Financial Market News 24.03.2021 Wednesday

110 Aufrufe

  • Danke für die Bewertung! Teile es mit Deinen Freunden!

    Danke für Deine Bewertung!

admin
Published
DAX in Germany traded 0.5% lower, the CAC 40 in France fell 0.4% and the U.K.'s FTSE index dropped 0.2%. Carrefour (PA:CARR) stock rose 0.4% after the French retail giant announced plans to buy Brazilian food retailer Grupo BIG for around 1.1 billion euros ($1.3 billion). Bellway (LON:BWY) stock fell 1.9% after the U.K.-based house builder put aside another 20 million pounds ($27 million) to cover recladding and other remediation works on its buildings, in the wake of the Grenfell Tower disaster. Oil prices pushed higher Wednesday, steadying after the sharp losses of the previous session, but worries about a slow recovery to demand remain given the fresh lockdowns in Europe and a build in U.S. inventories limited gains. U.S. crude futures traded 2.2% higher at $59.04 a barrel, while the Brent contract rose 2.2% to $62.15. Both benchmarks have still fallen nearly 15% from their recent highs earlier this month. Gold futures rose 0.3% to $1,730.15/oz.

GBP/USD to extend the decline to the 1.3600 level; GBP/USD has been tumbling down amid a worsening market mood and weak UK data. Jerome Powell, Chairman of the Federal Reserve, said that inflation may rise in the coming months, but is unlikely to become persistent. Treasury Secretary Janet Yellen also vowed to assist the recovery but remained mum on the administration's potential infrastructure plans. Yellen and Powell will testify again on Wednesday and other Fed officials will also speak. EUR/USD to suffer further downside as all themes play against single currency trading just above 1.18. Spreading third-wave pandemic cases, renewed lockdowns, spill-overs from Turkey, Chinese retaliatory sanctions on EU entities, ECB’s Lane warning of a difficult 2Q 2021 … the list of EUR-negatives appear exceptionally long as this juncture. The breach of the 200-day MA (1.1863) adds a further negative from a technical perspective. Look for further downside for now, with the multi-session target potentially a distance lower at 1.1690/00, then 1.1610/30 (Sep/Nov 2020 lows). Dollar Climbs; Covid Concerns and Potential Tax Rises Hit Sentiment.
Kategorien
Corona Virus aktuelle Videos
Kommentare deaktiviert.

Als nächstes

Яндекс.Метрика Top.Mail.Ru