News

Monday morning, European stocks and dollar status for the day

  • 02 August, 2021
  • 10:50 am EEST

Market news

As the market shifts to a more risk-on outlook, the day is off to a good start. As European trading begins, futures in the United States are also up 0.5%.

Stocks make up for Friday’s losses:
  • UK FTSE 100 up 1%
  • Euro STOXX 50 up 0.9%
  • Euro STOXX 600 up 0.7%
  • German DAX up 0.6%
  • France CAC up 0.8%
  • Spain IBEX up 0.9%
  • Italy MIB up 0.7%

Meanwhile, 10-year Treasury yields are holding steady at 1.237 percent, indicating that the market is calming down. After a flat start, the dollar is presently somewhat weaker, but the general ranges among major currencies remain limited for the time being.

 
Dollar Status:

The dollar is mildly softer across the board as we see some extension to the tight ranges for the day with:

  • EUR/USD moving up to 1.1885 and GBP/USD up to 1.3930.
  • AUD/USD is up 0.1% to 0.7355 from 0.7345 earlier
  • USD/CAD is down 0.1% to 1.2458 from 1.2470 at the tail-end of Asia Pacific trading.
  • EUR/USD moving up to 1.1885
  • GBP/USD up to 1.3930.

 

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