US stocks open slightly higher, awaits Friday's jobs data for fresh impetus

Amid cautious investor sentiment on persistent worries over the financial health of Deutsche Bank, major US equity indices opened with mild gains on Tuesday.

At the time of reporting, the Dow Jones Industrial Average rose 36 points to 18,290 while the broader index, S&P 500, inched up 3 points to 2,165. Meanwhile, tech-heavy Nasdaq composite climbed 15 points to 5,316.

Apart from Deutsche Bank worries, concerns over UK's decision to end its membership with the European Union also seems to be weighing on investor sentiment and has led to a relatively quieter trading session that lacks any fresh economic data. 

Market participants now look forward to one of the most important economic indicators from the US, non-farm payrolls data for the month of September, which has the potential to infuse a fresh bout of volatility across global financial markets.

In other markets, UK's FTSE move above 7K mark for the first time since May 2015 as plummeting British Pound is seen benefitting multinational companies. The GBP/USD pair extended its sharp slide and dropped its lowest level since 1985. Meanwhile, the US Dollar extended its overnight gains and is weighing heavily on dollar-denominated commodities - like gold, which has now decisively broken below $1300 psychological mark.

 

GBP/USD hovers near 31-year lows

  GBP/USD fell sharply on Tuesday, extending previous day’s losses and hit its lowest level since 1985, weighed by renewed Brexit concerns after UK
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