Global Indices holding steady as recovery concerns downplayed

Global Indices holding steady as recovery concerns downplayed

It’s no surprise that the global corporate environment continues to improve as the only real concern, being the pandemic, is no longer as serious as before. With the Delta and other variants out in the world, early studies have shown that vaccinated individuals have a strong chance against the more adverse variants. This created a surge towards riskier assets as traders believe that the situation can only get better and, in the worst of cases, stay relatively flat.

 

Price action and flow have been positive for most global indices with the top US ones performing well over the past few sessions. For the past month, and more specifically, since the beginning of July, the Dow Jones is up around 1% while the S&P us currently up by around 2.2% and the Nasdaq is approaching 3% in terms of current gains. (Figure 1)

 

*Figure 1

 

On the other hand, European equities were holding steady but with no serious gains despite talks of a potential tourism recovery going into late summer and fall, as well as winter season, for those interested in winter sports. The Dax is currently flat while the FTSE 100 is up around 0.6% since the beginning of July while the Euro Stoxx 50 is trading with gains above 1%. (Figure 2)

 

*Figure 2

 

Asian indices have not performed very well with the Nikkei down in excess of 3% since the beginning of July while the Hang Seng lost nearly 10% over the same period of time.

 

Looking ahead, this week is heavy with economic releases including BOE monetary policy report and MPC votes, Canadian employment data and US non-farm payrolls.

 

With CFI, you can trade thousands of CFDs on Stocks, Forex, Commodities, Indices, and ETFs from one single platform. If you are new to the financial markets, you can start with a risk-free demo account and for the more seasoned traders, opening a real account is a straightforward process that requires very little time. CFI offers its clients many services and features including free daily webinars, dedicated account managers, daily technical reports, and highly competitive conditions that include fast execution and spreads from zero pips.

 

Click here to find out more.

 

The content present in this article reflects the opinions and views of the author and does not necessarily reflect the position of CFI. The material published on this blog is provided for informational purposes only and should not be considered as investment advice. The Company is not responsible for the decisions and choices of the investor who has full and free will to make decisions that they see appropriate upon the investor’s sole discretion.

CFI Financial Group is an award winning global financial markets provider with over 23 years of experience and regulated entities in several jurisdictions, focused on offering impeccable execution and trading conditions including very low spreads, professional services, dedicated support and powerful tools.
CFI Financial Group has regulated subsidiaries in
London • Larnaca • Beirut • Amman • Dubai • Port Louis
Credit Financier Invest - CFI LEBANON
BDL no. 40
1019238,
Ellipse Center 3rd floor, Charles
Malek Avenue, Achrafieh

CFI provides execution-only services and does not provide any investment advice. To make an investment decision, you cannot rely on the content of this website, or on any information, opinion, report or other materials (“Information”) you receive from CFI, or its representatives. Such Information is general and does not consider your objectives and your financial situation, thus they shall not be considered in any way as an express or implied promise nor a guarantee of any profit or limit of loss. CFI shall not bear any liability in case you used or relied on such Information. Please ensure that you make your own research and seek independent advice if necessary.

Forex and CFDs are leveraged products that incur a high level of risk. A small adverse market movement may expose the client to lose the entire invested capital. The majority of retail client accounts lose money when trading in CFDs. Please be aware of trading risks and that you could sustain a loss exceeding your deposited funds, even if a stop loss is used.

CFI Lebanon is regulated by the Banque du Liban and the Capital Markets Authority

niss
forme
The Best Online Financial Trading Services, Middle East, 2020
Entrepreneur Magazine

Please publish modules in offcanvas position.