Top daily news
Forex news
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 Friday after Bureau of Labor Statistics report US producer prices posted another record increase in August.
Both EUR/USD and GBP/USD reversed their climbing Friday while INSE French statistics institute reported the French industrial output growth in July slowed a tad more than forecast. Both pairs are lower currently. USD/JPY reversed its sliding Friday while AUD/USD declined further with both the Australian dollar and yen lower against the Greenback currently.
Stock Market news
Futures on US equity benchmarks are up currently ahead of Federal Budget report due at 20:00 CET today. The Wall Street ended down Friday after data showed producer price index (PPI) jumped 8.3% from August 2020, not seasonally adjusted, the biggest increase since the data was first collected in November 2010: the three main US stock benchmarks recorded daily losses ranging from --0.46% to -0.25%.
European stock indexes are rising currently after ending lower on Friday with utilities shares leading the losses. Asian indexes are mixed today with Hong Kong’s Hang Seng Index leading losses amid reports Beijing aimed to break up Alipay, the hugely popular payments app owned by Jack Ma’s Ant Group.