Markets depressed as Evergrande concerns weigh - 4.10.2021

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, slid 0.3% on Friday despite US Bureau of Economic Analysis report showing inflation continued to inch higher in August.

EUR/USD joined GBP/USD continuing climbing Friday as the European Central Bank reported the euro zone inflation in September rose 3.4% on an annual basis, up from 3% in August. Euro is higher against the Dollar currently while Pound is lower. USD/JPY continued its sliding Friday while AUD/USD continued its advancing with the Australian dollar higher against the Greenback currently and yen lower.

Futures on US equity benchmarks are down currently ahead of factory orders report due at 14:30 CET today. The Wall Street rebounded Friday as US economic data showed higher inflation, along with increased consumer spending and accelerating factory activity: the three main US stock benchmarks recorded daily gains ranging from 0.82% to 1.43%.

European stock indexes are down currently after ending lower on Friday led by mining shares. Asian indexes are mostly retreating today with markets in the Chinese mainland closed until Thursday. Hong Kong’s Hang Seng Index is leading losses amid concerns over growing risk that Evergrande’s default crisis may spread to the entire Chinese property sector.