US PRE MARKET
The US Dollar Index are trading at 93.47 with a loss of -0.01% percent or -0.01 point. The cac 40 index are trading at 5,134.85 with a loss of –1.61% percent or –84.04 point . The DAX Index are trading at 12,144.41 with a loss of –1.20% percent or –147.64 point. The EURO Stoxx 50 Index are trading at 3,464.49 with a loss of –1.45% percent or -51.14 point.
TODAY’S FACTORS AND EVENTS
Switzerland’s franc on Wednesday posted its biggest single-day rise against the euro since the central bank removed its cap on the currency in January 2015.
Traders said hedge funds had cut leveraged bets against the franc, prompted in part by worries about increased U.S.-North Korea tension. The Swiss franc is a traditional safe haven.
“Heightened geopolitical risks overnight have seen the markets flip from risk-on to risk-off and we have to wait and see how long this move runs before adding some positions,” said Viraj Patel, an FX strategist at ING in London.
PREVIOUS DAY ACTIVITY
U.S. market index were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 22,085.34 with a loss of –0.15% percent or –33.08 point. The S&P 500 closed at 2,474.92 with a loss of –0.24% percent or –5.99 point. The Nasdaq Composite closed at 6,370.46 with a loss of –0.21% percent or –13.31 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,410.15 with a loss of -0.28% percent or -4.02 point; the S&P 600 Small-Cap Index closed at 851.48 with a loss of –0.38% percent or –3.27 point; the S&P 400 Mid-Cap Index closed at 1,748.01 with a loss of –0.28% percent or –4.89 point; the S&P 100 Index closed at 1,095.22 with a loss of –0.18% percent or –1.99 point; the Russell 3000 Index closed at 1,462.98 with a loss of –0.25% percent or –3.69 point; the Russell 1000 Index closed at 1,370.42 with a loss of –0.25% percent or –3.42 point; and the Dow Jones U.S. Select Dividend Index closed at 22,085.34 with a loss of –0.15% percent or –33.08 point.