FXTM Forex Market News

2021-05-13 15:03:27 Stock markets are continuing to suffer across Europe today as the inflation scare rattles equity investors worried about rising prices affecting their portfolios. The FTSE 100 was down nearly 2.5% at one stage while the index of the top 600 companies in Europe is down 1.7%. Prospects of sustained higher inflation can depress stock prices by lowering the real returns from dividends as interest rates are raised. Gold and oil are being sold too while Bitcoin is trading below $50,000 after it was down nearly 10% overnight after Elon Musk revealed Tesla would no longer be accepting the... Read More (https://www.forextime.com/market-analysis/sea-red) Open / Comment

2021-05-13 15:03:27 A sea of red
https://www.forextime.com/market-analysis/sea-red Open / Comment

2021-05-13 07:28:50 Market fears surrounding US inflation has fuelled declines in global equities, with Asian benchmark stock indices falling in tandem with the drop in US stocks.

On Wednesday, the Dow fell 1.99% to register its largest single-day loss since January, wiping out all of its month-to-date gains, while the S&P 500 and the Nasdaq dropped by more than two percent respectively.

The MSCI Asia Pacific index followed suit on Thursday morning by erasing all of its year-to-date gains.

Markets spooked by higher-than-expected CPI

Wednesday’s US inflation data release shoulders much of the... Read More (https://www.forextime.com/market-analysis/inflation-angst-roils-markets) Open / Comment

2021-05-13 07:28:49 Open / Comment

2021-05-13 07:28:49 Inflation angst roils markets
https://www.forextime.com/market-analysis/inflation-angst-roils-markets Open / Comment

2021-05-12 18:50:46 There had been a lot of questions and much anticipation around US CPI and today’s release didn’t disappoint with the 4.2% headline and 3% core numbers coming in way above estimates of 3.6% and 2.3% respectively. That is the biggest headline number since 2008 and core print month-on-month since 1995. The index for used cars and trucks rose a whopping 10% in April, which accounted for over a third of the seasonally adjusted increase and was the largest one-month increase since records began in 1953! Markets have reacted accordingly with Nasdaq futures down 1.5%, the dollar higher and gold... Read More (https://www.forextime.com/market-analysis/us-inflation-fuels-policy-debate) Open / Comment

2021-05-12 18:50:46 Open / Comment

2021-05-12 18:50:45 US Inflation fuels the policy debate
https://www.forextime.com/market-analysis/us-inflation-fuels-policy-debate Open / Comment

2021-05-12 13:29:24 It has been a challenging year for Disney thus far.

The magic kingdom continues to nurse deep wounds inflicted by the pandemic.

Since the start of 2021, shares of the entertainment giant have gained a paltry 0.27%, underperforming against the S&P 500’s 10.5% gain over the same period.

Although the Covid-19 menace has dished out much pain, it has also provided opportunities. Given how the re-opened theme parks are operating at a lower capacity and the cruise line business remains closed, this may negatively impact Disney’s second-quarter results. However, the streaming... Read More (https://www.forextime.com/market-analysis/disney-earnings-preview-what-you-need-know) Open / Comment

2021-05-12 13:29:23 Open / Comment