US PRE MARKET
The US Dollar Index are trading at 93.35 with a loss of -0.29% percent or –0.27 point. The cac 40 index are trading at 5,347.61 with a loss of –0.37% percent or 19.79 point . The DAX Index are trading at 12,898.82 with a loss of – 0.03% percent or –3.64 point. The EURO Stoxx 50 Index are trading at 3,586.46 with a loss of –0.53% percent or –19.27 point.
TODAY’S FACTORS AND EVENTS
The dollar pulled away from seven-week highs on Wednesday, amid speculation that U.S. President Donald Trump’s choice for the next head of the Federal Reserve could be a less hawkish candidate than had previously been expected.
The greenback had reached its highest since mid-August against a basket of major currencies on Tuesday, driven by stronger economic data, as well as expectations for another Fed rate hike by the end of the year and a revival of the so-called “Trumpflation trade”.
But it fell on Wednesday, after a Politico report that Fed Governor Jerome Powell is favored over former governor Kevin Warsh by U.S. Treasury Secretary Steven Mnuchin. Both Warsh and Powell were interviewed at the White House last week.
PREVIOUS DAY ACTIVITY
U.S. market were higher on Tuesday. For the day the Dow Jones Industrial Average closed at 22,641.67 for up with +0.37% percent or +84.07 point. The S&P 500 closed at 2,534.58 for up with +0.22% percent or +5.46 point. The Nasdaq Composite closed at 6,531.71 for up with +0.23% percent or +15.00 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,511.97 for up with +0.17% percent or +2.49 point; the S&P 600 Small-Cap Index closed at 918.72 for up with +0.19% percent or +1.73 point; the S&P 400 Mid-Cap Index closed at 1,815.47 for up with +0.25% percent or +4.46 point; the S&P 100 Index closed at 1,119.35 for up with +0.23% percent or +2.61 point; the Russell 3000 Index closed at 1,506.01 for up with +0.22% percent or +3.38 point; the Russell 1000 Index closed at 1,405.94 for up with +0.23% percent or +3.22 point; and the Dow Jones U.S. Select Dividend Index closed at 22,641.67 for up with +0.37% percent or +84.07 point.