US PRE MARKET
The US Dollar Index are trading at 90.10 for up with +0.12% percent or + 0.11 point. The cac 40 index are trading at 5,136.86 for up with +0.01% percent or +0.28 point . The DAX Index are trading at 30.07 for up with +0.37% percent or +0.11 point. The EURO Stoxx 50 Index are trading at 3,322.78 with a loss of -0.06% percent or -1.97 point.
TODAY’S FACTORS AND EVENTS
The U.S. dollar fell against most currencies on Monday, dropping to its lowest in more than two years against the yen, as President Donald Trump’s proposal to impose hefty tariffs on steel and aluminum imports raised prospects of a trade war that could prove damaging to the U.S. economy.
Friday’s sell-off came just as the dollar had risen to multi-week highs on the back of strong data and an upbeat view on the economy from Federal Reserve Chairman Jerome Powell, which reinforced expectations of three or more interest rate hikes this year.
“The (tariff) move risked triggering a global trade war and could have significant unintended consequences for the U.S. economy,” said Joe Manimbo, senior market analyst, at Western Union Business Solutions in Washington
PREVIOUS DAY ACTIVITY
U.S. market were Mixed on Friday. For the day the Dow Jones Industrial Average closed at 24,538.06 with a loss of -0.29% percent or -70.92 point. The S&P 500 closed at 2,691.25 for up with +0.51% percent or +13.58 point. The Nasdaq Composite closed at 7,257.87 for up with +1.08% percent or +77.31 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,533.17 for up with +1.71% percent or +25.78 point; the S&P 600 Small-Cap Index closed at 932.68 for up with +1.69% percent or +15.54 point; the S&P 400 Mid-Cap Index closed at 1,878.61 for up with +1.10% percent or +20.52 point; the S&P 100 Index closed at 1,189.04 for up with +0.38% percent or +4.50 point; the Russell 3000 Index closed at 1,591.38 for up with +0.65% percent or +10.21 point; the Russell 1000 Index closed at 1,490.72 for up with +0.56% percent or +8.31 point; and the Dow Jones U.S. Select Dividend Index closed at 24,538.06 with a loss of -0.29% percent or -70.92 point.