Stocks down after Wall Street ended down - 8.26

The Dollar is steady 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, ended 0.7% higher on Monday.

Both GBP/USD and EUR/USD reversed their climbing yesterday despite data from German economic institute Ifo showing that the country’s business climate rose once more in August, reaching its highest level in over a year. Both Pound and euro are little changed against the dollar currently. USD/JPY reversed its sliding while AUD/USD reversed its climbing on Monday with both the yen and Australian dollar lower against the Greenback currently.  

Futures on three main US stock indexes are down currently. The yield on 10-year Treasury is up at 4.300%. US stock market ended down on Monday with the three main stock benchmarks recording daily losses in the range from -0.8% to -0.2% while president Trump said the US government was taking a stake in Intel and he would make other deals with chipmakers similar to the one with Intel.

European stock indexes futures are retreating currently after indexes closed lower on Monday while France’s prime minister Francois Bayrou announced he would be seeking a confidence vote in parliament next month over the government’s budget plans. Asian indexes futures are mostly retreating currently with Japan’s Nikkei leading losses after president Trump released a letter on Truth Social announcing removal of Federal Reserve Governor Lisa Cook, effective immediately, alleging that she made false statements in two mortgage applications.

Brent is retracing lower currently. Oil prices ended higher yesterday as traders anticipated more US sanctions on Russian oil and Ukrainian attacks on Russian energy infrastructure after president Trump said again on Friday that he would impose sanctions on Russia if there was no progress toward a peaceful settlement in Ukraine in two weeks. US West Texas Intermediate WTI added 1.8% but are lower currently. Brent rose 1.6% to $68.80 a barrel on Monday.