Stocks mixed after hawkish Fed minutes - 23.2.2023

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening has halted
The US stock index futures are up currently
Brent is advancing presently.
Gold prices are edging up

Top daily news

Global stocks are trading mixed currently ahead of US gross domestic product preliminary report at 14:30 CET today. Wall Street ended mixed yesterday after hawkish February minutes release. Apple shares rose 0.29% outperforming the market, Nvidia shares gained 0.48% on Wednesday after Microsoft and NVIDIA announced the previous day the companies have agreed to a 10-year partnership to bring Xbox PC games to the NVIDIA GeForce NOW cloud gaming service.

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Forex news

Currency Pair	Change
EUR/USD	+0.1%
GBP/USD	+0.2%
USD/JPY	-0.05%
AUD/USD	+0.3%

The Dollar strengthening has halted 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, rose 0.4% Wednesday.

GBP/USD joined EUR/USD’s continued reversing on Wednesday despite the ifo Institute report Germany’s business outlook improved for a fifth month in a row in February. Euro and Pound are higher against the Dollar currently. USD/JPY reversed its climbing while AUD/USD continued its retreating yesterday with both the yen and the Australian dollar higher against the Greenback currently.

Stock Market news

Indices	Change
Dow Jones	+0.1%
Nikkei 225 Index	-0.01%
Hang Seng	+0.3%
ASX 200	-0.4%

The US stock index futures are up currently ahead of Department of Labor report on unemployment claims scheduled for 14:30 CET today. The three main US stock indexes ended mixed on Wednesday recording daily returns in the range from -0.3% to 0.1% after minutes from February's Federal Reserve meeting reinforcing views interest rates will stay higher for longer.

European stock indexes futures are up currently after closing lower yesterday with mining stocks leading losses. Asian stock indexes futures are mixed today with Australia’s S&P/ASX 200 All Ordinaries index leading losses.

Commodity Market news

Commodities	Change
#C-BRENT	+0.4%
OIL	+0.3%

Brent is advancing presently. Prices ended sharply lower yesterday as the American Petroleum Institute reported US crude stockpiles rose by 9.9 million barrels last week. The US oil benchmark West Texas Intermediate (WTI) futures fell 3% but is higher currently. Brent crude lost 3% to $80.60 a barrel on Wednesday.