ES-mini S&P 500 (futures) struggles to post gains, maintaining a bearish trend. Fed’s aggressive tightening and hot inflation reading weigh on the US and global stocks. Russia’s war and Covid in China keep the risky assets under pressure. On Wednesday, the E-mini S&P 500 (ES) futures contract fell 0.7% after the stock indicator fell to Read More…
The ES fell around 0.6% in premarket as Fed’s rate hike impact weighed on the index. Fed’s Powell announced that he would not consider a 75-bps rate hike in the next meeting. Covid-19 restrictions in China keep global stocks under pressure. The E-mini S&P 500 (ES) futures fell 0.6% in premarket trading. On Wednesday, the Read More…
The E-mini S&P 500 futures (ES) ended a four-day losing streak Monday night after a tech-driven rebound. So, are we on the cusp of a market turn? Elon Musk’s deal with Twitter Yesterday’s stock performance was mixed, despite the positive trend. The benchmark was down 1.7% by midday, but buyers hadn’t emerged yet. Ultimately, the Read More…
Crude oil slips lower as the COVID spread in China deteriorates amidst lower risk sentiment. Higher interest rates are weighing on CL futures. Tight oil supplies provide some support to the falling prices. The crude oil futures (CL) price fell nearly 5% on Monday, extending a decline that began last week amid worries about the Read More…
Crude oil futures tend to fall further amid rising Covid in China. The release of the US oil supply may fuel the bears further. The technical bias remains on the downside. During mid-morning trading on April 11 in Asia, crude oil futures (CL) fell on concerns over China’s handling of the COVID-19 surge and stockpiling Read More…
A “V-shaped” economic recovery with clarity regarding the rollout time of the Covid-19 vaccine and the continual fiscal policy support will generate a positive outlook for stocks and credits come 2021. Anytime the economy as a whole recover quickly and returns to its original levels before the recession without drawing big sectors or groups with Read More…
