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- Market Overview
Stocks pull back as dollar advances - 8.9.2021
Todays’ Market Summary
- The Dollar strengthening continues currently
- Futures on three main US stock indexes are down
- Brent is retracing higher today as US Gulf of Mexico production restart after the hurricane Ida is proceeding slower than expected.
- Gold prices are rebounding
Top daily news
Forex news
Currency Pair | Change |
EUR USD | -0.17% |
GBP USD | -0.03% |
USD JPY | -0.23% |
AUD USD | -0.59% |
The Dollar strengthening continues 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, rose 0.3% Tuesday.
Both GBP/USD and EUR/USD accelerated sliding yesterday after Germany’s ZEW survey of economic sentiment for September showed investor morale fell more than expected in August. Both pairs are lower currently. AUD/USD accelerated retreating Tuesday while USD/JPY continued climbing with Australian dollar lower against the Greenback currently and yen higher.
Stock Market news
Indices | Change |
Dow Jones Index | -0.65% |
Nikkei Index | +0.81% |
Hang Seng Index | -0.48% |
Australian Stock Index | -0.65% |
Futures on three main US stock indexes are down currently ahead of Federal Open Market Committee member William’s speech at a webinar hosted by St. Lawrence University at 19:10 CET today. The yield on benchmark 10-year US notes hover around 1.36% currently compared to a US close of 1.371% on Tuesday. Stock indexes in US ended mixed Tuesday with Nasdaq ending at record high: the three main US stock indexes posted returns ranging from -0.76% to +0.07%.
European stock indexes are sharply lower currently after a down session on Tuesday with chemicals companies shares leading losses. Investors are watching a flurry of telecom deals led by Deutsche Telekom which struck a share-swap deal with SoftBank Group to increase its stake in US unit T-Mobile. Asian indexes are mostly lower today with Nikkei bucking the general trend after the Japanese government revised upward the second quarter gross domestic product growth figures, beating expectations.
Commodity Market news
Commodities | Change |
Brent Crude Oil | +0.51% |
WTI Crude | +0.5% |
Gold Market News
Metals | Change |
Gold | +0.23% |