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Your Daily Market Brief
January 8, 2026
 
   
  Market Wrap: Stocks, Bonds, Commodities  
 
 
On Wednesday, both the S&P 500 (-23 points or 0.34% to 6,920) and the Dow Jones Industrial Average (-466 points or 0.94% to 48,996) retreated from their record closing levels.

Meanwhile, the Nasdaq 100 +14 points (+0.06%) to 25,653.

Intel (INTC) +6.44% after revealing it is working on a new gaming-related processor.

Major AI stocks also posted gains:

Alphabet (GOOGL) +2.43%

Nvidia (NVDA) +1.00%

Microsoft (MSFT) +1.04%

Stocks related to housing acquisition fell after U.S. President Donald Trump said he will ban institutional investors from buying single-family homes:

Blackstone (BX) -5.57%

BlackRcok (BLK) -3.34%

Defense contractors were pressured by President Trump’s criticizing their subpar delivery and maintenance practices:

Lockheed Martin (LMT) -4.82%

Northrop Grumman (NOC) -5.50%

The U.S. 10-year Treasury yield -1.9 basis points to 4.150%.

European stocks closed mixed:

DAX 40 +230 points (+0.92%) to 25,122

CAC 40 -3 points (-0.04%) to 8,233

FTSE 100 -74 points (-0.74%) to 10,048

Gold price -38 dollars to 4,456 dollars an ounce.

U.S. WTI crude futures -1.14 dollar (-2.00%) to 55.99 dollars a barrel.

Oil prices were down for a second session after President Trump said Venezuela will be turning over up to 50 million barrels of sanctioned oil to the U.S.
 
 
  Market Wrap: Forex  
 
 
The U.S. dollar index edged up to 98.72.

EUR/USD -10 pips to 1.1677.

Germany's retail sales fell 0.6% month on month in November (vs +0.4% expected, -0.3% in October).

USD/JPY +17 pips to 156.79.

GBP/USD -43 pips to 1.3457, AUD/USD -19 pips to 0.6717.

USD/CHF +21 pips to 0.7975.

USD/CAD +43 pips to a 1-month high at 1.3857. Canada's Ivey manufacturing index rose to an expansion reading of 51.9 in December.

Bitcoin pulled back nearly 3% to test support at the level of 91,000 dollars.
 
 
  Morning Trading  
 
 
In Asian trading hours, AUD/USD fell to 0.6711. Australia's trade surplus for November totaled 2.9 billion Australian dollars, below 3.8 billion Australian dollars estimated.

Meanwhile, EUR/USD was little changed at 1.1680 while GBP/USD remained subdued at 1.3458.

USD/JPY was steady at 156.80.

Gold dropped to 4,440 dollars.

Bitcoin slipped to 90,935 dollars.
 
 
  Expected Today  
 
 
The eurozone's producer price index is expected to be down 1.8% year-on-year in November, while jobless rate is anticipated to be steady at 6.4%.

Germany's factory orders are estimated to drop 0.6% month-on-month in November.

In the U.S., weekly initial jobless claims are estimated at 205,000.
 
 
 
 
Web TV from Trading Central
 
 
 
EUR/USD Intraday: Downside Prevails
 
From an intraday point of view, EUR/USD stays on the downside.
 
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