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
Market Outlook
ZFX: Stock markets were mixed as optimism of vaccine hopes faded - Zeal Capital Market

ZFX: Stock markets were mixed as optimism of vaccine hopes faded

17-07-2020 09:22

Stocks in Asia Pacific Region were mixed on Friday, following the bearish momentum of Thursday’s fall in the US. The initial jobless claims data of the US missed expectations, hurting the positive sentiment amid the recent vaccine hopes.

 

Furthermore, investors were cautious about the tensions between China and the US. Reuters reported that Trump’s administration is considering imposing travel ban of the US to all members of the CCP and their families.

  

ZFX analyst Jacob Leung said that, the optimism from the vaccine hopes is fading out. We can’t expect it can be supportive to the stock markets for so long. No good news from the second wave of pandemic would be a main obstacle of the economic activities, which is implying the unsatisfactory jobless data on Thursday.

In FX market, the dollar edged higher as the second wave of the coronavirus outbreak in the US obviously curb the economy reopening, boosting safe-haven demand. The confirmed cases of new coronavirus over the world exceeded 13.8 million, nearly 590000 death.

  

ZFX analyst Jacob Leung said that, so far there is no clear theme in the various markets. We should be aware that the markets in short term sometimes move with no direction while the market sentiment was just ups and downs, causing unusual fluctuations.

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.