Global equities down while SP500 booked new record after Fed's minutes - 8.7.2021

The Dollar strengthening has halted currently ahead of the US Labor Department report at 14:30 CET expected to show 345 thousand Americans sought unemployment benefits over the last week, down from 364 thousand the previous week. 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, added 0.2% Wednesday.

Both EUR/USD and GBP/USD continued sliding on Wednesday after Destatis report German industrial production continued to contract at steady rate 0.3% over month in May. Euro is higher against the Dollar currently while Pound is lower still. AUD/USD continued its sliding on Wednesday while USD/JPY continued its climbing with Australian dollar lower against the Greenback currently but yen higher.

The US stock index futures are down currently with the 10-year US Treasuries yields down at 1.306%. The three main US stock indexes booked gains ranging from 0.01% to 0.34% Wednesday with the Fed minutes not providing clues on when the central bank plans to start tapering bond purchases.

European stock indexes are retreating currently after ending higher Wednesday with basic resources shares leading gains. The European Central Bank will publish results of its strategy review later today and President Christine Lagarde is due to speak at a news conference. Asian stock indexes are down today with Hong Kong’s Hang Seng Index leading losses with tech shares under pressure from sweeping Chinese regulatory scrutiny.