Equities down as Wall Street selloff continued - 28.3.2025

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 0.5% on Thursday.

Both GBP/USD and EUR/USD reversed their sliding yesterday. Euro is lower against the dollar currently while Pound is higher still. USD/JPY accelerated its advancing while AUD/USD reversed its sliding on Thursday with the yen higher against the Greenback currently and Australian dollar lower.

US stock index futures are down currently with the yield on benchmark 10-year Treasury notes down at 4.346%. The three main stock benchmarks ended lower on Thursday second straight session recording daily losses in a range from -0.5% to -0.3% while Department of Labor reported weekly jobless claims declined and were below forecast.

European indexes futures are lower today after stock indexes closed down on Thursday while President Donald Trump threatened to impose “far larger” tariffs on the European Union and Canada if they work together in response to US trade tariffs. Asian stock indexes futures are mostly retreating today with Hong Kong’s Hang Seng leading losses while Tokyo consumer price index inflation data came in higher than expected for March.

Brent is edging lower currently. Prices ended marginally higher on Thursday despite data showing that US economic growth slowed in the fourth quarter, according to a final revision of government data. West Texas Intermediate (WTI) futures rose 0.4% but are lower currently. Brent futures added 0.3% to $74.03 a barrel on Thursday.