• Latest
  • Trending
  • All
Markets shrug off rising US inflation

Markets shrug off rising US inflation

June 11, 2021 06:39
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 » Markets shrug off rising US inflation

Markets shrug off rising US inflation

by Stephen Soo
June 11, 2021 06:39
in Fundamental analysis
0
Markets shrug off rising US inflation

The dollar attempts to regain ground following yesterday’s losses

Wall Street stocks finished higher overnight despite a surge in U.S. consumer prices. The report showed consumer prices rose 5% in May, the biggest year-over-year increase since 2008. Stocks gained as investors are still buying into the Federal Reserve’s stance that the current rise in inflation is transitory. Besides, another report showed pointed to a continued improvement in the labor market. As such, the S&P 500 gained 0.47%, the Dow Jones Industrial Average edged up 0.06%, and the Nasdaq Composite rose 0.78%.

Asian stocks were mixed on Friday as the renewed China-U.S. tensions weighed on investor sentiment somehow. As such, the Shanghai Composite index in China shed 0.58% and the Nikkei 225 in Japan fell 0.03%. Meanwhile, Hang Seng in Hong Kong gained 0.36% while the Kospi in Seoul added 0.77%. European stocks opened flat before advancing to fresh all-time highs as investors shrugged off rising U.S. consumer prices. The Euro STOXX 600 added 0.3% in early trade, with London shares gaining 0.6%. also on the positive side, the European Central Bank on Thursday raised its growth and inflation projections, while pledging a steady flow of stimulus. Also, data showed the lowest level of new claims for unemployment benefits in the US in nearly 15 months last week.

Meanwhile, the dollar attempts to regain ground following yesterday’s losses seen as the 10-year US Treasury yields fell to three-month lows. EURUSD failed to overcome the 20-DMA once again earlier in the day to turn slightly negative in recent trading. If the pressure intensifies any time soon, the pair could challenge the 1.2150 intermediate support. However, downside risks surrounding the euro look limited at this stage. Now, traders are gradually shifting focus to the upcoming Federal Reserve meeting due next week. The greenback could advance ahead of the event amid expectations of a more hawkish tone amid rising inflation.

Tags: DOW JONESEURUSDFederal ReserveHang SengNasdaqNikkeiS&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

Equity markets mixed ahead of the weekend

Equity markets rally on positive updates on Omicron

December 23, 2021 01:26
10
Pound corrects higher due to dollar weakness

Greenback remains on the offensive across the board

September 20, 2021 09:49
16
Pound corrects higher due to dollar weakness

Dollar is back on the defensive

August 31, 2021 11:08
15

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