of 0.6% to 1.8% as stronger than expected US Q4 growth report offered a reason for optimism that the Federal Reserve will manage to lower inflation without tipping the economy into a major downturn.

European stock market futures are up today after ending higher Thursday with retail shares leading gains. Asian stock indexes futures are mixed currently with Japan's Nikkei leading losses as data showed that inflation in the country’s capital grew more than expected in January.

Brent is edging down presently ahead of OPEC+ panel meeting. Prices ended higher on Thursday despite the Energy Information Administration report US crude stocks rose by 533 thousand barrels last week to 448.5 million barrels. The US oil benchmark West Texas Intermediate (WTI) added 1.1% but is lower currently. Brent crude rose 1.6% to $87.47 a barrel on Thursday.