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Stocks slide on virus concerns; dollar advances: markets wrap

MONEYWEB app instead? Treasuries ticked higher. 08:38  Image: Michael Nagle/Bloomberg Stocks fell with US futures Tuesday as a new variant of the coronavirus and a slew of lockdowns and travel curbs dimmed the outlook for the global economic recovery. The dollar advanced. Shares fell more than 1% in most markets and a gauge of Asia-Pacific shares slid the most this month. S&P 500 futures declined after the benchmark fell Monday, with Tesla the biggest drag in its first day of trading on the index. European contracts erased gains. Treasuries ticked higher, while crude oil slumped for a second day. The virus outbreak continues to escalate. Taiwan reported its first locally transmitted infection since April, ending the world’s longest stretch without a domestic infection and highlighting how insidious the virus remains.

Dollar Risks Sharp Fall Into Year-End, These Five Charts Show

Greenback at Risk of Sharp Year-End Drop to Cap a Miserable 2020 Bloomberg 12/22/2020 Michael G. Wilson (Bloomberg) The dollar is heading into the year-end vulnerable to a sharp extension of the bear run that’s shaped global currency markets since March. Long-term trends on technical charts stretching back over the past decade reveal multiple trigger points that could see the greenback shoot lower against a host of key currencies. Poor liquidity, lightly-staffed trading desks, defensive price-making engines and reduced seasonal demand add to the potential for outsized moves. Read More: Dollar Reversal Pattern in the Making Signals Another 15% Drop The Bloomberg Dollar Spot Index has bulldozed down through a multi-year uptrend and a closely-watched Fibonacci level. The 50% retracement of its trough-to-peak move since 2011, which halted the greenback’s most recent rout in early 2018, is being challenged again.

Furtures Rebound As Stimulus Optimism Trumps Mutant Virus Gloom

Furtures Rebound As Stimulus Optimism Trumps Mutant Virus Gloom
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

U S stocks drop most in four weeks on virus angst

U S stocks drop most in four weeks on virus angst
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

S&P 500 slumps on virus angst after European rout

S&P 500 slumps on virus angst after European rout
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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