empty
07.09.2020 01:49 PM
Stocks in Europe rally as Asia and America grapple with problems

This image is no longer relevant

The main stock indicators of the US stock exchanges traded in a negative zone on Friday following the fall which occurred the day before. Market participants have not yet moved on from the news about the decline in the value of securities of companies in the technology sector.

The Dow Jones Industrial Average fell 0.56% or 159.42 points. Its current level is 28,133.31 points.

The S&P 500 Index sank 0.81% or 28.1 points, which forced it to move to the level of 3,426.96 points.

The Nasdaq Composite index fell 1.27% or 144.97 points, which sent it to the 11,313.13 points.

Note that in the previous trading, a significant drop in indicators was also observed. The Nasdaq parted with 4.96%, the Dow Jones fell 2.78%, and the S&P 500 fell 3.51%.

Nevertheless, some analysts do not see much of a problem in such a significant decline in the US stock indices. They stressed that a correction after a rapid and long-term rise is necessary. Market participants rushed to fix their profits until statistics and news on the US economy force the indicators to decline.

In general, over the last month of the summer, the S&P 500 was able to demonstrate a record high growth, which has not happened in almost thirty-four years. It rose 7% for the month of August and already gained 2.3% in the first couple of days of September. So literally just before the fall, it took its maximum values.

Market participants' attention shifted from the tech sector, where they tried to lock in profits, to the energy, finance, and raw materials sectors.

Friday's trading on stock exchanges began with growth due to the positive news from the US labor market. According to the US Department of Labor, the unemployment rate in the country immediately fell to 8.4% for the month of August, while the previous figure was at around 10.2%. In addition, the number of new applications for unemployment benefits decreased by 130,000, and the total number of applications is now consolidated within 881,000. This was the lowest level in the history of the coronavirus pandemic.

Thus, fundamental indicators do not pose any danger to the market. Instead, they act as a catalyst for growth. The current correction, according to experts, will end rather quickly, and the indicators will again go up to new record values.

According to the revised forecast from the analytical company BofA Securities, the S&P 500 index may well reach the level of 3,250 points and gain a foothold there by the end of 2020. The initial estimated growth amounts to no more than 2,900 points. This figure is only 5.9% below the level that was recorded by the indicator at the end of the trading session on Thursday.

Meanwhile, almost no significant dynamics were noted on the Asian stock exchanges. Market participants froze in suspense, watching what was happening on the US stock markets. In addition, traders are trying to assess Chinese foreign trade statistics for the last month of the summer.

Japan's Nikkei 225 Index fell 0.38% Monday morning.

China's Shanghai Composite Index fell 0.35%. The Hong Kong Hang Seng Index followed this trend and fell 0.18%. The total volume of China's exports over the last month of the summer has exceeded experts' expectations. The reasons for such positive dynamics were the growth of demand on a global scale, as well as the gradual lifting of quarantine measures in most countries of the world.

The export level rose by 9.5% over the same period last year. This is the third in a row and the most noticeable increase over the past six months. It is also higher than analysts' initial forecast with an estimated growth of no more than 7.1%.

South Korea's Kospi index climbed 0.67%.

The Australian index S & P / ASX 200 moved multidirectional but so far marked a meager increase of 0.01%.

The European stock markets, on the other hand, traded in a positive zone Monday morning. The main stock indicators are growing, following a notable decline in Friday's trading.

Market participants were particularly concerned about the new stage in the negotiation process between the UK and the EU on Brexit. According to the British authorities, the trade agreement should be signed by mid-October, otherwise this deal may not take place at all.

Another reason for concern is the ECB's decisions on the financial policy which will be known at the meeting which is scheduled for next Thursday.

The Stoxx Europe 600 Index of Large Enterprises in the European Region went up by 1.03% which pushed it to 365.67 points.

The UK FTSE 100 Index is up 1.23%. The German DAX Index gained 1.3%. France's CAC 40 jumped 1.09%. Italy's FTSE MIB Index rose 0.94%. Spain's IBEX 35 Index went up 0.52%.

Maria Shablon,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

S&P、Nasdaq 和道瓊斯指數同步上揚,市場消化就業數據與貿易發展

華爾街再創新高 美股周四收盤再創歷史新高。儘管短期內降息的可能性較低,但投資者熱烈回應美國就業數據意外激增和Nvidia股票持續上漲。

13:11 2025-07-04 UTC+2

7月4日美國市場新聞摘要

S&P 500和納斯達克股票指數分別上漲了0.83%和1.02%,創下歷史新高。 但由於對可能引入新關稅的擔憂,指數期貨回落,這增加了全球市場的不確定性。

Ekaterina Kiseleva 12:45 2025-07-04 UTC+2

S&P、Nasdaq、道瓊斯指數齊升,市場因就業和貿易政策驚喜作出反應

週四,美國市場再創新高,投資者對近期降息的微弱希望不再寄予厚望,相反,他們對意外強勁的美國就業報告顯露出信心。同時,Nvidia的驚人增長仍在繼續,使這家芯片製造商更接近於達到歷史性的估值里程碑。

Thomas Frank 08:23 2025-07-04 UTC+2

什麼因素可能影響美元走勢:非農就業數據、美聯儲行動,還是「大而美的法案」?

華爾街不斷刷新紀錄。週三,由資訊科技巨頭推動的標普500指數再次創下新高。

Svetlana Radchenko 13:17 2025-07-03 UTC+2

7月3日美國市場新聞摘要

由於對科技股的持續需求以及美國與越南關於關稅的貿易協議獲得積極反饋,S&P 500 指數再次達到歷史新高。 投資者將此視為美國地緣經濟地位的強化,進一步增強了對美國股市前景的信心。

Ekaterina Kiseleva 12:58 2025-07-03 UTC+2

股票波動:納斯達克上升,S&P 上漲,道瓊斯下跌 — 背後另有原因

美國股市指數S&P 500和Nasdaq在週三收於歷史新高,主要由科技股的強勁上漲和美國與越南達成的新貿易協議推動。該協議幫助緩解了投資者對持續的全球貿易緊張局勢的擔憂。

Thomas Frank 10:28 2025-07-03 UTC+2

7月2日美國市場新聞摘要

S&P 500指數下跌0.11%,納斯達克100指數下跌0.82%,而道瓊斯指數則上漲0.91%。投資者正在等待宏觀經濟數據的發布,這些數據可能會影響美聯儲的下一步政策決策。

Ekaterina Kiseleva 12:32 2025-07-02 UTC+2

特斯拉下跌,歐洲上升:全球市場現在發生了什麼

全球股市週二小幅下滑,同時美國國債收益率微升。投資者正密切分析美國經濟數據潮流,並衡量美聯儲主席杰羅姆·鮑威爾的言論,以評估何時開始降息。

Thomas Frank 10:56 2025-07-02 UTC+2

股市上揚:是什麼推動道瓊、納斯達克和標普上升

週一,標普500指數與納斯達克指數在創歷史新高後收盤,這標誌著它們在過去一年中最強勁的季度表現。投資者情緒因貿易談判的樂觀前景和降息的可能性而得到提升。

Thomas Frank 12:11 2025-07-01 UTC+2

7月1日美國市場新聞摘要

週一的交易以正面收尾:S&P 500 上漲了 0.52%,而納斯達克 100 則增加了 0.47%。今年下半年的開端是在美國與歐盟貿易協定抱有樂觀期望的背景下展開的。

Ekaterina Kiseleva 11:43 2025-07-01 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.