US PRE MARKET
The US Dollar Index are trading at 93.42 with a loss of -0.32% percent or -0.30 point. The cac 40 index are trading at 5,365.30 with a loss of –0.01% percent or –0.53 point . The DAX Index are trading at 12,966.67 with a loss of –0.07% percent or –9.73 point. The EURO Stoxx 50 Index are trading at 3,604.26 with a loss of –0.17% percent or –6.24 point
TODAY’S FACTORS AND EVENTS
The dollar edged higher against a basket of currencies on monday as investors consolidated positions after a recent rise, with minutes from the European Central Bank’s latest meeting likely to be the key event of the day.
Despite a raft of dollar positive news in recent days ranging from positive economic data to potential U.S. tax reforms, the greenback has gained less than 3 percent over the last month against a broad basket of currencies.
Gavekal strategists said any major U.S. tax reform or significant changes in Chinese policy at the upcoming party Congress in Beijing after it cut reserve requirements over the weekend, could be the catalyst for more dollar gains.
PREVIOUS DAY ACTIVITY
U.S. market were lower on Monday. For the day the Dow Jones Industrial Average closed at 22,761.07 with a loss of –0.06% percent or –12.60 point. The S&P 500 closed at 2,544.73 with a loss of –0.18% percent or –4.60 point. The Nasdaq Composite closed at 6,579.73 with –0.16% percent or –10.45 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,503.56 with a loss of -0.44% percent or -6.66 point; the S&P 600 Small-Cap Index closed at 910.72 with a loss of –0.48% percent or – 4.38 point; the S&P 400 Mid-Cap Index closed at 1,813.17 with a loss of –0.29% percent or –5.26 point; the S&P 100 Index closed at 1,123.61 with a loss of –0.13% percent or –1.42 point; the Russell 3000 Index closed at 1,510.49 with a loss of –0.21% percent or –3.19 point; the Russell 1000 Index closed at 1,411.14 with a loss of –0.19% percent or –2.71 point; and the Dow Jones U.S. Select Dividend Index closed at 22,761.07 with a loss of –0.06% percent or –12.60 point.