Markets track Wall Street advance - 27.12.2023

The Dollar weakening 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, lost 0.2% on Tuesday.

Both GBP/USD and EUR/USD accelerated climbing yesterday. Euro and Pound are higher against the dollar currently. USD/JPY ended lower on Tuesday and AUD/USD accelerated its advancing with the yen lower against the Greenback currently and Australian dollar higher still.

Futures on three main US stock indexes are up currently as the yield on benchmark 10-year US notes edged down to 3.876% currently. Stock indexes ended higher on Tuesday with three main stock benchmarks recording daily gains in a narrow range from 0.4% to 0.5% as data showed home prices in America's twenty largest cities rose for the ninth straight month in October.

European stock indexes are higher currently led by oil and gas shares. Asian indexes futures are rising mostly today with Hong Kong’s Hang Seng index leading gains buoyed by rebound in video game stocks- particularly heavyweight Tencent.

Brent is edging down currently. Brent ended up over 2% on Tuesday as Yemen's Iran-backed Houthi militia claimed responsibility for a missile attack on Tuesday on a container ship in the Red Sea, and for an attempt to attack Israel with drones. The Energy Information Administration (EIA) will release its US inventory data tomorrow. The US oil benchmark West Texas Intermediate (WTI) added 2.7% but is lower today. Brent rose 2.5% to $81.07 a barrel.