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Investors awaiting US jobs report before making the next move

Investors awaiting US jobs report before making the next move By Opinion By Hussein Sayed US equity futures are struggling for direction this morning after a late tech selloff yesterday sent the Nasdaq lower for a fourth consecutive session. But the Dow Jones Industrial Average managed to advance to a new record high with the support of cyclical industries. European markets are also set for a subdued open following a mixed Asia session which saw Japanese stocks outperforming on their return fro...
Australian Capital Territory Hussein Sayed Federal Reserve Dow Jones Industrial Average ஆஸ்திரேலிய மூலதனம் பிரதேசம் ஹுசைன் என்றார்
Source: iol.co.za

Rand rises against subdued dollar after Fed holds rates

Rand rises against subdued dollar after Fed holds rates By Siphelele Dludla Share JOHANNESBURG - THE RAND rose at a more than one-week high against the greenback yesterday amid a subdued dollar after the US Federal Reserve held interest rates unchanged at near zero. The Fed was steadfast in its attempt to achieve the Federal Open Market Committees target of maximum employment and inflation at the rate of 2 percent over the long term. The rand peaked at R14.15 against the dollar during intrada...
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Source: iol.co.za

Why the reopening of economies could be difficult for cyclical stocks

Over the past few weeks, stock markets have been similarly buoyant, hitting new highs across the world. The broadest measure of stocks in the world’s premier economy, the S&P500 seems to hit fresh records every week or so, while the more volatile technology-heavy Nasdaq index is once more closing in on its highs. Even in Europe, where lockdowns are still ever-present and the vaccine rollout has been slower, Germany’s major stock market churned out an impressive 9 per cent gain in the first ...
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S&P Futures, European Stocks Hit New All-Time Highs As Rates Slide

by Tyler Durden Thursday, Apr 08, 2021 - 07:50 AM European stocks hit a new record highs on Thursday, buoyed by optimism in Britain over easing lockdown restrictions, while the benign outlook on US interest rates revealed in the latest FOMC Minutes where the Fed indicated it will maintain its commitment to supportive policy, helped push S&P futures to new all time highs after the cash index closed at a record on Wednesday. Treasury yields dropped, the dollar slipped and crude oil fell as the p...
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