A cautious start to a busy week

A cautious start to a busy week

A cautious start to a busy week   By Hussein Sayed, FXTM Analyst Following a solid start to the year, investors are turning more cautious as data continues to be released, corporates present their outlook for 2021, President-Elect Joe Biden sets out his economic plan, and most importantly developments around Covid-19 continue. Asian stocks traded mixed today despite data showing that China’s economy bounced back strongly in the final quarter of 2020. The world’s second-largest economy reported 6.5% growth in Q4, well above estimates of 6.1%. Industrial production also beat…

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Investors little moved by the Presidential Debate

Twitter Stock

By Hussein Sayed ________________________ There is no doubt whoever becomes the next President of the United States of America will influence investor’s decisions, but it seems we are no clearer in knowing who that will be after the first presidential TV debate. After a chaotic and messy debate between President Donald Trump and Democratic nominee Joe Biden where both candidates spent most of their time trading personal insults, markets didn’t initially like what they were seeing. The American people too were left frustrated and stock market futures sold off. However,…

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Stocks slightly higher ahead of big events

US stocks dropped on Tuesday as investors mulled Senate

By Hussein Sayed ____________________ Equity markets in Asia along with European and US futures edged slightly higher early Monday as investors grapple with many variables that could bring increasing amounts of volatility in the week ahead. The Dollar gave up some gains but is still hovering near a two-month high, as rises in Covid-19 cases and political uncertainty held back investors from selling the Greenback. Meanwhile, fears of weak demand kept Oil prices under pressure and on track for a first fall in several months. First US Presidential TV Debate…

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US futures fluctuate following tech bounce; eyes on the ECB

Global stock

By Hussein Sayed After entering correction territory on Tuesday with an 11% decline from the highs, the c 100 rebounded strongly on Wednesday rising 3% and led by the most beaten-up stocks, with Zoom Video Communications and Tesla up 11% on the day. While a drop of this size from the peak sounds like a steep correction, it remains a minor one given the index had rallied 83% from the March lows in a mere five months. With a price to earnings ratio of 36, valuations for the index are…

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