empty
 
 
10.09.2020 04:02 PM
Stock indices of US and Asia rise whereas in Europe, pressure becomes stronger

This image is no longer relevant

On the stock markets of the United States, trading on Wednesday ended in a positive mood. The main stock market indicators rose against the background of an increase of securities of companies in the technology sector. At the same time, technology companies registered almost the highest daily jump in the last four months. This allowed them to neutralize almost all previous losses.

Notably, yesterday, the indices showed a slump. The Nasdaq Composite, for example, sank by 4% during the tech sector's stock sell-off. Its total losses for three days were around 10%, despite the fact that earlier it stood on its maximum record levels. The S&P500 has generally become the leader of losses in recent days: its reading sank to the lowest levels recorded in June.

According to most analysts, the sharp collapse in technology stocks was triggered by the fact that investors began to fear that the previous rapid growth would lead to an extremely unstable position, which can collapse at any moment. No one waited for the slump, which led to a sharp sell-off.

However, yesterday the tech sector began to recoup its losses: it advanced by 3.4%, which was the biggest increase for the day. There was a jump that experts warned about. At the same time, their forecasts for further upward movement are quite restrained. There are big doubts that growth will continue as it is expected to be very limited by several factors.

However, the climb in the main stock indices has already slowed down on the background of news that China's company ByteDance and the authorities of the United States have begun negotiations on ways to sell the TikTok platform to the American side.

The Dow Jones Industrial Average was 1.6% higher, or 439.58 points, at the close of the trading session, which allowed it to rise to 27,940.47 points.

The Standard & Poor's 500 index gained 2.01%, or 67.12 points. Its value at the close of trading was 3,398.96 points.

The Nasdaq Composite index was the leader of the rise: its gain was 2.71%, or 293.87 points. It stopped at 11,141. 56 points.

The stock markets of the Asia-Pacific region also noted an increase in the main indices. The positive news from America also encouraged Asian investors.

Analysts believe that the recovery in markets is a good sign that hints that investors continue to believe in the sustainability and prospects for economic growth in the region. Market participants are even more hopeful about the possible rapid release of a vaccine against the coronavirus infection. Even some of the problems noted during the clinical trials of the new drug could not put too much pressure.

However, there are some worrying points. First of all, it is today's meeting of the ECB, the main regulator of the European region. Investors expect that the European Central Bank will not ratify the next batch of stimulus measures, but it may begin to create conditions for the introduction of a more lenient monetary policy, which it intends to switch to by the end of this year. Moreover, there is a high probability that the euro may lose in value. At the moment, it is trading at its two-year high of $1.2.

Japan's Nikkei 225 index was up 0.8% this morning.

China's Shanghai Composite index gained 0.4%. Hong Kong's Hang Seng index followed the positive trend and rose by 0.2%.

South Korea's Kospi index jumped by1.1%.

Australia's S&P/ASX 200 index inched up by 0.3%.

European stock markets are in the negative territory this morning. The reduction was logged in almost all areas. The reason for this is the expectation of the results of the ECB meeting, which is quite nervous for market participants. Of course, the regulator's rejection of new stimulus measures may create some problems in the region, but further easing of monetary policy will help strengthen the economy. Meanwhile, the single currency may be extremely sensitive to any decisions of the regulator, which will force it to fall.

Another serious problem is the unresolved issue of the Brexit agreement between the UK and the EU.

The general index of large enterprises in the European region Stoxx Europe 600 fell by 0.31% in the morning and was at the level of 368.5 points.

The index of the UK FTSE 100 slipped by 0.61%. The German DAX index registered a slight drop of 0.05%. France's CAC 40 index went down by 0.41%. Italy's FTSE MIB lost 0.16%. Spain's IBEX 35 index inched down by 0.44%.

Maria Shablon,
Pakar analisis InstaForex
© 2007-2024
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback