• Latest
  • Trending
  • All
In Italy, the government is discussing a stimulus package amid the virus outbreak

Market sentiment remains choppy despite supportive measures

March 5, 2020 11:06
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 » Market sentiment remains choppy despite supportive measures

Market sentiment remains choppy despite supportive measures

In Italy, the government is discussing a stimulus package amid the virus outbreak

by Stephen Soo
March 5, 2020 11:06
in Fundamental analysis
0
In Italy, the government is discussing a stimulus package amid the virus outbreak

Wall Street indices resumed the ascent and continued to regain ground overnight as investors were digesting the latest Democratic primary results.  JosephBiden, the former US vice president, had notched an unexpectedly strong showing in the Super Tuesday primaries. Also, the House voted to approve an $8 billion emergency funding deal to address the coronavirus, which added to the upbeat sentiment in the markets. 

On Thursday, Asian stock markets followed suit and saw decent gains during the session amid further signs that global policymakers are actively fighting the negative impact of the coronavirus outbreak. Of note, the International Monetary Fund made available about 50 billion dollars through its emergency financing facilities for low-income countries, vulnerable to the spread of coronavirus. Against this backdrop, Japan’s Nikkei 225 finished 1.09% higher despite the reports that the bank of Japan may downgrade its economic assessment during the upcoming meeting due in two weeks. 

In Europe, equities opened the day with modest gains but turned negative quickly, as investor worries about the spread of coronavirus resurfaced after Switzerland reported the first death from the virus and Germany said that the total number of cases has increased to nearly 350 from 262 yesterday. In Italy, the government is discussing a stimulus package amid the outbreak. The package that could come as soon as next week will probably amount to 5 billion euros. The negative headlines made the pan-European Stoxx 600 reverse early gains and fall nearly 3% on the daily timeframes. US stock index futures point to a bearish open as well. 

As for the economic data, German February construction PMI arrived at 55,8 versus 54.9 previously. The continuing rise in construction activity is a welcome sign for Europe’s largest economy but the growth rate could slow in the month to come as it was in 2019. Anyway, EURUSD resumed the rise and has already reversed yesterday’s losses, hovering above 1.1150. At the same time, the euro still lacks the bullish impetus to challenge the 1.12 barrier once again. As long as the pair remains below this level, downside risks are still there despite the recent bounce. 

Tags: Bank of JapanEURUSDNikkeiStoxx 600
Share6Tweet4
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

Minutes of the Federal Open Market Committee, September 15-16, 2020

October 7, 2020 20:27
10

Bostic says the Fed needs to do more to address racial economic impact from the pandemic

October 19, 2020 11:13
10
RBA cuts interest rates to an all-time low of 0.5%

Stocks in a recovery mode, bitcoin struggles in the middle of the range

March 3, 2020 12:44
25

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