Stocks mixed as yield worries’ grip on markets tightens - 26.2.2021

Top daily news

Equity markets are mixed currently after Wall Street selloff Thursday as surge in Treasury yields didn’t subside. Apple shares fell 3.48%, Tesla lost 8.06% underperforming markets.

Forex news

Currency Pair Change
EUR USD -0.28%
GBP USD -0.71%
USD JPY +0.46%
AUD USD -1.59%

The Dollar strengthening is intact 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, added 0.1% Thursday as US Labor Department reported 730 thousand Americans sought unemployment benefits over the last week, down from 841 thousand the previous week.

GBP/USD reversed its climbing while EUR/USD continued rising Thursday as Germany’s GfK sentiment recovered slightly. Both pairs are lower currently. AUD/USD also reversed its climbing Thursday while USD/JPY continued gaining. Australian dollar is lower against the greenback currently with yen higher.

Stock Market news

Indices Change
Dow Jones Index +0.03%
GB 100 Index -1.1%
Nikkei Index -3.99%
Hang Seng Index -1.14%

Futures on three main US stock indexes are mixed currently ahead of Bureau of Economic Analysis report on US inflation at 14:30 CET today. Wall Street ended sharply lower yesterday despite Census Bureau report US durable goods orders rose 3.4% over month in January when 0.9% increase was expected. The three main US stock benchmarks recorded daily losses ranging from 1.8% to 3.5%.

European stock indexes are mixed today after closing lower Thursday led by chemical shares. Asian indexes are mostly lower today with Nikkei leading losses while Australia’s central bank conducted a surprise bond buying operation to stop the bond selloff.

Commodity Market news

Commodities Change
Brent Crude Oil -0.22%
WTI Crude -0.43%

Brent is extending losses today. Oil prices ended mixed yesterday. The US oil benchmark West Texas Intermediate (WTI) futures gained 0.5% but is lower currently. Brent crude lost 0.2% to $66.88 a barrel on Thursday.

Gold Market News

Metals Change
Gold -0.2%

Gold prices are edging lower today . April gold settled 1.3% lower at $1775.40 an ounce on Thursday.