• Latest
  • Trending
  • All
Stock market rally cools off, investors keep a cautious tone

Stock market rally cools off, investors keep a cautious tone

November 18, 2020 04:05
Investors cautiously digest economic data

Investors cautiously digest economic data

September 27, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar looks unstoppable

September 26, 2023 07:00
Investors stay depressed after heavy losses

Investors stay depressed after heavy losses

September 25, 2023 07:00
Equity markets mostly depressed

Equity markets mostly depressed

September 22, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
Stock markets directionless as Fed meeting looms

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
Dollar lacks upside momentum due to lower Treasury yields

Dollar under some pressure after the weekend

September 18, 2023 07:00
Economic data and ECB boost stock market rally

Economic data and ECB boost stock market rally

September 15, 2023 07:57
Dollar lacks upside momentum due to lower Treasury yields

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
Stock markets struggle for direction ahead of major events

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
  • Terms & Сonditions
  • Contact
Thursday, September 28, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors cautiously digest economic data

    Investors cautiously digest economic data

    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors cautiously digest economic data

    Investors cautiously digest economic data

    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

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

Home » Stock market rally cools off, investors keep a cautious tone

Stock market rally cools off, investors keep a cautious tone

by Stephen Soo
November 18, 2020 04:05
in Fundamental analysis
0
Stock market rally cools off, investors keep a cautious tone

New coronavirus cases in Tokyo hit a record high near 500

The recent rally cooled off amid disappointing economic data, sending Wall Street indexes lower overnight. The official report showed that US retail sales rose 0.3% last month, versus a 0.5% gain expected. Furthermore, the Federal Reserve Governor Jerome Powell said the American economy has a long way to go before it returns to pre-pandemic levels. As a result, the Dow Jones Industrial Average dropped 0.6%, the S&P 500 dipped 0.5%, while the Nasdaq Composite fell 0.2%.

Asian equities were marginally higher on Wednesday in a sign of waning vaccine optimism amid concerns over the long-term impact of the coronavirus pandemic. The Shanghai Composite Index gained 0.2%, the Hang Seng in Hong Kong rose 0.5%, the Kospi in Seoul was up 0.3% while Japan’s Nikkei 225 bucked the trend and lost over 1% amid the news that new coronavirus cases in Tokyo hit a record high near 500.

European stocks opened lower to start the day, mirroring the softer tones in US futures, with positive vibes keep fading as the week progresses. Investors keep a cautious tone amid the lingering worries about fresh lockdown measures caused by a resurgent pandemic. The pan-European STOXX 600 remains under pressure after dropping 0.4% on Tuesday.

Meanwhile, the USD index loses further momentum, retreating to the 92.00 figure On Wednesday despite the risk-off sentiment dominates the markets. The greenback has been losing ground for the fifth consecutive session. Later in the day, US housing starts and building permits are due. Also, the Federal Reserve officials Evans, Williams, and Bullard are due to speak.

In other markets, bitcoin extended its spectacular rally to the $18,500 level last seen in early-2018. Since then, the cryptocurrency has retreated marginally while staying on the offensive and could climb to fresh long-term tops after a pause. In case of a bearish correction, the immediate support should be expected at $17,900, followed by $17,600.

Tags: BITCOINDOW JONESFederal ReserveJerome PowellNasdaqNikkeiStoxx 600
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

Investors cautiously digest economic data
Fundamental analysis

Investors cautiously digest economic data

September 27, 2023 08:00
11
Investors stay depressed after heavy losses
Fundamental analysis

Investors stay depressed after heavy losses

September 25, 2023 07:00
12
Equity markets mostly depressed
Fundamental analysis

Equity markets mostly depressed

September 22, 2023 07:00
13
Stock markets directionless as Fed meeting looms
Fundamental analysis

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
15
Economic data and ECB boost stock market rally
Fundamental analysis

Economic data and ECB boost stock market rally

September 15, 2023 07:57
15
Stock markets struggle for direction ahead of major events
Fundamental analysis

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
22

Leave Your Opinion Cancel reply

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

Recommended

Wall Street worries about regulatory fallout from the GameStop saga

February 4, 2021 19:40
10
Upbeat economic data push global stocks higher

Upbeat economic data push global stocks higher

April 6, 2021 04:59
14
Euro struggles below three-month highs, yen demand persists

Euro rejected from fresh highs, yen demand persists

March 4, 2020 09:41
16

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
124
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