• Latest
  • Trending
  • All
Higher European stocks buck global trend

Higher European stocks buck global trend

October 5, 2021 06:26
Equity markets mostly depressed

Equity markets mostly depressed

September 22, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
Stock markets directionless as Fed meeting looms

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
Dollar lacks upside momentum due to lower Treasury yields

Dollar under some pressure after the weekend

September 18, 2023 07:00
Economic data and ECB boost stock market rally

Economic data and ECB boost stock market rally

September 15, 2023 07:57
Dollar lacks upside momentum due to lower Treasury yields

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
Stock markets struggle for direction ahead of major events

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
Dollar lacks upside momentum due to lower Treasury yields

Dollar rally pauses to start the week

September 11, 2023 06:46
Risk sentiment improves somewhat after a streak of losses

Risk sentiment improves somewhat after a streak of losses

September 8, 2023 07:08
Dollar lacks upside momentum due to lower Treasury yields

Unabated dollar demand keeps pressuring gold

September 7, 2023 07:26
  • Terms & Сonditions
  • Contact
Saturday, September 23, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

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

Home » Higher European stocks buck global trend

Higher European stocks buck global trend

by Stephen Soo
October 5, 2021 06:26
in Fundamental analysis
0
Higher European stocks buck global trend

Eurozone’s final services PMI arrived at 56.4 in September versus the 56.3 preliminary estimate

Wall Street markets ended lower on Monday, with technology and tech-related stocks leading losses as Facebook experienced widespread outages across all its platforms. The social media giant cited faulty configuration changes on its routers as the root cause of the outage. The company remained down for about six hours. Against this backdrop, Facebook shares fell 4.9% overnight, their biggest daily drop in nearly a year. The S&P 500 fell 1.3%, the Dow Jones shed 0.94%, and the Nasdaq Composite lost over 2%.

Following suit, Asian stocks were mostly lower on Tuesday, with Hong Kong’s Hang Seng bucking the trend to edge 0.28% higher. The S&P/ASX 200 in Australia declined 0.41%, trimming early losses after the RBA held interest rates at a record low for an eleventh straight month. South Korea’s Kospi dropped 1.89% while Tokyo’s Nikkei 225 lost 2.19%. Shanghai is closed until Friday for a national holiday.

In Europe, equities opened marginally higher today despite bearishness in other markets, with the pan-European Stoxx 600 adding 0.3% in early trade. On the data front, Eurozone’s final services PMI arrived at 56.4 in September versus the 56.3 preliminary estimate. In France, industrial production rose 1.0% in August versus a revised 0.5% gain the previous month.

In currencies, the dollar is back on the offensive on Tuesday, climbing higher versus most counterparts despite US 10-year yields look side-lined just below the 1.50% figure. As such, EURUSD is back around the 1.1600 figure after a short-lived jump to the 1.1640 area at the beginning of the week. Later in the day, the publication of the ISM non-manufacturing, final services PMI and trade balance figures will be in focus. Strong figures could send the greenback higher across the board.

Tags: DOW JONESEURUSDHang 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

Equity markets mostly depressed
Fundamental analysis

Equity markets mostly depressed

September 22, 2023 07:00
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
14
Stock markets directionless as Fed meeting looms
Fundamental analysis

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar under some pressure after the weekend

September 18, 2023 07:00
13
Economic data and ECB boost stock market rally
Fundamental analysis

Economic data and ECB boost stock market rally

September 15, 2023 07:57
15

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 bears unstoppable, euro at fresh long-term tops

December 3, 2020 08:20
15
Sentiment turns sour across the globe

Virus concerns are back in focus

July 19, 2021 09:29
18
Pound corrects higher due to dollar weakness

Dollar decline loses steam

August 24, 2021 06:26
21

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