Markets track Wall Street rebound - 23.4.2025

Senior Analytical Expert

Articles:1006

Todays’ Market Summary

The Dollar strengthening has halted
Futures on three main US stock indexes are advancing
Brent is up currently.
Gold prices are retreating currently

Top daily news

Global equity indexes are trading mostly higher currently ahead of US Purchasing Managers' Index reports at 15:45 CET after Wall Street closed sharply higher on Tuesday as Treasury Secretary Scott Bessent said that he expected a de-escalation of Sino-US trade war soon. Tesla shares rallied 4.6% outperforming market despite the company reporting 20% drop in auto revenue as first-quarter results missed Wall Street estimates, Microsoft shares rose 2.14% on Tuesday.

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Forex news

Currency Pair	Change
EURUSD	+0.1%
GBPUSD	+0.1%
USDJPY	-0.4%
AUDUSD	+0.5%

The Dollar strengthening has halted 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, surged 1.07% on Tuesday.

Both EUR/USD and GBP/USD reversed their climbing on Tuesday while European Central Bank President Christine Lagarde told that Europe and the US had scope to negotiate on tariffs. Both Pound and euro are higher against the dollar currently. USD/JPY reversed its sliding while AUD/USD reversed its advancing on Tuesday with both the yen and Australian dollar higher against the Greenback currently.

Stock Market news

Indices	Change
DJI	+1.5%
NIKKEI	+0.6%
HK50	+1.7%
AU200	+0.1%

Futures on three main US stock indexes are advancing currently with the yield on benchmark 10-year US notes down at 4.344%. Stock indexes ended sharply higher on Tuesday recording daily gains in the range from 2.5% to 2.7% as president Trump signaled an eventual lowering of trade tariffs against China and downplayed his recent criticism of Federal Reserve Chair Jerome Powell.

European stock indexes futures are sharply higher currently after rebounding on Tuesday as European Central Bank President Christine Lagarde told that euro zone disinflation was ‘nearing completion.’ Asian indexes futures are mostly rising today with Hong Kong’s Hang Seng index leading gains despite the Bank of America downgrade of its China gross domestic product outlook to 4% growth in 2025, below the government’s 5% target.

Commodity Market news

Commodities	Change
#C-BRENT	+0.3%
OIL	+0.3%

Brent is up currently. Prices rose nearly 2% yesterday as the US issued fresh sanctions targeting an Iranian liquefied petroleum gas and crude oil shipping magnate and his corporate network. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) gained 2% and is higher currently. Brent rose 1.8% to $67.44 a barrel on Tuesday.