• Latest
  • Trending
  • All
Chinese data spooks investors, sentiment turns sour

Stock markets turn directionless after a bounce

May 18, 2022 05:08
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 » Stock markets turn directionless after a bounce

Stock markets turn directionless after a bounce

by Stephen Soo
May 18, 2022 05:08
in Fundamental analysis
0
Chinese data spooks investors, sentiment turns sour

The USD sell-off seems to have paused amid rising US Treasury bond yields

Wall Street stocks advanced on Tuesday, with tech shares leading the gains along with the battered banking sector. The Dow Jones rose 1.34%, the S&P 500 rallied 2.02% and the Nasdaq Composite added 2.76%. On the data front, US retail sales rose 0.9% in April, in line with projections, while industrial production rose 1.1% in April, well above the 0.5% estimate. In individual stocks, Walmart shared plunged more than 11% after the retailer reported worse-than-expected earnings and also lowered its profit forecast. On the positive side, shares of Home Depot gained 1.7% following better-than-expected quarterly results.

Asian stocks saw mixed results on Wednesday as the recent rally momentum started to abate following three bullish sessions in a row. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%. The Shanghai Composite Index lost 0.25% and the Hang Seng in Hong Kong gained 0.17%. Sydney’s S&P-ASX 200 advanced 1% despite the lower than expected Australian wages data. The Nikkei 225 in Tokyo rose 0.94% after the government reported Japan’s economy shrank for the first time in two quarters in the initial three months of the year.

European equities opened slightly higher today, trading nearly unchanged in early deals due to persistent worries about inflation and monetary policy tightening. The latest data showed that the UK CPI came in at 9% year-over-year in April when compared to 7.0% registered in March while missing estimates of a 9.1% rise. On a monthly basis, the UK consumer prices arrived at 2.5% versus 2.6% expectations and 1.1% prior.

Meanwhile, the USD sell-off seems to have paused amid rising US Treasury bond yields. The USD index bounced back into positive territory on Wednesday following three days of losses in a row. Still, the buck stays below the 104.00 mark, struggling around 103.50 during the early European hours ahead of the US construction data due later today. As such, EURUSD encountered the descending 20-DMA to settle just above 1.0500. The euro looks unlikely to exceed the moving average in the near term.

Tags: ASX 200DOW JONESEURUSDNasdaqNikkeiS&P 500USUSD
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

Euro struggles below three-month highs, yen demand persists

Euro rejected from fresh highs, yen demand persists

March 4, 2020 09:41
16

Here are the things that scare Jerome Powell the most about the economy right now

November 12, 2020 21:08
11

Investors will look to the Fed to soothe the market next week, but that may be a tall order

September 11, 2020 14:32
10

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