Risk-on sentiment continued on Tuesday, as the market expects the White House will soon launch another economic stimulus package to tackle the pandemic-driven recession. On the other hand, Trump and his administration clarified the trade deal with China is “fully intact”, assuring the whole market. All three Wall Street indexes rose on Tuesday, of which the Nasdaq advanced 0.74%. Xem thêm
Market sentiment improved on Friday earlier session as the investors believed that the China-US tension eased after the closed-door meeting in Hawaii. It is reported that China will accelerate the purchases of the US agricultural products, which boosted the Wall Street. However, the risk of the second wave of coronavirus pandemic sparked the fears. Three major indexes lost all the gains in the late session. Xem thêm
The rise in new coronavirus cases is now one of the key concerns again, with more than 8.4 million confirmed cases worldwide and more than 450000 deaths. The risk of reopening economic activities is going to be higher and higher, which may slow down the recovery unless the vaccine has been developed. Xem thêm
On Tuesday, the three major Wall Street indexes all rose, of which the DOW jumped more than 2%. The record-setting US retail sales figures, another potential $1 trillion fiscal stimulus from the White House and the positive coronavirus trial test result sparked the rally. Xem thêm
Last Friday, the three major Wall Street indexes bounced back by more than 1%, of which the Dow closed nearly 2% higher, after experiencing a sharp decline on Thursday. Stocks in Asian region were little changed in Monday morning session. Some investors believed that the markets were over-adjusted so that released buying interest at the low. Xem thêm
On Wednesday, the Fed said that it would keep the interest rates near zero until the end of 2022 after the FOMC meeting. Even the Fed actually met expectations, investors feel gloomy after digesting the Fed actions, which likely indicated a pessimistic outlook of the US economy. Fed members projected that the US economy would shrink 6.5% this year and the unemployment rate would be 9.3% at the end of the year. Xem thêm
Gold market was under pressure recently. Although the China-US tension is still a concern, investor sentiment has improved a lot due to the good figures in Non Farm Payrolls last Friday. Xem thêm
The Non-farm Payroll figures last Friday showed a surprising improvement in the labor market of the US. Risk appetite was further boosted by the hopes of global economy recovery, dragging down the safe-haven demand. Xem thêm
Market sentiment was very cautious on Friday before Trump’s press conference. Investors were worried that the US would take aggressive measures against China, including economic sanctions. However, President Trump did not mention much that the traders feared. With lack of details, the Wall Street bounced back in the US late session, which the Dow edged lower, S&P 500 rose 0.48%, and the Nasdaq performed the best closing 1.29% higher. Xem thêm
It is reported that President Trump will hold a press conference regarding “China” on Friday. Investors are worried the escalation of tension between China and the US, causing a sharp retreat in Wall Street, giving up all the gain of the day after the news. The Wall Street three major indexes all edged lower finally. Xem thêm