Markets trade mixed after Wall Street sets more records - 9.11.2021

The Dollar weakening has not ceased 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, lost 0.2% on Monday as Federal Reserve officials on Monday expressed their concerns about possibility of more persistent inflation than previously expected but were divided on the timing of a rate increase.

GBP/USD joined EUR/USD’s continued advancing Monday as Sentix reported euro zone investors sentiment improved in November. Both euro and Pound are higher against the Dollar currently. USD/JPY continued retreating while AUD/USD reversed its sliding Monday. Both the Australian dollar and yen are higher against the Greenback currently.

Futures on three main US stock indexes are down currently ahead of US producer prices report at 14:30 CET today. Stocks edged higher Monday and the three major Wall Street stock benchmarks notched fresh records, booking daily gains in the range of 0.1% to 0.3% that were limited by slumping Tesla shares.

European stock indexes are down currently after ending higher Monday led by basic resources shares. Asian indexes are mixed today with Nikkei leading losses despite report Japan's service sector sentiment index in October rose to its highest level in nearly eight years.

Brent is edging lower currently ahead of data from the American Petroleum Institute later today. Prices closed higher Monday after data showed over the weekend China’s export growth beat forecasts albeit slowed in October. US West Texas Intermediate WTI rose 0.84% but is lower currently. Brent gained 0.83% to $83.44 a barrel on Monday.