• Latest
  • Trending
  • All
Stocks continue to give up gains ahead of US jobs data

Stocks continue to give up gains ahead of US jobs data

January 7, 2022 03:02
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 » Stocks continue to give up gains ahead of US jobs data

Stocks continue to give up gains ahead of US jobs data

by Stephen Soo
January 7, 2022 03:02
in Fundamental analysis
0
Stocks continue to give up gains ahead of US jobs data

The Labor Department’s report will be issued later today and could affect market sentiment ahead of the weekend

After a choppy session, Wall Street stocks finished lower on Thursday as investors continued to digest hawkish Fed meeting minutes revealed earlier in the week. On the data front, fresh data showed that there were 207,000 initial jobless claims last week, higher than expected this time. The Labor Department’s December jobs report will be issued later today and could affect market sentiment ahead of the weekend. On Thursday, the S&P 500 and the Nasdaq Composite both edged down 0.1%, while the Dow Jones Industrial Average lost 0.5%.

Following suit, Asian equities were mostly lower on Friday. Still, the sentiment has somehow improved by the close of trade. The Shanghai Composite index slid 0.18% and the Nikkei 225 in Tokyo erased early losses to shed less than 0.1%. The Hang Seng in Hong Kong climbed 1.8% after the initial decline. The South Korean Kospi added 1.18% after Samsung said it expects its fourth-quarter operating profit to jump 52% year-over-year, to $11.5 billion, the highest fourth-quarter operating profit in four years.

European stocks were mixed at the open on Friday, struggling for direction after the recent sell-off. On the data front, Germany’s November industrial production came in at -0.2% versus +1.0% m/m expected, suggesting that the recovery in the manufacturing sector is faltering. On an annualized basis, industrial production declined by 2.4% in November versus a 0.9% drop registered in the previous month.

In currencies, most pairs are range-bound ahead of the key economic release of the week. The dollar advanced yesterday as the US Treasury yields continued to rise after a hawkish signal from the Fed. Should the upcoming jobs report reveal better-than-expected figures, the greenback may receive another boost later in the day. The USD index was last seen changing hands around 96.19, down 0.14% on the day.

Tags: DollarfedUSUSD
Share2Tweet1
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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
14
Investor sentiment improves, but gains limited
Fundamental analysis

Investor sentiment improves, but gains limited

November 15, 2022 05:46
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar licks wounds after plunge

November 14, 2022 05:05
24
Risk sentiment keeps deteriorating, dollar climbs
Fundamental analysis

Stocks celebrate US inflation, dollar slumps

November 11, 2022 03:07
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar relatively steady after recent rally

November 10, 2022 07:26
21
Virus, US-China tensions hit global markets
Fundamental analysis

Market sentiment turns cautious amid events in the US

November 9, 2022 03:08
22

Leave Your Opinion Cancel reply

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

Recommended

Euro struggles below three-month highs, yen demand persists

Dollar mostly lower, the Japanese yen at fresh highs

April 29, 2020 11:05
18
Dollar lacks upside momentum due to lower Treasury yields

USD bulls driven north by flight to safety

June 13, 2022 03:20
17
Tech analysis

Midweek tech review

February 19, 2020 15:10
29

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