• Latest
  • Trending
  • All
Market sentiment improves, focus shifts to US inflation data

Market sentiment improves, focus shifts to US inflation data

August 11, 2021 11:59
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays afloat as gold rally pauses

December 5, 2023 07:00
Stocks mixed while gold at fresh all-time highs to start the week

Stocks mixed while gold at fresh all-time highs to start the week

December 4, 2023 08:00
Stocks mixed, dollar indecisive to start the new month

Stocks mixed, dollar indecisive to start the new month

December 1, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

USD keeps refreshing August lows

November 30, 2023 07:00
Global stocks mixed with Fed and China in focus

Global stocks mixed with Fed and China in focus

November 29, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar needs fresh impetus

November 28, 2023 07:00
Risk demand keeps waning in muted trading

Risk demand keeps waning in muted trading

November 27, 2023 08:00
Markets mixed in subdued holiday trading

Markets mixed in subdued holiday trading

November 24, 2023 09:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback struggles to retain demand

November 23, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar attracts some demand

November 22, 2023 07:00
Markets await Fed Minutes

Markets await Fed Minutes

November 21, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

USD retains bearish bias to start the week

November 20, 2023 07:00
  • Terms & Сonditions
  • Contact
Tuesday, December 5, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed, dollar indecisive to start the new month

    Stocks mixed, dollar indecisive to start the new month

    Global stocks mixed with Fed and China in focus

    Global stocks mixed with Fed and China in focus

    Risk demand keeps waning in muted trading

    Risk demand keeps waning in muted trading

    Markets mixed in subdued holiday trading

    Markets mixed in subdued holiday trading

    Markets await Fed Minutes

    Markets await Fed Minutes

    Risk rally wanes ahead of the weekend

    Risk rally wanes ahead of the weekend

    Markets cautiously await US inflation data

    Markets cautiously await US inflation data

    Powell triggered risk aversion across markets

    Powell triggered risk aversion across markets

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed while gold at fresh all-time highs to start the week

    Stocks mixed, dollar indecisive to start the new month

    Stocks mixed, dollar indecisive to start the new month

    Global stocks mixed with Fed and China in focus

    Global stocks mixed with Fed and China in focus

    Risk demand keeps waning in muted trading

    Risk demand keeps waning in muted trading

    Markets mixed in subdued holiday trading

    Markets mixed in subdued holiday trading

    Markets await Fed Minutes

    Markets await Fed Minutes

    Risk rally wanes ahead of the weekend

    Risk rally wanes ahead of the weekend

    Markets cautiously await US inflation data

    Markets cautiously await US inflation data

    Powell triggered risk aversion across markets

    Powell triggered risk aversion across markets

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

Home » Market sentiment improves, focus shifts to US inflation data

Market sentiment improves, focus shifts to US inflation data

by Stephen Soo
August 11, 2021 11:59
in Fundamental analysis
0
Market sentiment improves, focus shifts to US inflation data

German economic confidence deteriorated more than expected this month

European stocks finished higher on Tuesday as investors managed to shrug off worries about the pandemic to focus on upbeat corporate earnings. The Pan European Stoxx 600 gained 0.35% by the closing bell, with the U.K.’s FTSE 100 climbing 0.4% as Flutter Entertainment shares jumped nearly 8% after the company reported stronger than expected quarterly results.

On the data front, total U.K. retail sales grew 6.4% on a yearly basis in July. Meanwhile, German economic confidence deteriorated more than expected in August. The ZEW Indicator of economic sentiment fell to 40.4 from 63.3 in July. Today, the market focus will shift to U.S. inflation data. The report could give further indications of when the Federal Reserve may start raising rates.

The dollar extended the rally across the board on Tuesday. Wall Street stocks also gained on the news that the US Senate approved Joe Biden’s $1.2-trillion infrastructure plan. Now the president needs to win final passage in the lower chamber of Congress. As for the data, unit labor costs in the US rose by 1% in the second quarter after contracting by 2.8% in January-March. The nonfarm productivity was up 2.3% in the same period versus 3.5% expected.

Elsewhere, oil prices rebounded on Tuesday to regain the $70 figure as the tone in commodity markets improved along with the overall risk sentiment in the global financial markets. As a result, Brent crude turned positive on the weekly charts. The rally in the oil market came as traders cheered Senate passage of an infrastructure package, sending it to the House of Representatives. Now, the futures need to preserve gains in order to extend the bounce and get back above the 20-DMA that now arrives around $72.30.

Tags: BRENTFTSE 100Joe BidenOilStoxx 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

Risk demand keeps waning in muted trading
Fundamental analysis

Risk demand keeps waning in muted trading

November 27, 2023 08:00
14
Risk rally wanes ahead of the weekend
Fundamental analysis

Risk rally wanes ahead of the weekend

November 17, 2023 07:00
12
Markets cautiously await US inflation data
Fundamental analysis

Markets cautiously await US inflation data

November 14, 2023 08:00
13
Dollar extends recovery as risk demand wanes slightly
Fundamental analysis

Dollar extends recovery as risk demand wanes slightly

November 7, 2023 07:00
13
Equities rally as yields fall
Fundamental analysis

Equities rally as yields fall

November 3, 2023 08:00
14
Risk demand remains muted ahead of the weekend
Fundamental analysis

Risk demand remains muted ahead of the weekend

October 27, 2023 08:12
13

Leave Your Opinion Cancel reply

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

Recommended

Markets await Fed Minutes

Markets await Fed Minutes

November 21, 2023 08:00
14
Cautious Fed fuels risk-on tone

Cautious Fed fuels risk-on tone

September 23, 2021 07:29
20
Market sentiment improves ahead of FOMC minutes

Market sentiment improves ahead of FOMC minutes

August 18, 2021 05:34
17

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