US PRE MARKET
The US Dollar Index are trading at 93.41 with a loss of -0.05% percent or -0.04 point. The cac 40 index are trading at 5,372.45 with a loss of -0.20% percent or -10.67 point . The DAX Index are trading at 13,204.80 with a loss of –0.08% percent or –11.99 point. The EURO Stoxx 50 Index are trading at 3,572.62 with a loss of -0.27% percent or –9.60 point.
TODAY’S FACTORS AND EVENTS
The dollar was supported on Wednesday by expectations of a U.S. tax overhaul while a sharp rise in German bond yields helped to underpin the euro.
The House of Representatives approved the biggest U.S. tax overhaul in 30 years on Tuesday, though Congressional Republicans will likely need to hold another vote later on Wednesday because of procedural issues.
The dollar edged up 0.1 percent to 112.95 yen, having pulled away from Friday’s low of 112.035, with last week’s high of 113.75 seen as its next target.
PREVIOUS DAY ACTIVITY
U.S. market were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 24,754.75 with a loss of –0.15% percent or –37.45 point. The S&P 500 closed at 2,681.47 with a loss of –0.32% percent or –8.69 point. The Nasdaq Composite closed at 6,963.85 with a loss of –0.44%percent or –30.91 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,536.75 with a loss of -0.79% percent or -12.17 point; the S&P 600 Small-Cap Index closed at 936.62 with a loss of -0.90% percent or -8.50 point; the S&P 400 Mid-Cap Index closed at 1,897.03 with a loss of –0.43% percent or –8.27 point; the S&P 100 Index closed at 1,188.29 with a loss of -0.33% percent or -3.93 point; the Russell 3000 Index closed at 1,586.16 with a loss of –0.36% percent or –5.80 point; the Russell 1000 Index closed at 1,485.15 with a lossof -0.33% percent or -4.91 point; and the Dow Jones U.S. Select Dividend Index closed at 24,754.75 with a loss of –0.15% percent or –37.45 point.