US PRE MARKET
The US Dollar Index are trading at 89.11 with a loss of -0.18% percent or -0.16 point. The cac 40 index are trading at 5,507.18 for up with +0.22%percent or +12.03 point . The DAX Index are trading at 13,389.84 with a loss of -0.19% percent or -24.90 point. The EURO Stoxx 50 Index are trading at 3,648.93 for up with +0.16% percent or +0.16% point.
TODAY’S FACTORS AND EVENTS
The dollar skidded to a three-year low against its peers on Thursday after caving on comments by U.S. Treasury Secretary Steven Mnuchin that he welcomed a weaker currency, while the euro was firm ahead of the European Central Bank’s policy decision.
The single currency extended its overnight rally to $1.2425, up 0.15 percent and going as high as $1.2428, its strongest since December 2014.
The dollar slumped after Mnuchin told the World Economic Forum in Davos on Wednesday that “obviously a weaker dollar is good for us as it relates to trade and opportunities.” His comments were seen by markets as a departure from traditional U.S. currency policy.
PREVIOUS DAY ACTIVITY
U.S. market were mixed on Wednesday. For the day the Dow Jones Industrial Average closed at 26,252.12 for up with +0.16% percent or +41.31 point. The S&P 500 closed at 2,837.54 with a loss of -0.06% percent or -1.59 point. The Nasdaq Composite closed at 7,415.06 with a loss of -0.61% percent or -45.23 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,599.61 with a loss of -0.69% percent or -11.09 point; the S&P 600 Small-Cap Index closed at 972.96 with a loss of -0.64% percent or -6.23 point; the S&P 400 Mid-Cap Index closed at 1,987.74 with a loss of -0.31% percent or -6.14 point; the S&P 100 Index closed at 1,256.54 with a loss of -0.07% percent or -0.94 point; the Russell 3000 Index closed at 1,675.52 with a loss of -0.13% percent or -2.19 point; the Russell 1000 Index closed at 1,570.69 with a loss of -0.09% percent or -1.34 point; and the Dow Jones U.S. Select Dividend Index closed at 26,252.12 for up with +0.16% percent or +41.31 point.