Market Overview

7 August 2020 15:21

Frederico Aragao Morais

Today, market sentiment is one of risk aversion. European stocks face another cautious session with rising US-China tensions and no progress in negotiations on the new US stimulus package. The Dollar regains some of the ground lost on Thursday, with the currency's DXY index trading again above 93.00. Traders are likely to take a cautious approach to currency risk ahead of the US-China trade talks on 15 August.
7 August 2020 11:59

Lysakov Sergey

The Nasdaq 100 futures for the U.S. hi-tech sector composite index reached a new all-time high again last night. This time the quotes touched the 11290 points area after the previous high around 11155 just on Tuesday. While many experts from various investment funds are continuing to talk on whether a "V-shape" recovery would take place, or maybe not, in the U.S. or global economy, major U.S. financial indexes have finished drawing their right half of the same "V-letter" on charts.
6 August 2020 15:19

Frederico Aragao Morais

Today, the market sentiment is one of risk aversion. There are no signs of progress in the negotiations on the aid plan for the coronavirus in the United States, and US Secretary of State Mike Pompeo said the White House could ban other Chinese applications that it considers to jeopardise the country's national security. The Dollar traded on the defensive during the Asian session on Thursday, as investor optimism about the approval of new fiscal stimulus in Washington seemed to decline, which reduces the currency's attractiveness.
6 August 2020 13:06

Lysakov Sergey

The U.S. corporate earnings for the second quarter of 2020 were expected to drop 33.8% compared to the similar period a year ago, according to preliminary figures by Refinitiv, a global provider of financial market data jointly owned by Blackstone Group and Thomson Reuters. But the same Refinitiv calculated that 82.1% of companies have reported above analyst expectations, at least among 312 companies in the S&P 500 broad market list that reported their financial results before July 31.
5 August 2020 13:28

Lysakov Sergey

The major European stocks started higher today and are continuing to hold the gains, thanks to the successful recovery of initial losses by the end of all trading sessions on Tuesday, and also because of the fresh summer record for the U.S. broad market S&P500 index futures above 3325, where it stood on midday Wednesday. Some positive earning reports in Europe fuelled the movement as even the travel and leisure sectors, which are considered to be the most exposed to the corona-related restrictions, led the morning surge.
5 August 2020 09:41

Mark Goichmann

Low inflation in developed economies have become a curse since the Great financial crisis of 2008. It discourages producers, as inconsiderable rise of prices means low demand and difficulties in sales. Thus, the growth of the economy is also under threat. Developed economies have been struggling for several years to meet the inflation target of two % and yet have hardly succeeded in it. Many quantitive easing programs and lowering interest rates throughout the globe have been tailored to meet this ultimate goal. Such efforts were made consistently by the U.S.
5 August 2020 00:00

Frederico Aragao Morais

Today, market sentiment is an appetite for risk. News that the United States and China will meet to discuss trade and expectations of progress in negotiations in Washington over a stimulus package are driving the current positive sentiment in the market. The dollar retreated in the Asian session on Wednesday, following up on the previous day's losses, with more bets that the US Federal Reserve will ease monetary policy further and with investors attentive to negotiations in the US Congress on new fiscal stimulus.
4 August 2020 15:15

Frederico Aragao Morais

Today, market sentiment is relatively mixed. Democratic leaders and White House officials seem cautiously optimistic after another round of talks on Monday about the new coronavirus aid package, under increasing pressure to reach an agreement since millions of Americans are living without the $600 a week unemployment benefit supplement, and U.S. President Donald Trump has launched potential executive measures. The Dollar gained ground on the Yen this Tuesday in Asia, after robust economic data has increased risk appetite by putting the Yen under pressure as a safe asset.
4 August 2020 12:04

Lysakov Sergey

Today seems to be like a nice day for a short lull in the market battle, as only the Business Condition survey among firms in the New York City area is going to be published during today's trading session. There are no more noticeable macro reports that could be highly appreciated by the investment community. The Johnson's Redbook Index will come later, which is just same-store sale figures in a sample of large U.S. merchandise retailers representing about 9,000 stores.
3 August 2020 15:09

Frederico Aragao Morais

Today's market sentiment is of an appetite for risk. Good manufacturing and service data across Europe and China are fueling hope for a faster-than-expected recovery. European equities and U.S. futures continue to rise this Monday, before another week of results as discussions continue over a US pandemic relief package. Yields of US Treasurys fell on Friday, registering a weekly and monthly fall due to fears over the economic consequences for the global economy of the coronavirus.
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