Dollar Index has moved lower but held on to the 95 handle while the Euro has
emerged as one of the stronger G10 currencies behind the Canadian Dollar.
European cash equity markets are mixed at the closing bell with most bourses subject to some modest selling pressure this afternoon (FTSE 0.0%, DAX -0.1%, CAC -0.1%, FTSEMIB -0.2%, IBEX +0.5%). US cash equity markets are mixed at the closing bell (DJIA +0.4%, S&P -0.1%, NASDAQ -0.7%).
The rising threat of a global trade war sent European cash equity markets spiralling lower with the German DAX the worst performer (FTSE 0.0%, DAX -1.2%, CAC -0.4%, FTSE MIB +0.2%). US cash equity markets fell to new lows this afternoon amid the growing prospect of a global trade war (DJIA -1.0%, S&P -0.7%, NASDAQ -0.3%).
Risk sentiment soured in the latter stages of today’s European session after US President Trump pulled out of the upcoming North Korean summit. Citing recent hostility, he said the meeting would be inappropriate. US cash equity markets moved off their worst levels this afternoon (DJIA -0.3%, S&P -0.2%, NASDAQ 0.0%).
European cash equity markets are broadly lower at the closing bell (FTSE -0.6%, DAX +0.8%, CAC +0.6%). US cash equity markets are little changed at the closing bell having recovered off their worst levels this afternoon (DJIA 0.0%, S&P -0.2%, NASDAQ -0.2%).