• Latest
  • Trending
  • All
The dollar is lower against the European counterparts but rises versus the safe-haven Japanese yen

Global markets tread water ahead of US jobs data

June 4, 2021 06:08
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
Friday, January 27, 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 » Global markets tread water ahead of US jobs data

Global markets tread water ahead of US jobs data

by Stephen Soo
June 4, 2021 06:08
in Fundamental analysis
0
The dollar is lower against the European counterparts but rises versus the safe-haven Japanese yen

Strong labor market data make investors nervous ahead of the crucial employment report due later today

Wall Street stocks finished lower overnight, with tech stocks leading losses amid the resurgent inflation fears after the data showed US jobless claims continues to decline last week. Strong labor market data make investors nervous ahead of the crucial employment report due later today. As such, the S&P 500 shed 0.36%, the Dow Jones Industrial Average dropped 0.07%, and the tech-heavy Nasdaq lost 1.03%.

In Asia, equities were mostly on the defensive ahead of the jobs report that could provide more clarity on the economic recovery and the potential for even higher inflation. In this context, the key question for investors is whether it will be temporary or more permanent. Japan’s benchmark Nikkei 225 slipped 0.4%, South Korea’s Kospi lost 0.23%, while Australia’s S&P/ASX 200 inched up 0.49%. Hong Kong’s Hang Seng lost 0.2%, and the Shanghai Composite advanced 0.21%.

European stocks opened marginally higher before turning negative in recent trading. Airlines fell after the U.K. government removed Portugal from its list of safe travel destinations. The Stoxx Europe 600 index edged down 0.02% following the initial gains. On the data front, Eurozone’s April retail sales contracted 3.1% versus -1.5% expected, as sales moderated in April after supposed Easter sales boosted the March numbers.

Meanwhile, the USD index advanced to 3-week highs near 90.60 ahead of NFP data. The buck rallied following better-than-expected results in the US docket and the rebound in US yields. NY Fed J.Williams deemed as premature any modification of the QE programme for the time being, although he did not rule out that scenario in the future. The comments added to the upbeat tone surrounding the greenback, sending the euro to mid-May lows around the 1.2100 figure. A break below this level would bring the 100-DMA at 1.2040 back into market focus.

Tags: DOW JONESFederal ReserveHang SengNasdaqNikkeiStoxx 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
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
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
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
Market sentiment dented by recession fears
Fundamental analysis

Market sentiment dented by recession fears

December 19, 2022 02:53
13
Investor sentiment improves, but gains limited
Fundamental analysis

Investor sentiment improves, but gains limited

November 15, 2022 05:46
14

Leave Your Opinion Cancel reply

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

Recommended

A slow start to the week in FX markets

Dollar trims losses but stays broadly weak

April 20, 2021 06:51
16
Sentiment turns sour again but the greenback keeps bleeding

Sentiment turns sour again but the greenback keeps bleeding

October 21, 2020 05:30
14
Dollar lacks upside momentum due to lower Treasury yields

Euro gives up gains as traders unsettled

February 8, 2022 16:12
18

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