Joyce Chang, J.P. Morgan’s chair of global research, sees a battle for digital supremacy on Wall Street.
Archiv für den Monat: März 2021
Too much stimulus in the U.S. may bring ‚imported inflation‘ to China, economists warn
In China, economists are wary of risks to growth as the country tries to recover fully from the shock of the pandemic.
China sets 2021 GDP growth target of more than 6% as premier warns of ‚formidable tasks‘ in finance
Chinese Premier Li Keqiang said the nation aimed for an urban unemployment rate of around 5.5% and targeted the creation of more than 11 million new urban jobs.
Gap forecasts return to sales growth in 2021, sending shares higher despite sales miss
Gap Inc. is calling for a bounce back to sales growth in 2021, hopeful that customers will soon return to its stores and spend more money on apparel.
US futures creep higher ahead of North American trading
S&P 500 futures up 0.3%
US futures have had a bit of a choppy session in European morning trade but are creeping higher now as we move towards North American trading.
US futures have had a bit of a choppy session in European morning trade but are creeping higher now as we move towards North American trading.
Japan PM Suga confirms extending Tokyo state of emergency for another two weeks
Japan prime minister, Yoshihide Suga, makes the announcement official
This just confirms reports from earlier in the week, as Tokyo’s state of emergency is now extended to 21 March. The virus situation in Japan has gotten much better in recent weeks and hasn’t been much of a factor to the economy as of late as such.
This just confirms reports from earlier in the week, as Tokyo’s state of emergency is now extended to 21 March. The virus situation in Japan has gotten much better in recent weeks and hasn’t been much of a factor to the economy as of late as such.
Cable slumps to three-week low amid dollar strength
GBP/USD falls to 1.3800 for the first time since 12 February
The pound lost ground and cable fell back under 1.4000 and has struggled to get back above that this week, before extending its decline in the past few sessions.
The pound lost ground and cable fell back under 1.4000 and has struggled to get back above that this week, before extending its decline in the past few sessions.
Risk keeps more cautious, Treasuries calmer for now
Equities stay on the defensive even as bonds are seen calmer so far today
Dip buyers were a little interested at the tail-end of Asian trading but the mood has turned since with S&P 500 futures seen down 0.4%, Nasdaq futures down 0.6%, Dow futures down 0.4%, and Russell 2000 futures down 0.8% currently.
Dip buyers were a little interested at the tail-end of Asian trading but the mood has turned since with S&P 500 futures seen down 0.4%, Nasdaq futures down 0.6%, Dow futures down 0.4%, and Russell 2000 futures down 0.8% currently.
Dollar rallies further on post-Powell momentum
Dollar pushes to fresh highs for the year
AUD/USD has slumped to a fresh low since 8 February below 0.7700 as it leads the drop in the major currencies space today. Adding to that is EUR/USD pushing to a fresh low of 1.1915, its lowest level in three months as highlighted earlier.
AUD/USD has slumped to a fresh low since 8 February below 0.7700 as it leads the drop in the major currencies space today. Adding to that is EUR/USD pushing to a fresh low of 1.1915, its lowest level in three months as highlighted earlier.