European Stocks are in Red as Interest Rate Policies Impacts Sentiments
European stocks extended the downtrend in the second consecutive session on Friday as investors are showing concerns over the low-interest-rate policy. The fed has announced that it will keep interest rates in zero range in the next few years to support the employment level and economic growth.
Apple Stock has 25% Upside, Jefferies says
Apple stock price lost upside momentum this month amid the broader market tech selloff. However, the dip in shares of the largest tech company is presenting a buying opportunity for the long-term investors in Jefferies view. The firm has provided a price target of $135, indicating almost 25% upside from the current level.
US Dollar Index Rebounds on Stronger Economic Growth
US dollar bounced back sharply after the Federal Reserves decided to keep the interest rates low until they reach their employment and inflation goals. The Central Bank has also optimized investor’s sentiments by presenting stronger than expected economic recovery projections. They hinted faster employment growth in the days ahead.
European Stock Market Rally Fades as Fed Left Interest Rate Unchanged
European stock markets ended the four days winning streak as the US Federal Reserves has indicated that interest rate will remain low for a longer time. The Fed has kept its interest rate around zero range and hinted it to stay at the current level for the next three years.
US Dollar Slump on Investors Move Towards Riskier Currencies
The US dollar fell back this week after generating some gains last week as investors sentiments soared about the risker currencies amid hopes for economic recovery and coronavirus vaccine. The trader's concerns about the downbeat Federal Reserve’s stance also negatively impacted the dollar value this week.
European Stocks Set to Climb for Fourth Straight Day on Economic Data
European stocks have generated gains in the last three consecutive trading sessions as stronger than expected economic data has been optimizing investor's sentiments. The stock futures are in green for the fourth straight day on Wednesday despite the scheduled FOMC meeting.
Vaccine Hopes Drive Equities Higher But For How Long ? US Trading Session Update
Essential Insights Asian equities started the week higher amid vaccine hopes along side its US equity counterparts The WHO reported a record single day increase in global covid-19 cases at 308,000 cases An important day in UK parliament as the Internal Market Bill is debated Japan’s Shinzo Abe replacement has…
US Dollar Index Steady Ahead of Central Bank Policy Meeting
US dollar looks steady above the 93 mark against the basket of major currencies as improving economic data helped the greenback to reverse some losses last week. The U.S. central bank’s two-day policy meeting is scheduled for September 15-16.