Big tech rebound ahead of earnings, Oil slips

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

Oil Nouvelles

Equities,Bonds,Centralbanks

Week started on a bullish note in Europe and the US as Jow Biden’s decision to leave the presidential race didn’t impact the market mood.

The S&P500 rebounded 1% following its worst week since April on a Big Tech selloff and on rising worries that a second term for Donald Trump in the White House would worsen the global trade relations. Nasdaq 100 gained more than 1.50% as Magnificent 7 climbed 2.5% led by a nearly 5% jump in Nvidia and a more than 5% jump in Tesla. Tesla and Google are due to report earnings today after the bell, and their results – or the reaction to their results – could shift the wind in either direction.

In the same context, Mc Donald’s is also looking to extend its $5 value meal in most Us markets as they think that the deal boosts traffic in its stores. All encouraging news for your central bankers. FX, bonds and energy The US 2-year yield consolidates near the 4.50% level, the 10-year yield is sitting close to 4.20% and the US dollar index remains offered near its 200-DMA. But the USD weakness is countered by higher expectations of rate cuts from other major central banks.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Manhattan is becoming a 'buyer's market' — blame people fleeing to FloridaBig incomes, big behinds with big portfolios are moving to big nothing Florida, which has big alligators but small taxes.
La source: nypost - 🏆 91. / 67 Lire la suite »