• Latest
  • Trending
  • All
Stocks at all-time highs due to upbeat economic data

Stocks face reemerging pressure as economic concerns persist

July 22, 2022 05:56
Dollar lacks upside momentum due to lower Treasury yields

USD demand persists across the market

August 16, 2022 06:49
Euro rises despite а stronger dollar

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar buoyed at the start of the week

August 15, 2022 05:39
Investors stay nervous as tensions escalate

Investors start the week on a cautious note

August 15, 2022 05:25
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
Equity markets mixed ahead of the weekend

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
Dollar lacks upside momentum due to lower Treasury yields

USD stays depressed after plunge on weak CPI

August 11, 2022 09:37
Stocks climb marginally, pressuring the greenback

Investors welcome cooling inflation, dollar sags

August 11, 2022 09:30
Dollar lacks upside momentum due to lower Treasury yields

FX market remains in consolidation mode

August 10, 2022 09:24
Yellen failed to spook global markets

Risk-off tone dominates global markets

August 10, 2022 09:18
Dollar lacks upside momentum due to lower Treasury yields

Currencies apathetic, USD stays pressured

August 9, 2022 15:28
Stocks making recovery attempts, markets remain unstable

Stock markets little changed amid cautious trades

August 9, 2022 15:21
  • Terms & Сonditions
  • Contact
Tuesday, August 16, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

    A mixed start to the week in the global markets

    Markets mixed after strong US jobs data

    Stock markets rebound on strong corporate earnings

    Markets look tepid ahead of NFP data

    Investor sentiment looks neutral at the start of the week

    Risk sentiment turns positive, but caution persists

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

    A mixed start to the week in the global markets

    Markets mixed after strong US jobs data

    Stock markets rebound on strong corporate earnings

    Markets look tepid ahead of NFP data

    Investor sentiment looks neutral at the start of the week

    Risk sentiment turns positive, but caution persists

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

Home » Stocks face reemerging pressure as economic concerns persist

Stocks face reemerging pressure as economic concerns persist

by Stephen Soo
July 22, 2022 05:56
in Fundamental analysis
0
Stocks at all-time highs due to upbeat economic data

The euro could retest parity if the USD index extends the rally

Wall Street equities advanced on Thursday, expending this week’s rally fueled by tech stocks as solid second-quarter earnings from major companies helped ease secession fears. Tesla railed nearly 10% after the auto maker reported stronger-than-expected earnings. On the data front, the leading economic index fell 0.8% in June to mark the fourth straight monthly decline. The Dow Jones Industrial Average index rose 0.5%, the S&P 500 gained 1.0% and the Nasdaq Composite finished 1.4% higher.

Asian equity markets were mostly higher today to record their best week in months on Friday. The Nikkei 225 in Tokyo rose 0.40% to make gains for a seventh successive day after Japan reported its inflation rose at a slower pace in June, with food prices growing 6.5% year-on-year compared to 12.3% in May. The Bank of Japan has indicated that it does not intend to raise its interest rate to counter inflation. Elsewhere, Korea, the Kospi in South Korea declined 0.66% and the Shanghai Composite index finished less than 0.1% lower.

Over in Europe, stocks were mixed-to-lower in early deals. Fresh data showed that the German manufacturing and services sectors entered into contraction in July, suggesting the downturn is gathering pace. The European Central Bank hiked its benchmark interest rate for the first time in 11 years on Thursday to suppress inflation in the eurozone. All eyes will now turn towards the Fed next week. US futures are keeping slightly lower in early pre-market trading.

The dollar rallied strongly on Friday after yesterday’s retreat. The USD index is back above the 107.00 figure and could exceed the 107.50 zone in the near term should risk sentiment deteriorate further. EURUSD fell today amid disappointing economic data out of Germany, adding to recession worries after yesterday’s rate hike by 0.5%. the pair slipped back below 1.0200 to extend losses to 1.0130, which implies the shared currency could challenge parity again if the pressure doesn’t abate any time soon.

Tags: Bank of JapanDollarDOW 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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD demand persists across the market

August 16, 2022 06:49
13
Euro rises despite а stronger dollar
Fundamental analysis

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar buoyed at the start of the week

August 15, 2022 05:39
14
Investors stay nervous as tensions escalate
Fundamental analysis

Investors start the week on a cautious note

August 15, 2022 05:25
15
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
17
Equity markets mixed ahead of the weekend
Fundamental analysis

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
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

Euro falls across the board, dollar on the offensive

May 22, 2020 10:27
17
All eyes on ECB and inflation

Focus shifts from Fed to ECB

December 16, 2021 03:40
10
Euro rejected from fresh highs, yen demand persists

Euro still lacks the upside momentum, USD stuck at 111.50

March 25, 2020 12:21
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