Investors only had eyes for the 4.8 million rise in US nonfarm jobs last month, although the average earnings slipped 1.2% versus -0.8% expected by analysts and the jobless claims remained close to the 20 million mark...
In the FX, the US dollar remained near the 97 level and the US 10-year yield steadied below the 0.70% mark. The EURUSD sees a decent support from dip buyers below 1.12, but has difficulty gathering extra momentum above the 1.1250 mark...
US indices finished mostly higher on Wednesday on promising Covid vaccine trial from Pfizer and BioNTech, that maintained the hope of having a vaccine by January and dashed worries regarding the mounting new infection cases in the US. Tech stocks hit another record. The S&P500 advanced 0...
Activity in European futures hint at a flat open on Wednesday, as investors look for strong PMI prints, ideally above the 50-expansion mark for June...
The US indices extended their advance, as investors chose to concentrate on improving and mostly better than expected economic data rather than the alarming rise in Covid-19 cases in the US and warnings that the situation may be getting out of control...
A robust 44% rebound in US pending home sales has been the major driver of gains in US equities on Monday. The data wiped out the Covid-19 concerns, pushing the Dow 2.32% up. The S&P500 gained 1.47% as Nasdaq ended the session 1.20% higher...
In the FX, the US dollar eased against most of its G10 counterparts and demand in yen, Swiss franc and US treasuries rose. The US 10-year yield retreated to 0.64...
Asian stock markets slipped at the weekly open, following a deeply red close in New York after the rising worries of a second wave contagion took a toll on investment sentiment. This time Nasdaq suffered as much as its peers, as the Facebook shares dived 8...
Still, shares in Hong Kong (-0.57%) ticked lower, but gains were dominant elsewhere. The ASX 200 and Nikkei advanced 1.55% and 1.40% respectively, as Kospi gained 1.17...
The intense expectation of more fiscal and monetary stimulus wouldn’t let a downside correction develop healthily despite the continuous flow of news getting from bad to worse...
Gold is down after a peak to $1780 per oz on Wednesday, as investors simultaneously liquidate their gold holdings along with their risky positions...
Persistent bad news on coronavirus cases and mounting trade tensions on White House’s plans to impose $3.1 new tariffs on European and British imports battered the market mood and brought investors to realize profits and walk away...
Mounting anxiety that the second wave contagion would dent the pace of business reopening and the massive fiscal, monetary stimuli are a sweet blend for technology stocks. Nasdaq (+0...
The EURUSD rebounded a touch above 1.1160, the critical Fibonacci support, and extended gains to 1.1280 in Asia. Technically, the pair remains in the mid-term bullish trend above this level. Cable tested the 1.25 offers after having dipped at 1.2335 on Monday...
There is not much happening in the markets. News that new coronavirus cases continue surging, especially in South America, continues to be a cause for concern, which firms demand in technology stocks. There is decreased appetite for cyclical sectors, such as financials and energy...
Demand in US treasuries and the dollar remains firm as we see a pause in the rising trend across the global equity indices. The US 10-year yield stands below the 0.70% mark. The yen and the Swiss franc continue collecting the safe haven inflows...
Markets kicked off the week on a mixed note, as investors couldn’t decide on where to go next as two major opposite forces muddle the sentiment at the moment: the rise in new coronavirus cases and the massive monetary and fiscal interventions...
The strong US dollar gains strength against most currencies, except the yen and the Swiss franc as de-risking continues. Gold remains stoic faced with the lack of clarity in market direction...
Asian stocks are set to close the week on a positive note, after having swung between hope of post-Covid recovery and fear of a second wave contamination this week. US equities were mostly flat on Thursday...
