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European and US futures are trading lower as there are some concerns among investors that inflation could be getting out of control. Traders believe that if the sharp rise in inflation is not addressed, higher prices may actually hurt the economic recovery. The rise in inflation is primarily due to the two main factors: loose…
Bitcoin is taking no prisoners. The flagship cryptocurrency has now passed a major milestone of $54k, effectively making it the first ever crypto unicorn, with a value of $1 trillion. After gaining over 300% in 2020, Bitcoin’s price is still ascending at an incredible rate. Bitcoin is currently at $53,705, up almost 3% in the…
The European and US stock futures are trading lower on the final day of the week. This is despite the fact that the market players have had an assurance that their addiction is likely to be fulfilled, by way of another stimulus package hit. Remember, the main reason that we have seen so much strong…
European stock futures are trading lower for another day as traders are picking up the momentum from Wall Street. Traders are also concerned about the extension of the coronavirus lockdown in the biggest economy of the eurozone, Germany. It seems like traders have stopped being overly optimistic about the economic numbers. This is because we…
European and US stock futures are trading higher today. The Dow closed at a new record high yesterday; the index posted its eighth consecutive days of gains. The shares of Salesforce led the move for the 30 stock index. The S&P 500, meanwhile, declined 0.06%, while the Nasdaq Composite fell 0.34%. Apple was the main…
European stock futures are continuing their upward trend, and investors are picking up the momentum from where they left off yesterday. Over in the UK, we saw the FTSE 100 index roaring to the upside as investors became a lot more optimistic about the vaccine progress–the country has achieved its vaccine target on time. Over…
The Nikkei Index crossed above the 30K for the first time in nearly 30 years. The economic data which came out of Japan confirmed that the economy is growing 12.7% on an annualized basis in October to December last year. The actual number was much stronger than the forecast of 9.5%. European futures are also…
Stock futures are trading lower on the final trading day of the week. One of the main reasons that we see a bit of hesitancy among investors today is the arrival of the South African coronavirus variant in California. Altogether, there are four US States which have confirmed the new variant. The fact that the…
Traders have taken one message from Fed Chairman Jerome Powell’s statement: the dovish monetary policy is here to stay. The fact that Jerome Powell is not ready to change the narrative on the monetary policy, even if the labour market starts to tighten up, sums everything up. This particular message by the Fed drove the…
Stock futures are trading higher as traders are ready to back riskier assets once again. Investors’ are considering yesterday’s pullback as an opportunity to buy stocks at a lower price. The US stock market snapped its six-day rally yesterday. The Dow Jones Industrial Average slipped 0.03% or nearly 9.93 points to 31,375.83. This was the…
European and US stock futures are trading unchanged today as traders still want to build on yesterday’s gains. February has been a good month for the European and US stock markets. The US stock indices have already recorded several record highs so far this month. The optimism in the market is very much driven by…
Stock futures are trading higher as investors are feeling comfortable in terms of stimulus and monetary policy support. Janet Yellen, US Treasury Secretary, said that there is no reason for the US economy to suffer, hence it is essential that we pass another stimulus package to strengthen the economic recovery. Asian Markets The Asian stock…
European and US stock futures are trading higher on the final trading day of the week, and the US equity market is on track to record its best weekly in nearly three months. Volume in the market is likely to remain soft ahead of the US labour market report—the most important economic event of the…
Equity markets have hit a roadblock today as investors struggle to push markets higher for the third consecutive day. Looking at yesterday’s price action, it became increasingly clear that there is some hesitancy among traders to commit to riskier bets. One of the reasons for this is that investors and traders usually do not like…
European and US stocks soared yesterday, and they are set to extend their gains today. There is no doubt that there is strong demand for riskier assets, and risk-off derivatives have fallen out of love—for now. Looking at yesterday’s European GDP numbers, investors are clear that economic damage wasn’t as bad as they thought, especially…
Stock futures are set to begin the day where they left off things yesterday. All the major stock indices are trading higher as investors continue to bag some bargain. GameStop stock got battered again yesterday, and the stock fell further 30% yesterday. In the after-hour market hours, the stock continued its downtrend. It seems like…
European and US stock futures are set to bounce back up on the first trading of a new month. Traders see the last month’s sell-off as a major opportunity, and this has pushed all the equity indices higher with decent gains. More and more people are getting the vaccine, and economic numbers have started to…
The Stock market recovered its losses yesterday and we experienced a sharp bounce. However, traders have lost that confidence today and stock futures are trading lower once again. GameStop and AMC shares gained in aftermarket yesterday after Robinhood Markets Inc allowed traders once again to trade these shares. Asian Markets The Asian stock market traded…
European and US futures are trading lower as investors focus on one thing: how much damage is being done because of GameStop’s short squeeze. There is no doubt that fund managers had their biggest nightmare come true yesterday. Hedge funds are running for liquidity to save themselves from a major disaster. They are selling their…
European and US stock futures are trading lower as investors are hesitant to place any bigger bets ahead of the most important event of the day—the Fed meeting. We are likely to see higher volatility in the dollar index, gold, and the US stock market. It is pretty much given that no one is expecting…
