Wednesday D. Trump press conference keeps market cautiousToday correction sentiment strengthened in global markets. The loss of upside momentum and a gradual transition to wait-and-see position comes amid approaching D. Trump inauguration and his first press conference, which will take place on Wednesday.
Is dollar correction over? Or it may not be a correction at all...On Friday, US stock markets finished the first New Year trading week on preholiday levels. NASDAQ has updated historic highs as technological DOW closed the day very close to psychological 20,000 points.
US Labor market data in the focus, Non-Farm will setup US dollar sentimentYesterday US stock markets closed mixed, amid large bunch of data on US labor market, negative outlook for the retail sector for 2017 and strong business activity index in the non-manufacturing and services sectors.
FED minutes intensified US dollar correction; greenback is strong while US index above 102, oil sets to rallyToday European markets started the day in a positive mood as indices traded in the green zone. Positive data from China and US decline in oil inventories had a positive impact on oil and precious metals. Strong oil has traditionally supported European markets. US indexes futures trade flat in the first part of the day.
US dollar and oil expand losses as markets correct but stocks set to rallyToday, European markets are traded in different directions amid sharply declined oil and US dollar corrective mood. Positive European statistics data continue to be published. However, there is a source of negativity in Europe
Markets outlook in 2017We are going to consider the main market global factors and try to identify the main market trends, which we expect to influence the investors in the coming week of the New Year. First of all, despite the political tension caused by Brexit and elections in the United States, global markets rose for the year by approximately 7-9%, with the best results in the US and UK, where markets updated the historical highs.
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