Saturday , May 15 2021

Global Markets: The dollar "cautious" looking for a peaceful, dividing the direction with time

(Last updated at 15:55)

As traders continued to draw attention to the progress of trade agreements between the US and China, the week began to be cautious, so stocks and bonds remained unchanged. Oil has gained value following the rise in Libya's struggles, which has raised concerns about supply.

The Stnadard & Poor's 500 (S & P 500) index futures showed a slight decline in the United States after the index closed last week, which helped to climb to a six-month maximum, while Stoxx Europe Index 600 remained unchanged. In Shanghai, the relic lost its influence, while shares in Tokyo fell due to the rise in yen. Shares have risen in Sydney, and in Hong Kong there has been moderate gains. US treasury bills and the dollar remained calm after US President Donald Trump's pressure on the Fed to support growth.

Oil has continued its gains after the OPEC producer has balanced the Libyan conflict as the biggest increase in the number of active oil wells in the US since May. In Turkey, Prime Minister Recep Tayyip Erdogan in Istanbul at mass elections "massive" After the irregularity of the shooting that made the Turkish lira lost its value.

After the quarter in which many funds have shown very good results, investors consider factors that could lead to further gains, as trade negotiations between the US and China approached, and the US economy showed positive signs. Larry Kudlow, Trump's economic advisor, pointed to the US and China, saying both sides are very close to the deal and will see most officials this week. Powerful employment data released in the US on Friday failed to expel Trum from calling on the FED to lower interest rates and end the reduction in the number of employees.

AMP Capital Investors Ltd. "The estimate is complete, global growth is expected to collapse in the second half of the year, monetary and fiscal policies are increasingly supporting the markets, and the trade war is weak," he added, "This should support stocks throughout 2019 ".

On the other hand, the pound has grown slightly after British Prime Minister Theresa May called on the public and politicians to reach a compromise on the Brexit plan. The future of iron ore has gone to the biggest closing in nearly five years in Singapore, with investors focusing its attention on the challenges on the supply side.

Important events to follow in the markets are the following:

* American banks are beginning to explain their balance sheets under the leadership of JPMorgan and Wells Fargo.
Israel will hold elections on Tuesday.
* Annual Spring and World Bank and IMF meetings begin on Tuesday in Washington.
* The ECB will probably not change the reference interest at the meeting on Wednesday. Investors will look at additional details about TLTRO.


* Stoxx Europe 600 index dropped by less than 0.05 percent at 07:53 in New York.
* S & P 500 index contractual contracts fell by 0.1 percent.
* In the UK, the FTSE 100 index rose 0.1 percent to the top six months.
* In Germany, the DAX index has hit the highest fall of more than two weeks with 0.3 percent and dropped for the first time in more than a week.
* The MSCI Emerging Market Index grew by 0.1 percent and came to the summit for about eight months and grew to the eighth day.
* MSCI Asia Pacific Index grew by 0.1 percent to about six months.


* Bloomberg Dollar Spot Index fell below 0.05 percent.
* Euro against the dollar by 0.3 percent from about 3 weeks, the largest increase from 1.1246 to almost two weeks peak production.
* Sterling grew by 0.1 percent compared to the dollar at 1.3048.
* Japanese Yen to Dollar with 0.3% in double-digit growth, the largest rise to the level of 111.45.


* 10-year US bond yields rose to 2.50 percent in the base.
* German 10-year yields on bonds fell to 0.00 percent.
* 10-year yields in the UK fell to one base point at 1.107 percent.
* The yields of 10-year bonds in Italy grew slightly to 2.48 percent.


* Western Texas Oil (WTI) rose 0.5 percent to $ 63.37 a barrel at five months.
* Gold recorded the highest growth of two weeks with 0.4 percent, which is the highest level for more than a week with $ 1,297.46 an ounce.

(Last updated at 15:55)

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