Market Overview - Page 353

With the S&P 500 down near 10% so far this year, some funds have managed to beat the stock market by investing in two emerging sectors: work-from-home and telemedicine companies. Although the U.S. stock market is still in the red.

Stock futures traded higher early Tuesday morning to begin a holiday-shortened week, as optimism about a potential coronavirus vaccine built. Futures on the Dow Jones Industrial Average jumped 416 points, pointing to an implied opening jump of around 429 points..

The global economy’s most important commodity is in serious trouble. Oil prices slumped from near $50 to $20 over just 11 days in March, breaking the market’s back. The coronavirus was spreading at alarming rates and countries were going into.

Home prices are likely to experience upward pressure later in the year, as U.S. housing market data indicate an approaching drop in supply. New housing starts fell to their lowest level in five years in April, signaling a coming drop.

Ifo’s German business climate index exceeded expectations in May, which helped the euro trade Monday. The indicator of business conditions increased from 74.2 to 79.5 (78.3 expected). The growth was due to an increase in the expectation’s component from 69.4.

Asian stocks began the week in mixed fashion as traders weighed more signs of economies reopening around the world against the rise in U.S.-China tensions. Hong Kong shares extended Friday’s slide, following police clashes with protesters marching against China’s move.

The trading session on Monday set to be at reduced volumes as the US and UK exchanges are closed for Memorial Day. Against this background, the dynamics of the currency market may be more revealing, and there is a reason.

A new poll from President Donald Trump’s formerly favourite television news network, Fox News, provides a sobering glimpse at the president’s popularity in the middle of the coronavirus pandemic and a bleak outlook for his re-election chances in the November.

The debate over whether or not the U.S. stock market will be able to continue with its impressive rally raged on last week. Bulls rejoiced with positive vaccine news and Federal Reserve Chair Jerome Powell’s promise to do what it.

Americans sunbathed on beaches, fished from boats and strolled on boardwalks this holiday weekend, but the occasional person wearing a mask was a constant reminder that the world is still battling the coronavirus pandemic. The Memorial Day weekend that signals.

Asia markets rose on Monday as investor sentiment remained resilient despite growing concerns over the U.S.-China relationship, but Hong Kong shares declined. Australia’s benchmark ASX 200 was up 1.53%, with all sectors trading higher. In Japan, the Nikkei 225 index.

The U.S. government will likely impose sanctions on China if Beijing implements national security law that would give it greater control over autonomous Hong Kong, White House National Security Advisor Robert O’Brien said Sunday. The draft legislation represents a takeover.