8/4/2021 6:23:50 AM GMT | By Yohay Elam
Here is what you need to know on Wednesday, August 4:
Markets are cautiously optimistic despite the spread of coronavirus in China and the ongoing techlash. ADP Nonfarm Payrolls, the ISM Services PMI and a speech by the Fed Vice-Chair stand out. NZD/USD is on the rise while cryptocurrencies are under pressure.
China is facing its worst COVID-19 spread since the disease originated in it back in late 2019. Worries about significant lockdowns somewhat weighed on Asian stocks but S&P 500 futures remain positive. Investors in the region are also worried about
Beijing s ongoing persecution of large tech firms, with the current ire focused on the gaming sector.
Forex Today: Dollar retreats with yields, markets wary of Chinese cooling, US stimulus news eyedNEWS |
4/6/2021 6:33:57 AM GMT | By Yohay Elam
Here is what you need to know on Tuesday, April 6:
The market mood is somewhat cautious as China is reportedly curbing credit while mixed reports about US stimulus also give investors a pause after sending US stocks to record highs. AUD/USD is edging higher after the RBA and several figures are eyed.
One day after the
S&P 500 and the DJIA hit record highs, Asian stocks and US futures are on the back foot amid worries that China would curtail loan growth, to prevent credit bubbles. The cooling may last until the end of the year. On the other hand, the Caixin Services Purchasing Managers Index beat estimates with 54.3, showing robust activity in China.