Equities advance following another Wall Street dip after Fed stood pat - 30.1.2025

Senior Analytical Expert

Articles:951

Todays’ Market Summary

The Dollar strengthening continues
The US stock index futures are up currently
Brent is edging down presently.
Gold prices are retracing up

Top daily news

Global equity indexes are pointing mostly up currently after Wall Street closed lower on Wednesday as Federal Reserve kept rates unchanged. Meta shares added 0.32% outperforming market as the parent of Facebook beat Wall Street expectations for fourth-quarter revenue but predicted sales in the current first quarter may not meet forecasts, Microsoft lost 1.09% on Wednesday while the company reported above expected quarterly revenue. Apple will report quarterly results later today.

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Forex news

Currency Pair	Change
EUR/USD	-0.4%
GBP/USD	-0.3%
USD/JPY	-0.4%
AUD/USD	-0.1%

The Dollar strengthening continues 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, added 0.06% on Wednesday.

GBP/USD reversed its sliding and EUR/USD slowed its retreating yesterday as German government downgraded its gross domestic product forecast to just 0.3% growth in 2025. Both Pound and euro are lower against the dollar currently. USD/JPY reversed its advancing while AUD/USD slowed its sliding on Wednesday with the yen higher against the Greenback currently and the Australian dollar lower.

Stock Market news

Indices	Change
DJIA	+0.3%
GB 100	+0.1%
Nikkei 225	+0.2%
Australia 200	+0.6%

The US stock index futures are up currently ahead of unemployment benefits and advance GDP reports at 14:30 CET. US stocks ended lower on Wednesday with the three main US stock benchmarks recording daily losses in a range from -0.5% to -0.3% as Fed left its key lending rate unchanged as widely expected.

European stock indexes are mixed currently as traders expect the European Central Bank will cut interest rates 25 basis points at 14:15 CET today. Stock indexes closed up on Wednesday led by technology shares. Asian stock indexes futures are rising currently in thin trading with Australia’s S&P/ASX 200 All Ordinaries index leading gains while markets remained shut for holidays in Hong Kong and mainland China.

Commodity Market news

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

Brent is edging down presently. Prices extended losses on Wednesday as the Energy Information Administration reported US crude inventories rose by above expected 3.46 million barrels last week. The US oil benchmark West Texas Intermediate (WTI) futures lost 1.6% and are lower currently. Brent crude slid 1.2% to $76.58 a barrel on Wednesday.