Markets rebound after Wall Street rally continued - 11.11.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening is intact
US stock indexes futures are up currently
Brent is little changed currently.
Gold prices are lower currently

Top daily news

Global equity indexes are advancing currently after US stocks ended at fresh records on Friday. Nvidia slid 0.84% underperforming market while the chip maker replaced Intel in the Dow Jones Industrial Average, Amazon stock lost 0.89% on Friday amid reports the Executive Chair of Amazon.com Inc Jeff Bezos sold over 5.8 million shares of Amazon stock, valued at approximately $1.23 billion, over two days - from November 6 to November 7, 2024.

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Forex news

Currency Pair	Change
EUR/USD	-0.2%
GBP/USD	-0.2%
USD/JPY	+0.3%
AUD/USD	-0.1%

The Dollar strengthening is intact 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 0.3% higher on Friday.

Both EUR/USD and GBP/USD reversed their climbing on Friday. Both Pound and euro are lower against the Dollar currently. AUD/USD joined USD/JPY’s slowed sliding on Friday with the yen lower against the Greenback currently and Australian dollar higher.

Stock Market news

Indices	Change
DJI	+0.2%
NIKKEI	+1.3%
HK50	+0.6%
AU200	+0.4%

US stock indexes futures are up currently after resuming advancing on Friday. The three main US stock benchmarks closed ta fresh all-time highs recording daily gains in the range from 0.1% to 0.6% as University of Michigan data showed US consumer confidence rose in November.

European stock index futures are higher after closing down on Friday led by mining shares. Asian stock indexes futures are rising today with Japan’s Nikkei leading gains while the minutes of the Bank of Japan's October policy meetings showed officials were divided on how soon they could raise rates again.

Commodity Market news

Commodities	Change
#C-BRENT	-0.1%
OIL	-0.1%

Brent is little changed currently. Prices ended more than 2% lower on Friday on subsiding concerns of negative impact of Hurricane Rafael on Gulf of Mexico US crude oil output. US West Texas Intermediate WTI lost 2.7% and is flat currently. Brent fell 2.3% to $73.87 a barrel on Friday.