US PRE MARKET
The US Dollar Index are trading at 89.56 for up with +0.16% percent or +0.14 point. The cac 40 index are trading at 5,161.63 with a loss of -0.17% percent or -8.59 point . The DAX Index are trading at 12,073.30 with a loss of -0.33% percent or -40.57 point. The EURO Stoxx 50 Index are trading at 3,349.66 with a loss of -0.24% percent or -8.20 point.
TODAY’S FACTORS AND EVENTS
The dollar extended its latest retreat in Asia on Wednesday after a key advocate for free trade in the White House announced his resignation, fanning fears President Donald Trump would go ahead with tariffs and risk a trade war.
The dollar quickly dropped to 105.67 yen, from around 106.10, after the White House said economic adviser Gary Cohn was leaving.
Cohn is a former Wall Street banker who became a bulwark against protectionist forces within the Trump administration and dealers feared his leaving would embolden the tariff hawks.
PREVIOUS DAY ACTIVITY
U.S. market were higher on Tuesday. For the day the Dow Jones Industrial Average closed at 24,884.12 for up with +0.04% percent or +9.36 point. The S&P 500 closed at 2,728.12 for up with +0.26% percent or +7.18 point. The Nasdaq Composite closed at 7,372.01 for up with +0.56% percent or +41.30 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,562.20 for up with +1.04% percent or +16.16 point; the S&P 600 Small-Cap Index closed at 949.83 for up with +1.10% percent or +10.37 point; the S&P 400 Mid-Cap Index closed at 1,916.99 for up with +1.02% percent or +19.32 point; the S&P 100 Index closed at 1,202.54 for up with +0.05% percent or +0.65 point; the Russell 3000 Index closed at 1,614.57 for up with +0.37% percent or +5.96 point; the Russell 1000 Index closed at 1,511.92 for up with +0.32% percent or +4.76 point; and the Dow Jones U.S. Select Dividend Index closed at 24,884.12 for up with +0.04% percent or +9.36 point.