1/26/2021 2:45:00 PM GMT | By Eren Sengezer
S&P 500 notched a new all-time high after opening bell.
S&P 500 Energy Index is up more than 2%.
Investors remain focused on key quarterly earnings reports.
Major equity indexes in the US started the second day of the week in the positive territory as investors await quarterly earnings figures. As of writing, the S&P 500 was up 0.35% at a fresh record high of 3,870, the Dow Jones Industrial Average was gaining 0.42% at 31,085 and the Nasdaq Composite was rising 0.25% at 13,517.
Among the 11 major S&P 500 sectors, the Energy Index is up 2.1% as the biggest daily percentage gainer after the opening bell. On the other hand, the Utilities Index is losing 0.65%.
Jan 26, 2021 11:52 GMTFXStreet News
NZD/USD turned north after edging lower in Asian session.
US Dollar Index posts small daily gains above 90.40.
Upbeat market mood is helping NZD find demand on Tuesday.
The poor performance of major equity indexes in Asia helped the greenback continue to gather strength against its rivals at the start of the day on Tuesday. After dropping to a daily low of 0.7167, however, the NZD/USD pair staged a rebound on the back of improving sentiment and was last seen gaining 0.1% on the day at 0.7202.
DXY continues to react to shifts in risk perception
Earlier in the day, the data from New Zealand showed that the Business NZ Performance of Services Index rose to 49.2 in December from 46.7 in November but this reading failed to help the kiwi find demand.
Jan 26, 2021 11:22 GMTFXStreet News
USD/CHF added to the overnight gains and edged higher for the third straight day.
A modest pickup in the USD demand turned out to be a key factor driving the major.
Recoverin in the European equities undermined the CHF and remained supportive.
The USD/CHF pair climbed to near one-week tops during the early European session, with bulls now awaiting some follow-through strength beyond the 0.8900 mark.
A combination of supporting factors assisted the pair to build on the previous day’s positive move and edge higher for the third consecutive session on Tuesday. The US dollar was back in demand amid roadblocks for additional US stimulus measures, which, in turn, was seen as a key factor that provided a modest lift to the USD/CHF pair.
Financial Advisor Mark Grywacheski discussed the expectations for the upcoming number Monday, January 25th. Author: Jonathan Ketz Updated: 7:46 AM CST January 25, 2021
DAVENPORT, Iowa Financial Advisor Mark Grywacheski says the Consumer Confidence Index is released each and every month.
Any number above 100 indicates a belief that the economy s doing well. Any number below 100 indicates the opposite. In April of 2020, the index plummeted to 85.7. By September, it d gotten back up to 101.3. By November though, it hit 96.1, and by December it had dropped to 88.6.
What will January s number be, and how will it compare to December s? Grywacheski got into the expectations Monday, January 25th.
Consumer confidence falls despite vaccine hope Print
Consumer confidence has continued to fall in January, despite the ongoing roll-out of the covid-19 vaccine programme.
GfK’s long-running Consumer Confidence Index shows confidence decreased two points to -28 in January. Four measures of consumer confidence decreased in comparison to figures released on 18 December, while one measure of confidence increased.
Joe Staton, GfK’s client strategy director, said: “Despite the widespread anticipation of a ‘return to normal’ with the ramp-up of the vaccination programme, it is too early to deliver a jolt in the arm to UK consumer confidence. Our view of the general economic situation still makes for grim reading, especially expectations for the coming year, which shows a nine-point drop. This continues to suppress the overall index, which is further dampened by a weak major purchase score, as reflected in retail sales figures across the country.