Top daily news
Forex news
The Dollar strengthening has resumed . 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 0.3% on Monday despite US Census Bureau report US factory orders jumped in August.
Both EUR/USD and GBP/USD continued climbing Monday despite Sentix report the momentum of the economic recovery in the euro-zone continued to slow down. Both Pound and Euro are lower against the Dollar currently. AUD/USD continued advancing while USD/JPY continued retreating Monday with both the Australian dollar and yen lower against the Greenback currently.
Stock Market news
Futures on three main US stock indexes are up while US 10-year Treasury yields inched up to 1.495% currently. Stocks ended solidly lower Monday while Treasury prices declined on concerns about expected raising of the government's debt ceiling as the United States faces the risk of a historic default in two weeks. The three major Wall Street stock benchmarks recorded daily losses in the range of 0.94% to 2.14% led by tech shares.
European stock indexes are up currently after ending down Monday led by tech shares. Asian indexes are mixed today while Nikkei tumbled to one-month low leading losses with growth-oriented shares hit hard as rising oil prices stoked further worries about inflation. Investors are watching closely to see if Evergrande default develops into a default for China property sector after trading in the company shares were halted for trading on Monday.