Equities advance after Wall Street dipped - 6.8.2025

The Dollar has resumed weakening 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 virtually unchanged on Tuesday.

EUR/USD joined GBP/USD continued climbing yesterday as the statistics agency Eurostat reported industrial producer prices increased by 0.8% in the euro area and by 0.7% in the EU. Both Pound and euro are higher against the dollar currently. USD/JPY joined AUD/USD’s continuing climbing on Tuesday with the yen lower still against the Greenback currently and the Australian dollar higher.

Futures on three main US stock indexes are up currently ahead of speeches by Federal Reserve Open Market Committee members Collins, Cook and Daly starting at 20:00 CET. Stock indexes ended lower on Tuesday recording daily losses in the range from -0.65% to -0.14% while the Institute for Supply Management (ISM) reported activity in the US services sector hit stall-speed in July, with businesses saying new import taxes are pushing costs higher.

European stock indexes futures are mostly rising currently after closing mixed on Tuesday while Switzerland’s President Keller-Sutter and Vice President Guy Parmelin announced they were flying to the US to “facilitate meetings with the U.S. authorities at short notice and hold talks with a view to improving the tariff situation for Switzerland.” Asian indexes futures are advancing today with Japan’s Nikkei leading gains.

Brent is edging higher currently. Prices fell more than 1% yesterday against the background of president Trump's threats to India over its Russian oil purchases. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) fell 1.7% but is higher currently. Brent lost 1.6% to $67.64 a barrel on Tuesday.