Stocks mixed amid economic debate. Dollar declines

Stocks were mixed as investors assessed the strength of the global economy and geopolitical risks before the weekend’s French election. Oil rebounded after its biggest slump in more than a month, while the dollar slid.

European shares fluctuated, while Japan’s Topix headed for its first weekly gain in more than a month amid better-than- forecast trade figures. The dollar fell against most of its major peers. The kiwi climbed after New Zealand inflation reached the central bank’s target for the first time in more than five years.

Japanese exports grew at the fastest rate in more than two years in March, supporting the bullish view in the debate over the health of the global economy. The Federal Reserve’s Beige Book report showed the U.S. economy continued to expand steadily and Fed Vice Chairman Stanley Fischer painted a picture of brightening global growth that can better withstand gradual monetary tightening.

Here are the main moves in markets:

The European and US stocks futures are moving with a slight increase but the movements remain hesitantly.

The pound jumped 0.4 percent to $1.2835, after dropping 0.5 percent on Wednesday, and the euro climbed 0.3 percent to $1.0740. The yen advanced 0.1 percent to 108.79 per dollar, following a 0.4 percent decline on Wednesday. The kiwi rose 0.7 percent to 70.51 U.S. cents.

Oil increased 0.6 percent to $50.73 a barrel, after tumbling 3.8 percent Wednesday when a report showed U.S. gasoline supplies increased for the first time since February, while crude output keeps rising.

Gold rose less than 0.1 percent to $1,281.04 an ounce.

Source: Bloomberg

Junior Trader Ivan Ivanov

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