• Latest
  • Trending
  • All
Stocks struggle for direction in cautious trading

Stocks struggle for direction in cautious trading

September 2, 2021 11:26
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
Tuesday, March 28, 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 » Stocks struggle for direction in cautious trading

Stocks struggle for direction in cautious trading

by Stephen Soo
September 2, 2021 11:26
in Fundamental analysis
0
Stocks struggle for direction in cautious trading

Weak ADP data hinted at delayed tapering by the US Federal Reserve

Wall Street stocks saw modest gains overnight, with positive momentum limited. The survey by ADP showed companies added jobs at a slower pace than expected, with private sector employment increasing by 374,000 jobs from July to August. As such, the S&P 500 rose 0.03%, the Dow Jones Industrial Average fell 0.1%, and the Nasdaq climbed 0.33%.

Asian equities were mostly lower on Thursday as investors waited for U.S. jobs data due on Friday. Also, concerns grew over the Chinese economy after a run of soft data. Still, the MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2%. The Shanghai Composite Index rose 0.67%, the Nikkei 225 in Tokyo gained 0.20% and the Hang Seng in Hong Kong shed less than 0.1%. The Kospi in Seoul lost 0.81%.

In Europe, stocks were flat on Thursday, struggling for direction ahead of the weekly initial jobless claims report and the Labor Department’s nonfarm payrolls report. In individual stocks, Swedish Orphan Biovitrum rallied 24% after U.S. venture capital firm Advent International and Aurora Investment offered to buy the drugmaker.

In currencies, the dollar saw another bearish session on Wednesday, with the pressure intensifying following the disappointing jobs data ahead of the key Friday’s report. The figures hinted at delayed tapering by the US Federal Reserve, adding to a less upbeat tone surrounding the greenback. Against this backdrop, EURUSD surged to fresh nearly one-month highs around 1.1860 before retreating marginally. On Thursday, the pair retains a slight bullish bias though the momentum has slowed as risk sentiment turned mixed.

Meanwhile, oil prices edged lower on Wednesday after another failed attempt to hold above the $72 figure despite OPEC+’s relatively harmonious decision to gradually raise supply. The plan is for the group to add 400,000 barrels per day in output for its members in October. Elsewhere, the EIA report showed that crude oil stockpiles fell by 7.2 million barrels to 425.4 million barrels last week. On the negative side, crude oil production rose by 100,000 barrels a day to 11.5 million barrels a day, the highest since May 2020.

Tags: DOW JONESEURUSDFederal ReserveHang SengNasdaqNikkeiOilOPEC
Share4Tweet2
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

Pound corrects higher due to dollar weakness

Dollar strengthens as risk aversion intensifies

October 26, 2020 10:09
18
Markets struggle for direction amid resurgent virus-related concerns

Markets struggle for direction amid resurgent virus-related concerns

November 22, 2021 03:12
12
Pound corrects higher due to dollar weakness

Dollar off fresh highs but remains on the offensive

July 20, 2021 07:19
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