• Latest
  • Trending
  • All
Inflation fears continue to push stocks lower

Inflation fears continue to push stocks lower

February 24, 2021 05:24
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
Wednesday, March 22, 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 » Inflation fears continue to push stocks lower

Inflation fears continue to push stocks lower

by Stephen Soo
February 24, 2021 05:24
in Fundamental analysis
0
Inflation fears continue to push stocks lower

The German economy grew by a stronger-than-expected 0.3% in the final quarter of last year

Wall Street stocks were mostly higher overnight, with most indexes coming off session lows following Powell’s comments. The Fed Chair helped to ease worries about a policy change by the central bank by saying that inflation is still soft while the economic outlook remains highly uncertain. As a reminder, inflation fears have risen in recent days and weeks against the backdrop of a sharp rise in bond yields. As such, the S&P 500 and the Dow Jones gained 0.13% and 0.05%, respectively, while the tech-heavy Nasdaq Composite shed 0.5% amid the ongoing sell-off in technology stocks.

Asian stocks came under severe selling pressure on Wednesday amid the lingering concerns about rising inflation that could prompt central banks to proceed to raising interest rates earlier than expected. As a result, Hong Kong’s Hang Seng lost nearly 3% and posted its biggest daily drop since May 2020 after the government announced to increase stamp duty on stock trades for the first time since 1993. Tokyo’s Nikkei 225 shed 1.61% and in Seoul, the Kospi edged 2.45% lower. In Australia, S&P/ASX 200 lost 0.90%, while the Shanghai Composite index gave up 1.99%.

European equities opened in a mixed manner amid signs of some improvement in risk sentiment following a sell-off seen in Asian markets. The pan-European Stoxx 600 hovered around the flatline in early trade. On the data front, Germany released its fourth-quarter GDP data. The economy grew by a stronger-than-expected 0.3% in the final quarter of last year. The Federal Statistics Office also revised upward its 2020 full-year GDP figure for the German economy to -4.9% from -5.0%.

Despite dovish comments from Powell and stronger-than-expected data out of Germany, EURUSD remains indecisive on Wednesday. The pair regained a bullish bias following yesterday’s decline but still lacks the upside momentum to challenge the 1.2200 barrier. On the downside, the 20-DMA continues to act as the key support just below the 1.2100 figure.

Tags: DOW JONESEURUSDHang SengJerome PowellNasdaqS&P 500Stoxx 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

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

Years of low interest rates made the current economic crisis worse, Fed’s Rosengren says

October 8, 2020 11:13
10
Brent crude plunged aggressively after Russia rejected the OPEC’s recommended production cuts

Oil drags down global stocks

March 9, 2020 13:19
24
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays resilient as Fed meeting looms

September 20, 2022 05:49
19

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