• Latest
  • Trending
  • All
Stocks climb amid the prevailing optimism surrounding second-quarter earnings

Equities upbeat ahead of the upcoming events and economic data

July 13, 2020 07:03
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
Saturday, April 1, 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 » Equities upbeat ahead of the upcoming events and economic data

Equities upbeat ahead of the upcoming events and economic data

Stocks climb amid the prevailing optimism surrounding second-quarter earnings

by Stephen Soo
July 13, 2020 07:03
in Fundamental analysis
0
Stocks climb amid the prevailing optimism surrounding second-quarter earnings

Wall Street stocks finished higher on Friday as a positive update from Gilead’s antiviral drug to treat COVID-19 overshadowed concerns over a record rise in coronavirus cases in the country. The Dow Jones Industrial Average rose 1.4%, the Nasdaq Composite added 0.7%, and the S&P 500 gained 1.1%.

Asian equities rose on Monday as investors shrugged off worries about the rising number of coronavirus cases. Japan’s Nikkei 225 ended 2.22% higher ahead of the central bank meeting due on Wednesday and May trade figures scheduled for tomorrow. Also, investors are looking ahead to the release of China’s economic growth data due this week including trade balance figures and the GDP report. The Shanghai Composite gained 1.3% on Monday.

In Europe, stocks climbed amid the prevailing optimism surrounding second-quarter earnings that gets underway this week and ahead of the gathering of European leaders to discuss the European Union recovery fund proposal. The European Central Bank policy meeting is scheduled for Thursday. Meanwhile, Florida on Sunday reported the highest number of coronavirus cases for any state during the pandemic.

Meanwhile, the greenback is mixed to start the week. EURUSD is marginally higher just above the 1.13 handle. the euro derived some support from the German Economy Ministry’s latest report. The authorities reaffirmed that the economic low point has passed and the road to recovery is underway. However, the bullish potential in the pair remains limited as there elevated uncertainty on the coronavirus and economic front persists.

Elsewhere, gold prices bounced back into positive territory following two days of losses. The bullion closed just below the $1,800 handle on Friday and has been reclaiming the $1,810 support since the start of the European session. The fact that the safe-haven gold demand reemerged confirms that investors remain cautious amid the coronavirus developments despite risk-on tone prevails in the global financial markets at the start of the week. A daily close above the $1,810 area will confirm bullishness in gold prices that could climb to fresh long-term highs in the days to come.

Tags: DOW JONESECBEURUSDNasdaqNikkei
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
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
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

Leave Your Opinion Cancel reply

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

Recommended

Coordinated Central Bank Action to Enhance the Provision of Global U.S. Dollar Liquidity

March 15, 2020 17:21
10

Statement by Philip Lowe, Governor: Monetary Policy Decision

August 4, 2020 14:45
10
The Federal Reserve building is pictured in Washington, DC, U.S.

Fed’s economic forecasts to give window into extent of coronavirus fears

March 13, 2020 08:37
21

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