Photographer: Brendon Thorne / Bloomberg
Photographer: Brendon Thorne / Bloomberg
The dollar was stable and stocks were ready for a cautious start to the month as investors dug up data showing Chinese manufacturing missed forecasts.
The Australian dollar slipped after Perth in the Western Australian state went into a five-day lockout due to a coronavirus outbreak. The New Zealand dollar was also lower in early Monday trading. Futures marked a mixed start after the S&P 500 Index lost nearly 2% on Friday. The yield on 10-year Finance ended last week at around 1.07%.
A sharper slowdown in Chinese manufacturing has reminded investors that the global economic recovery from the pandemic remains fragile. Global stocks fled from full-time highs last month and last week’s losses plummeted as retail trade created damage in some U.S. segments and traders posted an uncertain outlook. -in to use coronavirus vaccines.
There was a huge rally of equity markets since early November backed by positive vaccine news, increased fiscal stimulus and cash discounts, ”said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. they are stretched and vulnerable to correction. we may now begin to see how investors await hard evidence that the vaccines are working and that Congress will pass on more U.S. incentives. ”
Meanwhile, in China, the central bank he said he will not raise loan costs any longer after growing concerns about money pressure. Separately, indices of the country’s purchasing managers over the weekend showed that Asia’s largest economy expanded in January but lost pace more suddenly than expected.
Here are some of the main upcoming events:
- A steamy employment season is on as companies report results, including Alibaba, GlaxoSmithKline, Ferrari, Exxon Mobil, BNP Paribas and Yum! Marcas.
- The Australian Reserve Bank of Australia’s policy decision will come on Tuesday.
- Wednesday will see an EIA crude oil investment report.
- The Bank of England sets rates on Thursday and then comes the Indian central bank policy decision as well.
- The January U.S. pay report is due Friday, giving the first look at hiring in 2021.
Here are the main trends in markets:
Stockings
- The S&P 500 fell 1.9% on Friday.
- Japan’s Nikkei 225 futures rose 0.2% on Friday.
- Hang Seng Index futures fell 0.4% on Friday.
- Australia’s S & P / ASX 200 chart slipped 0.5% on Friday.
Money
- The yen fell 0.1% to 104.76 per dollar.
- The offshore yuan was at 6.4502 per dollar.
- The euro bought $ 1.2132.
- The Aussie slipped 0.3% to 76.25 US cents.
- The kiwi declined 0.4% to 71.62 US cents.
Bannan
- Yield on 10-year Finance rose to 1.07% on Friday.
Goods
- Texas West Intermediate crude ended last week at $ 52.20 a barrel.
- Gold was at $ 1,847.65 an ounce Friday.