The U.S. Dollar Index is trading at 95.22 up with +0.09% percent or +0.08 point. The Dow Futures is trading at 25,868.00 up with +0.29% percent or +76.00 point. The S&P 500 Futures is trading at 2,883.75 up with +0.24% percent or +7.00 point. The Nasdaq Futures is trading at 7,523.75 up with +0.37% percent or +0.37% point.
TODAY’S FACTORS AND EVENTS
The dollar’s safe-haven appeal dimmed on Monday after risk sentiment in the broader markets improved following a well-received speech from Federal Reserve Chairman Jerome Powell.
At a closely watched symposium at Jackson Hole, Wyoming, the Fed chairman on Friday emphasized the central bank’s push to raise interest rates despite President Donald Trump’s recent criticism of higher borrowing costs.
Powell made the case that gradual rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control.
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,577.49 up with +0.19% percent or +14.27 point. France’s CAC 40 closed at 5,432.50 up with +0.24% percent or +13.18 point. Germany’s DAX closed at 12,394.52 up with +0.23% percent or +28.94 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,725.67 up with 0.50% percent or +8.62 point; the S&P 600 Small-Cap Index closed at 1,091.55 up with +0.35% percent or +3.85 point; the S&P 400 Mid-Cap Index closed at 2,035.10 up with +0.40% percent or +8.19 point; the S&P 100 Index closed at 1,272.43 up with +0.58% percent or +7.35 point; the Russell 3000 Index closed at 1,710.13 up with +0.62% percent or +10.60 point; the Russell 1000 Index closed at 1,595.73 up with +0.63% percent or +10.05 point;