Stocks, sterling unsettled as new virus strain shuts UK

  • 📰 Reuters
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Asian stocks faltered on Monday as unease over a new coronavirus strain that was shutting much of the United Kingdom offset news a deal had finally been struck on a long-awaited U.S. stimulus bill.

FILE PHOTO: An investor places his hands on the back of his head in front of an electronic board showing stock information at a brokerage house in Hefei, Anhui province, China, May 2, 2012. REUTERS/Stringer

That combined with the lack of a Brexit deal to cut 1% off FTSE futures, while EUROSTOXX 50 futures shed 1.5%. The news saw futures for the S&P 500 jump at first, only to fade to a loss of 0.1% as the session progressed. “Positioning is getting over-extended as policy support and profits are peaking,” he said in a note. “Expectations for higher growth, inflation and lower interest rates have become consensus and investors are positioning for a very rosy scenario of low volatility and high growth.”Another popular trade has been shorting the U.S. dollar and again positioning was looking over-extended by many measures, giving the currency some respite on Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Playing with the minds of the ignorant is a crime, although in the case of the stock market it is their main profit.

O V E R R E A C T I O N...

Day-traders... cue up a payday... said so...

thanks

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks fall amid concern about Georgia Senate voteAsian shares fell on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden's economic policies.
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks mixed early Wednesday even as U.S. puts aside uncertainties to post gainsAsian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald... surging when the insurrections were happening or right afterwards but slow down when things are calming down... that makes sense.
Source: MarketWatch - 🏆 3. / 97 Read more »

Asian stocks eye gains as Brexit deal hopes growAsian shares were set to rise on Thursday ahead of the Christmas break, as global investors cheered a potential Brexit deal and economic recovery prospects, largely ignoring U.S. President Donald Trump's threat to veto a long-awaited COVID aid package.
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks weaken on stimulus worries, dollar holds firmAsian stocks dipped on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration's $1.9 trillion stimulus weighed on sentiment, dragging U.S. Treasury yields to three-weeks lows. Please watch my YouTube videos and subscribe to my Channel, I would like to have 1 million Subscribers. Please Retweet!
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks rise on supportive Fed, Biden’s stimulusGlobal shares and Asian markets rally after Federal Reserve painted a rosy picture of the US economic outlook, repeating a pledge to stick to its guns with an ultra-low monetary policy.
Source: trtworld - 🏆 101. / 63 Read more »

Asian stocks rise after Wall Street highs and on vaccine optimismAsian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines. have they never heard of *INFLATION* 🙄 So
Source: MarketWatch - 🏆 3. / 97 Read more »