The U.S. Dollar Index is trading at 97.07 up with +0.06% percent or +0.06 point. The Dow Futures is trading at 26,056.00 with a loss of -0.23% percent or -61.00 point. The S&P 500 Futures is trading at 2,883.88 with a loss of -0.37% percent or -10.62 point. The Nasdaq Futures is trading at 7,457.50 with a loss of -0.87% percent or -65.25 point.
TODAY’S FACTORS AND EVENTS
Bond futures imply a 66% probability the Reserve Bank of Australia will follow up its recent quarter-point easing with another in July. If not, a reduction to 1% is considered certain by August.
Markets were also raising bets of a rate cut by the Reserve Bank of New Zealand.
“Rising interest rate cut expectations thanks to weak data has fuelled weakness in the Australian dollar with trade tensions also weighing on demand,” said Manuel Oliveri, an FX strategist at Credit Agricole in London.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,106.77 up with +0.39% percent or +101.94 point. The S&P 500 is trading at 2,891.64 up with +0.41%percent or +11.80 point. The Nasdaq Composite is trading at 7,837.13 up with +0.57% percent or +44.41 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,535.80 up with +1.05% percent or +16.01 point; the S&P 600 Small-Cap Index closed at 932.22 up with +1.13% percent or +10.39 point; the S&P 400 Mid-Cap Index closed at 1,912.45 up with +0.56% percent or +10.73 point; the S&P 100 Index closed at 1,275.45 up with +0.40% percent or +5.06 point; the Russell 3000 Index closed at 1,701.40 up with +0.47% percent or +7.88 point; the Russell 1000 Index closed at 1,601.57 up with +0.42% or +6.73 point.