Markets up after US stocks closed mixed - 3.12.2024

Senior Analytical Expert

Articles:915

Todays’ Market Summary

The Dollar is steady
Futures on three main US stock indexes are advancing
Brent is edging higher currently.
Gold prices are edging up currently

Top daily news

Global equity indexes are trading higher currently after US stocks ended mixed on Monday. Tesla stock slipped 1.3% in after-hours trade following a Delaware court reaffirmation of its ruling that the Tesla CEO Elon Musk is not entitled to his $56 billion compensation package despite Tesla shareholders vote to reinstate it, Meta shares rose 3.2% on Monday outperforming market.

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Forex news

Currency Pair	Change
EUR/USD	-0.2%
GBP/USD	-0.3%
USD/JPY	+0.2%
AUD/USD	+0.2%

The Dollar is steady 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 0.7% highser on Monday.

Both EUR/USD and GBP/USD reversed their advancing yesterday while data releases confirmed manufacturing sector activity continued deteriorating in in both the euro zone and the UK. Pound and euro are higher against the dollar currently. AUD/USD joined USD/JPY’s slowed sliding on Monday with the yen lower against the Greenback currently and Australian dollar higher.

Stock Market news

Indices	Change
DJIA	+0.1%
Nikkei 225	+1.8%
Hang Seng (HSI)	+1.0%
Australia 200	-0.1%

Futures on three main US stock indexes are advancing currently with the yield on benchmark 10-year Treasury up at 4.203%. US markets ended mixed on Monday as the three main stock benchmarks recorded daily returns in a range from -0.4% to 0.9% while data from the Institute for Supply Management (ISM) showed US manufacturing activity improved in November.

European stock indexes futures are up currently after indexes closed higher on Monday with household goods and retail shares leading gains. Asian indexes futures are mostly rising today with Australia’s All Ordinaries ASX 200 Index defying the trend.

Commodity Market news

Commodities	Change
Brent Oil	+0.1%
WTI Crude Oil	+0.2%

Brent is edging higher currently. Oil prices ended little changed yesterday while private sector Caixin survey showed China's factory activity expanded in November at the fastest pace in five months. US West Texas Intermediate WTI ended 0.15% higher and is up currently. Brent lost 1 cent to $71.83 a barrel on Monday.