Markets advance ahead of US inflation report - 12.8.2025

The Dollar weakening 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, ended 0.25% higher on Monday.

GBP/USD joined EUR/USD’s continued sliding yesterday. Both Pound and euro are higher against the dollar currently. USD/JPY slowed its advancing while AUD/USD reversed its climbing on Monday with both the yen and Australian dollar lower against the Greenback currently as the Reserve Bank of Australia lowered its interest rates by 25 basis points to 3.60% in line with expectations.  

Futures on three main US stock indexes are up currently. The yield on 10-year Treasury is down at 4.280%. US stock market ended down on Monday with the three main stock benchmarks recording daily gains in the range from -0.45% to -0.25% despite reports president Trump was delaying the reimposition of higher tit-for-tat tariffs on Chinese products for 90 days.

European stock indexes futures are rising currently after indexes closed marginally lower on Monday while German government spokesperson said that European leaders will hold a virtual meeting with Trump ahead of the August 12 summit between the US and Russia on the war in Ukraine. Asian indexes futures are mostly rising currently with Japan’s Nikkei leading gains buoyed by tech shares.

Brent is inching higher currently. Oil prices ended mixed yesterday as president Trump said both Ukraine and Russia would have to cede land to each other to end the war. US West Texas Intermediate WTI slipped 0.13% but are higher currently. Brent added 0.06% to $66.63 a barrel on Monday.