Equities mixed after Nasdaq closes above 20,000 for first time - 12.12.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening has stalled
The US stock index futures are mixed currently
Brent is edging higher presently.
Gold prices are little changed

Top daily news

Global equity indexes are pointing in different directions currently after Wall Street ended mixed on Wednesday while Nasdaq closed at all time high. Tesla shares surged 5.9% to all-time high outperforming market, Microsoft shares rose 1.28% on Wednesday despite reports the software giant’s Executive Vice President and Chief Marketing Officer recently sold 2,500 shares of the company's common stock worth approximately $1.12 million.

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Forex news

Currency Pair	Change
EUR/USD	+0.1%
GBP/USD	+0.2%
USD/JPY	+0.1%
AUD/USD	+0.4%

The Dollar strengthening has stalled today. 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 Wednesday.

GBP/USD joined EUR/USD's continued sliding yesterday. Both Pound and euro are higher against the dollar currently. USD/JPY slowed its climbing while AUD/USD slowed its retreating on Wednesday with the yen lower against the Greenback currently and the Australian dollar higher.

Stock Market news

Indices	Change
DJIA	-0.2%
Nikkei 225	-0.3%
Hang Seng (HSI)	+1.3%
Australia 200	-1.1%

The US stock index futures are mixed currently ahead of wholesale prices and unemployment benefits reports at 17:30 CET today. US stocks closed mixed on Wednesday with the three main US stock benchmarks recording daily returns in a range from -0.2% to 1.7% after data showed the Consumer Price Index rose in line with expectations in November on both a monthly and annual basis.

European stock indexes futures are mixed currently after closing higher on Wednesday led by aerospace and defense shares. The European Central bank is meeting today and it is widely expected to announce a rate cut at 17:15 CET ahead of Swiss National Bank’s policy decision at 12:30 CET. Asian stock indexes futures are mixed currently with Australia’s S&P/ASX 200 All Ordinaries index leading losses after data showed that the country’s employment rose more than expected in November.

Commodity Market news

Commodities	Change
Brent Oil	+0.2%
WTI Crude Oil	+0.3%

Brent is edging higher presently. Prices ended over $1 higher on Wednesday as the Energy Information Administration reported US oil inventories fell more than expected last week while gasoline and distillate inventories rose by more than expected. The US oil benchmark West Texas Intermediate (WTI) futures rose 2.48% and are higher currently. Brent crude gained 1.84% to $73.52 a barrel on Wednesday.