• Latest
  • Trending
  • All
Markets hit by rising tensions between the United States and China

Markets hit by rising tensions between the United States and China

May 4, 2020 16:15
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Tuesday, February 7, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Markets hit by rising tensions between the United States and China

Markets hit by rising tensions between the United States and China

Global stocks are lower nearly across the board, euro eases back from highs

by Stephen Soo
May 4, 2020 16:15
in Fundamental analysis
0
Markets hit by rising tensions between the United States and China

Asian stocks dipped on Monday as investor sentiment has deteriorated at the start of the trading week amid rising tensions between the United States and China. Last week, President Donald Trump threatened to impose new tariffs against China to punish the country for allegedly downplaying the severity of the coronavirus. Hong Kong’s Hang Seng index tumbled 3.7%, South Korea’s Kospi fell 1.8% while Australia’s S&P/ASX 200 edged up 0.4%. Markets in Japan and China were closed for holidays.

In Europe, the sell-off continued as investors were digesting the US-China tensions. US Secretary of State Mike Pompeo said on Sunday there was enormous evidence that the coronavirus pandemic originated in a lab in the city of Wuhan. Now, the US is weighing the possibility of imposing fresh tariffs on China, with the Trump administration looking to remove global supply chains from the country. As a result, the German DAX 30 dropped 3.7%, the French CAC 40 fell 4.28%, and the U.K. FTSE 100 eased 0.28%.

Wall Street futures followed suit amid a fresh spat between Washington and Beijing. Shares of the top four U.S. airlines dropped Berkshire Hathaway said it offloaded its entire stake in the carriers last month. Berkshire had held an 11% stake in Delta, 10% in American, 10% in Southwest, and 9% in United at the end of 2019.

In currencies, the dollar is mostly higher against the majors amid the prevailing risk aversion on Monday. EURUSD slipped from highs registered above 1.10 on Friday but holding above the 1.09 handle so far. On the data front, The Eurozone final Markit manufacturing PMI came in at 33.4 in April while the EU Sentix investor confidence index plunged to -41.8 in May versus -33.5 expected. Weak data added to the negative pressure surrounding the common currency. However, downside risks are looking limited as long as the pair stays above the 1.0870 support area.

Elsewhere, bitcoin price retains its bearish bias after a rejection from local highs around $9,500 registered last week. BTCUSD has settled just below $8,800 and may suffer further losses if the prices fail to regain the $9,000 handle in the near term.

Tags: BITCOINBTCUSDDAXDonald TrumpEUEURUSDFTSE 100
Share3Tweet2
ADVERTISEMENT
Stephen Soo

Stephen Soo

Stephen's specialty is fundamental analysis. He graduated from the Booth School of Business, the University of Chicago. Stephen currently cooperates with several news agencies, and on FWNews he publishes macroeconomic news and reviews on brokerage companies.

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16
Risk demand reemerges cautiously, but caution remains in place
Fundamental analysis

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
14

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

More fiscal stimulus is needed even with vaccines, Bill Dudley says

November 16, 2020 23:55
10
Pound corrects higher due to dollar weakness

Dollar steadies after another rally

October 7, 2021 07:06
17

Evans says Fed programs are important backstop, disappointed by Treasury’s move to stop some funding

November 20, 2020 00:19
10

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews