SPX500 Cautious Start to the Black Friday Week
The broad US index is on the back foot at the start of a holiday-shortened week due to Thanksgiving, which also includes the Black Friday shopping event
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The broad US index is on the back foot at the start of a holiday-shortened week due to Thanksgiving, which also includes the Black Friday shopping event
The pair comes from its first negative week since mid-October and enters its third straight losing day, as markets continue to evaluate the policy path by the two central banks
The United Kingdom was in the spotlight this week, with a series of economic data and the government’s budget, but the pair had limited reaction
The commodity heads towards another losing week, as OPEC and the IEA lowered their demand growth projections, while Covid-19 infections in China are rising
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
The German Index loses steam after its six-week rally and consolidates its gains, as today’s Eurozone inflation report does not help it find direction
The pair finds support this week, but runs a very bad month, as markets pare back their expectations around the Fed’s tightening path
The commodity is having a bad week and pauses its recent recovery, weighed by disappointing data form China and elevated Covid-19 cases
The US index lacks firm direction today as recent geopolitical fears ease and markets assess strong retail sales from the US and a poor quarterly report from retail giant Target
The pair extends its advance this week, helped by encouraging data from Eurozone and the greenback’s post-CPI demise, as market try to look past renewed geopolitical tensions
The pair rises today after the mixed jobs report, as markets brace for more economic data from the UK over the coming days and the update on the government’s economic plan
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