• Latest
  • Trending
  • All
What are algorithmic trading and auto copying?

Stocks extend the rally on stimulus hopes

February 8, 2021 04:04
Dollar lacks upside momentum due to lower Treasury yields

USD bulls remain on the offensive across the market

August 19, 2022 09:53
Stocks erase gains as cautious tone persists in the markets

Markets mixed amid persisting global uncertainty

August 19, 2022 09:43
Dollar lacks upside momentum due to lower Treasury yields

Buying pressure keeps building surrounding the US dollar

August 18, 2022 08:47
Risk demand prevails after FOMC minutes

Stocks trend lower after FOMC minutes

August 18, 2022 08:37
Dollar lacks upside momentum due to lower Treasury yields

US dollar maintains bullish trajectory

August 17, 2022 07:08
Global stocks retreat after a plunge on Wall Street

Global stocks mixed-to-higher, investors stay cautious

August 17, 2022 06:56
Dollar lacks upside momentum due to lower Treasury yields

USD demand persists across the market

August 16, 2022 06:49
Euro rises despite а stronger dollar

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar buoyed at the start of the week

August 15, 2022 05:39
Investors stay nervous as tensions escalate

Investors start the week on a cautious note

August 15, 2022 05:25
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
Equity markets mixed ahead of the weekend

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
  • Terms & Сonditions
  • Contact
Saturday, August 20, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks erase gains as cautious tone persists in the markets

    Markets mixed amid persisting global uncertainty

    Risk demand prevails after FOMC minutes

    Stocks trend lower after FOMC minutes

    Global stocks retreat after a plunge on Wall Street

    Global stocks mixed-to-higher, investors stay cautious

    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks erase gains as cautious tone persists in the markets

    Markets mixed amid persisting global uncertainty

    Risk demand prevails after FOMC minutes

    Stocks trend lower after FOMC minutes

    Global stocks retreat after a plunge on Wall Street

    Global stocks mixed-to-higher, investors stay cautious

    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

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

Home » Stocks extend the rally on stimulus hopes

Stocks extend the rally on stimulus hopes

by Stephen Soo
February 8, 2021 04:04
in Fundamental analysis
0
What are algorithmic trading and auto copying?

A disappointing January jobs report increases the likelihood of further stimulus

Wall Street stocks finished higher on Friday amid expectations that a disappointing January jobs report would increase the likelihood of further stimulus. The Labor Department said the U.S. economy added 49,000 jobs in January, slightly below the 50,000 payrolls expected while December’s numbers were revised much lower, to 227,000 from the initial reading of -140,000. As a result, the S&P 500 index rose 0.4%, the Dow Jones Industrial Average gained 0.3%, and the Nasdaq rose 0.57%.

Asian stocks extended gains to start toe week, hovering around all-time highs on hopes the aid package will be passed in the US in the coming weeks. Also, investors continued to cheer upbeat corporate earnings data, progress in the distribution of vaccines, and the slowing rise in coronavirus cases. As such, Japan’s Nikkei 225 surged 2.12%, Australia’s S&P/ASX 200 rose 0.59%, Hong Kong’s Hang Seng gained 0.11%, the Shanghai Composite in China gained 1.03% while South Korea’s Kospi bucked the trend and lost nearly 1% during the session.

In Europe, equities opened in the positive territory, tracking upbeat sentiment in Asia, with the pan-European Stoxx 600 index opening 0.4% higher on Monday. On the data front, German industrial output arrived at 0% versus a 0.3% rise expected and 0.9% last. Meanwhile, U.S. stock index futures rose in early morning trading Monday following the best week since November.

Meanwhile, the dollar holds steady versus major counterparts following a steep decline seen after a disappointing employment report on Friday. EURUSD regained the 1.2000 figure but failed to extend the bounce and turned slightly negative on the day in recent trading despite positive risk sentiment. Also on the negative side, the pair remains below the 20-DMA that continues to act as the key resistance. 

Elsewhere, Brent crude has exceeded the $60 handle for the first time since January 2020 on Monday, extending the rally amid positive risk sentiment and expectations of recovery in global energy demand as the pandemic recedes. If the futures manage to confirm the latest breakout on a daily closing basis, the $61 figure will come into market focus in the short term.

Tags: BRENTDOW JONESEURUSDHang SengNasdaqNikkeiStoxx 600
Share2Tweet2
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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD bulls remain on the offensive across the market

August 19, 2022 09:53
12
Stocks erase gains as cautious tone persists in the markets
Fundamental analysis

Markets mixed amid persisting global uncertainty

August 19, 2022 09:43
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Buying pressure keeps building surrounding the US dollar

August 18, 2022 08:47
22
Risk demand prevails after FOMC minutes
Fundamental analysis

Stocks trend lower after FOMC minutes

August 18, 2022 08:37
22
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

US dollar maintains bullish trajectory

August 17, 2022 07:08
24
Global stocks retreat after a plunge on Wall Street
Fundamental analysis

Global stocks mixed-to-higher, investors stay cautious

August 17, 2022 06:56
27

Leave Your Opinion Cancel reply

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

Recommended

Global stocks steady, USD remains under pressure

Global stocks steady, USD remains under pressure

August 18, 2020 10:18
12
Dollar lacks upside momentum due to lower Treasury yields

Greenback on the defensive after a short-lived correction

January 17, 2022 05:24
10
Pound corrects higher due to dollar weakness

Dollar slightly lower ahead of Fed decision

November 3, 2021 08:04
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