Markets trade cautiously ahead of US inflation report - 14.9.2021

The Dollar strengthening has halted 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 less than 0.1% on Monday.

GBP/USD reversed its sliding Monday while EUR/USD continued retreating despite federal statistics office Destatis report German whole prices inflation continued accelerating in August. Both Pound and Euro are higher against the Dollar currently. AUD/USD reversed its sliding Monday while USD/JPY continued advancing with both the Australian dollar lower against the Greenback currently while yen is higher.

Futures on three main US stock indexes are up currently ahead of the Bureau of Labor Statistics consumer inflation data at 14:30 CET today expected to show inflation ticked down in August. The three major Wall Street stock benchmarks ended mixed Monday, recording daily returns in the range of -0.1% to +0.8%.

European stock indexes are down currently after ending higher Monday with oil and gas shares leading gains. Asian indexes are mixed today with Hong Kong’s Heng Seng Index leading losses as China Evergrande Group slumped to lowest prices since 2014 after the real estate developer said it had appointed financial advisers to examine its capital structure.