• Latest
  • Trending
  • All
Many countries continue to ease lockdown measures and gradually reopen their economies

Stocks rally after Trump’s announcement

June 1, 2020 13:13
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, March 28, 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 » Stocks rally after Trump’s announcement

Stocks rally after Trump’s announcement

Many countries continue to ease lockdown measures and gradually reopen their economies

by Stephen Soo
June 1, 2020 13:13
in Fundamental analysis
0
Many countries continue to ease lockdown measures and gradually reopen their economies

Asian stocks rose to three-month highs despite US-China tensions, as President Donald Trump stopped short of economic retaliation against China over Hong Kong. China’s CSI 300 blue-chip index rallied nearly 3.0%, hitting its highest level in three months. Hong Kong’s Hang Seng jumped 3.4% while Japan’s Nikkei 225 rose 0.9%. Global markets sank late last week as investors waited for Trump’s response to Beijing’s security law on Hong Kong. The US leader ended Hong Kong’s special trade status and suspended visas of some Chinese students. At the same time, he avoided pulling out of a truce in a tariff war with Beijing that weighs on global growth.

European stocks added to gains on Monday as lockdown measures ease across the continent. Also, investors continue to react to Trump’s Friday news conference on China, in which he took no additional steps to punish China over its new national security law for Hong Kong. Meanwhile, futures on the Dow Jones Industrial Average rose over 100 points as markets shrugged off the nationwide protests and violence. Meanwhile, the number of coronavirus cases globally has now topped more than 6.1 million while many countries continue to ease lockdown measures and gradually reopen their economies.

Elsewhere, the dollar is under pressure against major counterparts as risk-on tone prevails in the financial markets. EURUSD extended gains to fresh mid-March highs around 1.1150. on the one hand, the increasing social unrest in the US unnerves investors but the progress of the re-opening of the economy on both shores of the Atlantic adds to market optimism and supports high-yielding assets including the euro. Once above the mentioned highs, the common currency will target the 1.12 barrier. On the data front, Eurozone May final manufacturing PMI came in at 39.4 versus the preliminary estimate of 39.5 while German May final manufacturing PMI arrived at 36.6 versus 36.8 in the preliminary estimate. Mixed figures capped the upside momentum, and the pair turned flat as a result. 

Tags: Donald TrumpEURUSDNikkei
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

Federal Reserve Board announces an expansion in the number and type of entities eligible to directly use its Municipal Liquidity Facility

June 3, 2020 02:10
10
Investors unsettled despite solid corporate earnings

Ukraine and China pressure global markets

March 15, 2022 05:49
13
Pound corrects higher due to dollar weakness

Dollar trims losses, traders await Jackson Hole symposium

August 26, 2021 07:33
14

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