The U.S. Dollar Index is trading at 96.82 with a loss of -0.59% percent or -0.58 point. The Dow Futures is trading at 28,268.00 up with +0.49% percent or +137.00 point. The S&P 500 Futures is trading at 3,181.88 up with +0.44% percent or +13.88 point. The Nasdaq Futures is trading at 8,513.00 with +0.56% percent or +47.75 point.
TODAY’S FACTORS AND EVENTS
The dollar fell more than half a percent on Friday, with global risk appetite boosted by the apparent clearing of two clouds that have been hanging over world markets — U.S.-China tariffs due on Dec. 15 and Britain’s election.
The U.S.-China trade war looked set to de-escalate after U.S. sources said Washington had set out its terms for a trade deal, offering to suspend some of the new wave of tariffs due on Sunday and to cut others.
The Japanese yen fell 0.3% and is approaching its lowest versus the dollar in more than six months as demand for the safe-haven currency went down.
The dollar index was down 0.6%.
After 17 months of market-moving comments from both the U.S. and China sides of the trade war, some uncertainty remains and traders will be waiting until the Dec. 15 deadline has passed before fully boosting risk appetite
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 28,132.05 up with +0.79% percent or +220.75 point. The S&P 500 is trading at 3,168.57 up with +0.86% percent or +26.94 point. The Nasdaq Composite is trading at 8,717.32 up with +0.73% percent or +63.27 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,644.81 up with +0.79% percent or +12.89 point; the S&P 600 Small-Cap Index closed at 1,009.59 up with +1.06% percent or +10.55 point; the S&P 400 Mid-Cap Index closed at 2,036.63 up with +1.04% percent or +20.88 point; the S&P 100 Index closed at 1,412.56 up with +0.84% percent or +11.73 point; the Russell 3000 Index closed at 1,856.28 up with +0.82% percent or +15.03 point; the Russell 1000 Index closed at 1,749.69 up with +0.82% or +14.20 point.