- Analytics
- Market Overview
Markets mixed ahead of Fed interest rate decision - 18.9.2024
Todays’ Market Summary
- The Dollar weakening has resumed currently
- Futures on three main US stock indexes are mixed
- Brent is retracing down currently on signs of US inventory build.
- Gold prices are extending losses currently
Top daily news
Global equity indexes are pointing in different directions currently ahead of Fed rate decision at 22:00 CET today after Wall Street ended mixed on Tuesday. Amazon shares rose 1.1% outperforming market as Intel announced a plan with Amazon to produce AI fabric chip for Amazon Web Services, Nvidia slid 1.0% on Tuesday.
Forex news
Currency Pair | Change |
EUR/USD | +0.2% |
GBP/USD | +0.3% |
USD/JPY | -0.2% |
AUD/USD | +0.3% |
The Dollar weakening has resumed 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 0.2% higher on Tuesday after a better than expected retail sales report.
Both EUR/USD and GBP/USD reversed their advancing yesterday while the ZEW Economic Sentiment Index showed German economic sentiment deteriorated slightly in September. Both Pound and euro are higher against the dollar currently. USD/JPY joined AUD/USD’s slowed climbing on Tuesday with both the yen and Australian dollar higher against the Greenback currently.
Stock Market news
Indices | Change |
Dow Jones | +0.1% |
Nikkei 225 Index | -0.9% |
GB 100 | -0.3% |
ASX 200 | -0.1% |
Futures on three main US stock indexes are mixed currently ahead of expected Fed rate cut decision at 22:00 CET today with the yield on benchmark 10-year US notes steady at 3.642%. Stock indexes ended mixed on Tuesday as three main stock benchmarks recorded daily returns in a range from -0.04% to 0.2% as data showed retail sales rose unexpectedly by 0.1 per cent from July to August when a decline was forecast.
European stock indexes are lower currently after closing up on Tuesday with bank shares leading gains. Asian indexes futures are mixed today with Japan’s Nikkei leading losses while data showed Japan's exports slowed sharply whereas machinery orders shrank.
Commodity Market news
Commodities | Change |
#C-BRENT | -0.2% |
OIL | -0.3% |
Brent is retracing down currently on signs of US inventory build. Prices ended higher yesterday before data from the American Petroleum Institute showed both oil and fuel stockpiles rose last week. The Energy Information Administration (EIA) will release its US inventory data at 18:30 CET today.The US oil benchmark West Texas Intermediate (WTI) rose 1.6% but is lower currently. Brent added 1.3% to $73.70 a barrel on Tuesday.
Gold Market News
Metals | Change |
XAUUSD | -0.1% |
Gold prices are extending losses currently . Spot gold slid 0.5% to $2569.59 an ounce on Tuesday.