Equities pause after fresh records - 9.2.2021

The Dollar weakening is intact currently . The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.04% Monday.

GBP/USD continued retreating Monday while EUR/USD continued climbing despite Destatis report Germany’s industrial production was unchanged in December, weaker than the 0.3% gain forecast. Both Euro and Pound are higher currently against the Dollar. AUD/USD’s climbing slowed yesterday while USD/JPY continued sliding with the dynamics intact for both pairs currently.

Futures on three main US stock indexes are marginally lower currently after ending at all time highs Monday as Treasury Secretary Janet Yellen said the United States could return to full employment next year if Congress approves the president’s $1.9 trillion fiscal aid package. The three US main stock benchmarks recorded gains ranging from 0.7% to 1.0% led by energy shares as analysts estimate the SP 500 aggregate fourth quarter earnings will come in 2.4% higher over year.

European stock indexes are down currently after ending higher yesterday. Asian indexes are mostly advancing today with Australia’s All Ordinaries ASX 200 Index leading losses despite National Australia Bank report Australian businesses are feeling more confident in January.