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Dollar regains ground as equities mixed

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    Investor sentiment improves further

    Investor sentiment improves further

    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

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  • FUNDAMENTALS
    Investor sentiment improves further

    Investor sentiment improves further

    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

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Home » Stocks, currencies stuck in ranges on the last day of 2021

Stocks, currencies stuck in ranges on the last day of 2021

by Stephen Soo
December 31, 2021 06:02
in Fundamental analysis
0
Dollar regains ground as equities mixed

The USD index refreshed intraday highs near 96.09

Wall Street stocks fell overnight in thin trading conditions. Fresh data showed that jobless claims came in at 198,000 for the week ended December 25 versus 205,000 expected. Meanwhile, the Chicago PMI stood at 63.1 for December. The Dow Jones Industrial Average and the S&P 500 dipped 0.3% each and the Nasdaq Composite lost 0.2%. For the year, the S&P is up more than 27% and the Dow is up nearly 10%. The Nasdaq has gained 22%.

Asian equity markets were mixed on the last day of 2021. The Kospi fell 0.5% after South Korea said it will extend social distancing rules for two more weeks through to mid-January. China’s Shanghai Composite gained nearly 0.6% after the data showed that the country’s manufacturing PMI came in at 50.3 versus 50.1 expected. Japan was among a number of markets closed ahead of the New Year.

In Europe, stock markets opened mostly lower in a shortened trading session. The U.K.’s FTSE 100 fell 0.34% in morning deals, Germany’s DAX 30 was up by 0.2% and France’s CAC 40 slipped 0.17%. The FTSE and the DAX are on track to see gains of 15% for this year, while the French CAC is close to a 30% gain.

In currencies, the USD index refreshed intraday highs near 96.09, up for the second consecutive day on Friday. The greenback is supported by the market’s cautious sentiment amid thin end-of-year liquidity conditions. As such, EURUSD keeps treading water around the 20-DMA while preserving a bearish bias after a failed attempt to overcome the 1.1370 zone. 

Meanwhile, the bitcoin price jumped in recent trading to get back to the 20-DMA  representing the key barrier on the way towards the $50,000 psychological level. The BTCUSD pair was last seen approaching the $48,500 region after yesterday’s brief plunge below $46,000. 

Tags: BITCOINBTCUSDCAC 40DAXEURUSDFTSE 100USD
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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.

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