Asian shares were mostly lower Monday as last week’s bullish sentiment showed signs of slowing down. Japanese markets were down by almost 1%.
Trading across other emerging Asian stocks markets remained subdued despite a better-than-expected economic reading from China, the region’s largest trade partner, as weaker U.S. retail sales and rising global coronavirus cases kept investors cautious.
Australian shares ended lower on Monday, as the emergence of a fresh COVID-19 cluster in the state of New South Wales and news that the country may not fully reopen its international borders this year despite the vaccination drive dented sentiment.
A big theme that most traders will likely be watching ahead this coming week is what happens with the US fiscal policy as Joe Biden prepares to be sworn in as the 46th US president. Some investors consider that some of the losses in equities last week may have been as a result of investors’ pricing in a slimmer than expected version of Biden’s USD 1.9 trillion relief package.
The week ahead is also quite busy, with earnings season in play: companies like Bank of America, Morgan Stanley, Netflix and Intel are reporting. Soft results from Wells Fargo and JP Morgan this past week may foreshadow another round of dismal figures for bank companies ahead.
The Euro, Japanese Yen and Canadian Dollar are eyeing the ECB, BoJ and BoC respectively. Chinese fourth-quarter GDP will have key insights into the state of global growth. Will a jobs report bring about volatility in Australian Dollar? Europe is going to update economic sentiment indicators. What else is to be expected for financial markets ahead?
If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].
We are Errante. Trading made personal.
Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.
Los CFDs son instrumentos complejos y conllevan un alto riesgo de perder dinero rápidamente debido al apalancamiento. El 33.33% de las cuentas de inversores minoristas pierden dinero al operar con CFDs con este proveedor. Debe considerar si entiende cómo funcionan los CFD y si puede permitirse asumir el alto riesgo de perder su dinero. Lea nuestra Declaración de Riesgos.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
3rd Party Cookies
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!