minus academy faq plus academy faq Check in circle Apple Android Home Magnifer Calculator Mail Email Facebook Twitter RSS Linkedin Linkedin hollower Headphones Wechats Instagram Line Mail 2 Phone Phone 2 Minus Plus Arrow right Arrow left (variant 2) Arrow right (variant 2) Brand logo Brand logo not filled Hamburger Flag of the Hong Kong Flag of the US/GB Flag of the US/GB Flag of the US/GB Flag of the China Flag of the China Flag of the China (traditional) Flag of the Taiwan Flag of the Hong Kong Flag of the Spain Flag of the Russia Flag of the France Flag of the German Flag of the Portugal Flag of the Italy Flag of the Poland Flag of the Czech Flag of the Hungary Flag of the Sweden Flag of the Bulgarian Flag of the Finland Flag of the Lithuania Flag of the Denmark Flag of the Croatia Flag of the Estonia Flag of the Norway Flag of the Romania Flag of the United Arab Emirates Flag of the United Arab Emirates Flag of the Indonesia Flag of the Malaysia Flag of the Korea Flag of the Korea Flag of the Samoa Flag of the Vietnam Flag of the Thailand Flag of the Japan Cross Cross large User Arrow down Arrow up Cube Info list Data comunication Clock Slash

ZFX: Risk-on mode returns! Stock markets boom

ZFX: Risk-on mode returns! Stock markets boom - Zeal Capital Market

On Monday, Asian stock markets are all trading higher as investors are optimistic towards the deal of 15 economies in the region that formed the largest trade alliance in the world. The trade deal, called “The Regional Comprehensive Economic Partnership, RCEP”, is to mainly reduce tariffs across many areas.

 

Global markets have already surged mainly due to the hopes on vaccine development last week. Overall, the bullish sentiment dominates despite the fears over the coronavirus pandemic. As the latest report, more than 54 million cases have been reported globally, with more than 1.3 million deaths.

 

Base on the “Cash is king” logic, dollar once again slipped against the major riskier currencies. Dollar index is narrowly ranging around 92.6 level. The euro bounced to 1.18 area even investors were not that bullish on the economy of Eurozone, with the strict lockdown measures recently. On the other hand, the Sterling is trading higher at 1.32 level, however with no good news regarding the EU-UK talks, and the gloomy economic outlook of the UK. The weakness of the dollar showed risk appetite among the traders, but not the fundamental judgement.

 

Of course, the traders may weigh the vaccine development and the resurgence of global coronavirus cases in the next few weeks. Also, many traders have already rebalanced their portfolio over the win of Biden. It is expected that the court fight by President Trump administration is unlikely to succeed.

 

European stocks are expected to open higher on Monday, following the momentum of Asian session, as well as the US futures.

 

 

Risk Warning: The above content is for reference only, and does not represent ZFX’s position. ZFX does not assume any form of loss caused by any trading operations carried out in accordance with this article. Please be firm in your thinking and do the corresponding risk control.

Share

Share on facebook
Share on twitter
Share on linkedin

Tags