by JustForex
European stocks moved up after a rebound in trade supplies. Earlier, the border crossing was blocked due to the worsening epidemiological situation. At the same time, the market got to know about the rejection of Boris Johnson’s offer for mutual concessions by the European Union. The EU still refuses to reduce the cost of fish products by more than 25%. However, officials assure that both sides are ready to make a “final push” and that “a deal is still possible.”
US equity futures have faltered after the statements from Donald Trump, who criticized the pandemic relief bill. This triggered a 0.25% pullback in the S&P 500 futures after falling by 0.7%. It requires lawmakers to increase the stimulus payments to $ 2,000 from the $ 600 indicated in the document.
On the one hand, the appeal appears to be positive for the market. But, on the other hand, Trump’s comments may cause a new disturbance in the markets, since it may take more time to bring the bill into practice. The House Speaker Nancy Pelosi is now pointing to the need for larger individual checks on incentive payments and said that the House of Representatives will try to deal with the additional measure during Thursday’s meeting.
It seems that the stock and foreign exchange markets aren’t yet ready to “press the sell button” and have taken a wait-and-see approach. The credit market is traded in different directions. German Bonds and British Gilts lost profitability, while the US Treasuries moved higher.
Major stock indices opened in different directions:
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
S&P 500 (F) 3,687.62 +10.37 +0.28%
DAX 13,508.05 +89.94 +0.67%
FTSE 100 6,449.85 -3.31 -0.05%
USD Index 90,325 -0.221 -0.24%
- – United States Initial Jobless Claims at 16:30 (GMT+2).
- – Canadian GDP (MoM) (Oct) at 16:30 (GMT+2);
- – New Home Sales in the United States (Nov) at 18:00 (GMT+2);
- – US crude oil reserves at 18:00 (GMT+2).
by JustForex
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
- Today most financial markets are closed due to the Good Friday holiday Mar 29, 2024
- Gold’s Price Reaches New Heights Amid Global Market Uncertainty Mar 29, 2024
- AI Revolution and NVDA: Why Tough Going May Be Ahead Mar 28, 2024
- GBP Consolidates Amid Concerns Over Economic Growth and Wage Trends Mar 28, 2024
- The Australian and German indexes set all-time highs. The Reserve Bank of South Africa kept the rate at 8.25% Mar 28, 2024
- Target Thursdays: EURGBP, GBPUSD & Crude hit targets! Mar 28, 2024
- EURSEK: Hits fresh 2024 high at 200-day SMA Mar 27, 2024
- Australia has seen a decline in inflationary pressures. Japan may conduct currency intervention shortly Mar 27, 2024
- Australian Dollar Slides to Three-Week Low Mar 27, 2024
- Trade restrictions between the US and China are intensifying. Japan’s currency diplomats talk about possible intervention to support the yen Mar 26, 2024