• Latest
  • Trending
  • All
Global stocks rebound, dollar under pressure

Stock markets back under pressure along with dollar

November 30, 2021 00:18
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, February 7, 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 » Stock markets back under pressure along with dollar

Stock markets back under pressure along with dollar

by Stephen Soo
November 30, 2021 00:18
in Fundamental analysis
0
Global stocks rebound, dollar under pressure

Japan has confirmed its first case of infection by omicron

Following a strong sell-off witnessed during a shortened holiday trading session on Friday, Wall Street stocks bounced overnight to recover less than half of losses. The selling pressure has eased as Biden said lockdowns in response to the omicron variant are currently off the table while Moderna highlighted that new vaccine formulations could be ready by early 2022. Against this backdrop, the Dow Jones Industrial Average gained 0.68%, the S&P 500 added 1.3%, and the tech-heavy Nasdaq Composite rose 1.9%.

Asian stocks gave up early gains to finish mostly lower on Tuesday amid the resurgent worries about a new virus. The Shanghai Composite gained less than 0.1% after the data showed that China’s manufacturing PMI expanded for the first time since August, to arrive at 50.1, above expectations of 49.6. In South Korea, Kospi shed nearly 2.5% while the Nikkei 225 lost 1.63% as Japan has confirmed its first case of infection by the new omicron variant of the coronavirus.

In Europe, equities shed over 1% at the open on Tuesday, as risk sentiment kept deteriorating following a short-lived bounce, with the pan-European Stoxx 600 falling 1.2% in early trade. Similarly, U.S. stock index futures sharply reversed course after yesterday’s recovery after Moderna CEO said he expects existing vaccines to be less effective against the new variant.

Despite risk aversion, the dollar is mostly on the defensive today as the US Treasury yields keep losing ground. As such, EURUSD is now back above the 1.1300 figure and was last seen flirting with the 1.1350 region, targeting the descending 20-DMA that arrives marginally below the 1.1400 level. Later in the day, Powell’s comments on the virus and the economy could add to the selling pressure surrounding the greenback. 

Tags: DollarDOW JONESEURUSDNasdaqNikkeiS&P 500Stoxx 600US
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

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

The Eurozone service PMI dropped to a record low of 28.4

Markets struggle for clear direction, prepare for major events

June 8, 2022 05:03
19
Euro struggles below three-month highs, yen demand persists

Dollar mixed, USDCAD bounces from three-month lows

June 11, 2020 09:43
16
Stocks mostly higher while the greenback shows recovery signs

Stocks mixed ahead of additional U.S. fiscal stimulus

January 13, 2021 03:53
18

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