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Markets advance ahead of US inflation report - 12.8.2025

Markets advance ahead of US inflation report
Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles:1070

Todays’ Market Summary

  • The Dollar weakening has halted
  • Futures on three main US stock indexes are up
  • Brent is inching higher currently.
  • Gold prices have halted their retreating today

Top daily news

Global equity indexes are trading mostly up currently ahead of July US inflation report at 14:30 CET today. Wall Street dipped on Monday. Apple shares slumped 0.95% underperforming market amid reports a class action lawsuit against Apple and several of its senior executives has been filed alleging Apple publicly promoted Siri’s enhanced AI integration as if it were ready for deployment during the upcoming product cycle while the company lacked a functional prototype of these features and understated the time needed to integrate them into its devices, Tesla rose 2.19% on Monday on rising Model Y demand indications as evidenced by Tesla's order backlog data showing Model Y wait times have stretched to four-to-six weeks, up from one-to-three earlier this summer.

Forex news

Currency PairChange
EUR/USD +0.1%
GBP/USD +0.1%
USD/JPY +0.1%
AUD/USD -0.1%

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.  

Stock Market news

IndicesChange
DJIA +0.2%
Japan 225 +0.9%
Hang Seng +0.6%
Australia 200 +0.5%

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.

Commodity Market news

CommoditiesChange
Brent +0.1%
Light Weight Crude Oil +0.1%

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.

Gold Market News

MetalsChange
Gold vs. USD +0.1%

Gold prices have halted their retreating today . Spot gold accelerated its sliding yesterday: the price tumbled 1.62% to $3342.66 an ounce on Monday as president Trump wrote in a Truth Social post that gold would not face additional US tariffs after a customs letter that was made public last week said gold bars at two weights – 1kg and 2.8kg – should be classified as subject to duties.

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