Equities rebound after US stocks ended mixed - 8.4.2025

The Dollar strengthening has reversed 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 0.4% higher on Monday.

Both EUR/USD and GBP/USD slowed their sliding yesterday as federal statistics agency Destatis reported German industrial production fell more than expected in February. Both euro and Pound are higher against the dollar currently. AUD/USD slowed its retreating while USD/JPY continued its climbing on Monday with both the yen and Australian dollar higher against the Greenback currently. 

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury down at 3.976%. US stock market ended mixed on Monday with the three main stock benchmarks recording daily returns in the range from -0.9% to 0.1% paring earlier steep losses as an unverified post on the social platform X claimed that President Donald Trump was considering a 90-day pause on tariffs for all countries except China. White House officials quickly denied the report.

European stock indexes futures are up currently after closing sharply lower yesterday ahead of European Union vote on April 9 on a plan for 25% EU tariffs on some US product - impacting less than the previously announced 26 billion euros of imports after Trump’s widespread tariffs. Asian indexes futures are rising currently with Hong Kong’s Hang Seng index leading gains while Beijing vowed to ’fight to the end’ after president Trump threatened to raise tariffs on US imports from the world’s No. 2 economy to more than 100% on Wednesday if China didn’t withdraw its 34% ’reciprocal’ duties by then.

Brent is edging lower currently. Oil prices ended about 2% lower yesterday as Goldman Sachs, Citi and Morgan Stanley cut their Brent outlooks as US tariff policy raises the chance of recession in the US over the next 12 months. US West Texas Intermediate WTI futures fell 2.1% and are lower currently. Brent lost 2.1% to $64.21 a barrel on Monday.