• Latest
  • Trending
  • All
Stock markets rebound on strong corporate earnings

Markets look tepid ahead of NFP data

August 5, 2022 08:53
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 » Markets look tepid ahead of NFP data

Markets look tepid ahead of NFP data

by Stephen Soo
August 5, 2022 08:53
in Fundamental analysis
0
Stock markets rebound on strong corporate earnings

The data is expected to show nonfarm payrolls increased by 250,000 jobs in July

Wall Street stocks ended mixed on Thursday as investors awaited Friday’s July jobs report for clues on the pace of rate hikes by the Fed. The data is expected to show nonfarm payrolls increased by 250,000 jobs in July after rising by 372,000 jobs previously. The release on Thursday showed that initial claims for unemployment insurance totaled 260,000 last week, in line with estimates. The Dow Jones Industrial Average shed 0.26%, the S&P 500 fell 0.08% and the Nasdaq Composite increased 0.41% to hit a fresh three-month high due to a 2% rally in Amazon stocks.

Asian equity markets rose on Friday ahead of the US jobs data. Japan reported that June labor cash earnings rose 2.2% on a yearly basis, pushing the Nikkei 225 Index nearly 0.9% higher. The Shanghai Composite Index advanced 1.19% while the Hang Seng in Hong Kong finished flat. In individual stocks, shares of Alibaba fell 2.58% after Chinese e-commerce giant reported a flat revenue in the second quarter.

In Europe, stocks were little changed at the open, with markets looking fairly tepid ahead of the NFP data later today. The Bank of England on Thursday hiked interest rates by 50 basis points, as expected. In corporate news, Deutsche reported stronger-than-expected second-quarter profit, but the bank’s shares were just marginally higher early in the session. US stock index futures were slightly higher in early pre-market deals, but the momentum looked modest and cautious.

Meanwhile, the dollar turned slightly positive on Friday after yesterday’s sell-off. The USD index is oscillating around the 106.00 figure during the European hours, struggling to stage a decisive rebound as traders await the employment report. Should the figures disappoint, the greenback will resume the decline across the market as Fed rate hike expectations would abate further amid signs of a weaker job market. On the downside, the key support bow arrives around 105.70-105.60.

Tags: Bank of EnglandDOW JONESfedNasdaqNikkeiS&P 500USUSD
Share4Tweet2
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

Pound corrects higher due to dollar weakness

Dollar demand reemerged after correction

October 5, 2021 06:54
16
Pound corrects higher due to dollar weakness

Dollar decline loses steam

August 24, 2021 06:26
18

Wharton’s Jeremy Siegel: Wall Street could boom in 2021 ‘no matter who is president’

September 28, 2020 11:14
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
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