Markets mixed after Nasdaq hit record high - 21.5.2024

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Todays’ Market Summary

The Dollar strengthening has paused
Futures on three main US stock indexes are mixed
Brent is edging lower currently.
Gold prices are retracing lower currently

Top daily news

Global stocks are trading mixed currently after US markets ended mixed again on Monday while Nasdaq closed at all time high. Nvidia shares rose 2.49% outperforming market as Barclays increased its target for the company's shares to $1,100 from $850 while it maintained a Neutral rating on Nvidia, Alphabet shares added 0.66% on Monday.

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Forex news

Currency Pair	Change
EURUSD	+0.1%
GBPUSD	+0.1%
USDJPY	-0.1%
AUDUSD	-0.1%

The Dollar strengthening has paused 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 0.1% higher on Monday as Fed Vice Chair Philip Jefferson said that it was too early to tell if the inflation slowdown is "long lasting."

Both EUR/USD and GBP/USD reversed their advancing on Monday. Both Pound and euro are lower against the dollar currently. USD/JPY accelerated its climbing yesterday while AUD/USD reversed its advancing with the yen higher against the Greenback currently and Australian dollar lower still.

Stock Market news

Indices	Change
DJI	+0.1%
NIKKEI	-0.6%
HK50	-1.5%
AU200	-0.1%

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury up at 4.443% ahead of Federal Reserve Governor Christopher Waller speech at 15:00 CET today. US markets closed mixed again on Monday with the three main stock benchmarks recording daily returns in a range from -0.5% to 0.65% as Nasdaq closed at all time high with at least three brokerages lifting their Nvidia price targets.

European stock indexes futures are down currently after indexes closed marginally higher on Monday with industrial stocks leading gains. Asian indexes futures are mostly retreating today with Hong Kong’s Hang Seng index leading losses as it pulled back from Monday's multi-month peak.

Commodity Market news

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

Brent is edging lower currently. Oil prices ended lower yesterday reversing early Monday gains following reports that a helicopter carrying Iranian President Ebrahim Raisi and his foreign minister crashed in mountainous terrain due to bad weather conditions over the weekend. US West Texas Intermediate WTI ended 0.30% lower and is down currently. Brent slid 0.3% to $83.71 a barrel on Monday.