Equity markets rally intact ahead of Wall Street reopening - 7.9.2021

The Dollar strengthening is intact 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, added 0.1% on Monday.

Both GBP/USD and EUR/USD reversed their climbing Monday despite federal statistics office Destatis report German factory output rebound in July continued when a decline was expected. Both Pound and euro are higher against the Dollar currently. AUD/USD reversed its advancing Monday while USD/JPY reversed its sliding with both the yen and Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are up currently as 10-year US Treasury note yields inched up to 1.344%. The three major Wall Street stock benchmarks ended mixed Friday after disappointing August jobs report, recording daily returns in the range of --0.21% to 0.21%.

European stock indexes are down currently after ending higher Monday with tech shares leading gains. Asian indexes are mostly rising today with Shanghai Composite leading gains as Chinese trade data showed both exports and imports of the world's second-biggest economy grew much faster than expected in August.