Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Indices are set to post weekly losses as the dollar continues to attract

Indices are set to report a week of losses as the US dollar winning streak continues, the longest for 15 months. The greenback benefits from the economic situation in the US, which points to high rates for longer.

Video poster image

US indices

Indices are set to report a week of losses as the USD winning streak continues, the longest for 15 months. The greenback benefits from the economic situation in the US, which points to high rates for longer, economic difficulties also act as support for the dollar as the market looks for safety.

Evergrande group

In China, the world's most heavily indebted property developer, Evergrande has filed for bankruptcy protection in a Manhattan court. Evergrande, once China's top property developer, was found in 2021 to be struggling with more than $300 billion in liabilities as government officials tightened scrutiny on the real estate sector. Its liquidity crisis soon made it a symbol of the country's property sector woes.

Japanese economy

There's been a bit of relief for the Japanese yen; it's up for a second day after Japan's inflation rate remained at 3.3%. Economists had been expecting consumer price index (CPI) to drop to 2.5%. Last month, when inflation rose to 3.3% in June, it was the first time in eight years it outpaced the US figure, underscoring how Asia's most advanced economy is no longer an outlier in global inflation.

Core inflation came in line with expectations at 3.1%. Ex-food and energy, the so-called "core-core' inflation, the indicator favoured by the Bank of Japan (BOJ), climbed back up to 4.3%, a four-decade high it first reached in May.

UK retail sale

In the UK, retail sales fell more than expected in July. -1.2% month-over-month (MoM). Economists expected a 0.5% drop. On an annual basis, retail sales fell 3.2%.

Digital assets

Coinbase was one of the big losers on Wall Street in all sessions. It comes as the slide in Bitcoin continues. The FT reports that the sell-off coincided with a report in The Wall Street Journal stating that Elon Musk's privately held Spacex venture had written down the value of its bitcoin holdings by $373 million in the past two years and had sold the cryptocurrency.

Digital asset traders have kept close tabs on Musk since 2021's exposure to cryptocurrencies, when his electric-car company Tesla briefly accepted payments in Bitcoin.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.