empty
 
 
07.09.2021 10:44 AM
Stocks rose amid potential delay in Fed tapering

This image is no longer relevant

Stocks continued to rally on Monday even though it was weekend in the US and markets were closed for Labor Day. Clearly, investors are convinced that the Fed will delay cuts in stimulus amid slower-than-expected recovery in the US labor market. This pushed the S&P 500 to close 0.25% higher yesterday.

This image is no longer relevant

The latest employment data disrupted the projection of investors, when they were bracing for an early Fed tapering. They did not expect that jobs will only gain 235,000 in August, the smallest growth it recorded in seven months.

"Expectations of a delay in Fed tapering as well as new administration in Japan is supporting equity markets and we expect this to continue," Sebastien Galy, a strategist at Nordea Investment Funds, said. "The mentality of 'buy on dip' is as robust as ever taking negative news such as U.S. nonfarm payrolls as good news, which is typical of an advanced carry," he added.

Meanwhile, dollar showed a slight increase on Monday, thanks to the S&P 500 remaining the same and Treasury yields growing amid disappointing US wage growth.

Other important events for this week are:

- US President Joe Biden will decide whether he will reappoint Jerome Powell as Fed Chairman;

- policy decision of the Reserve Bank of Australia (Tuesday);

- trade data from China (Tuesday);

- Bitcoin law in El Salvador will go into effect (Tuesday);

- discussion by Dallas Fed President Robert Kaplan (Wednesday);

- ECB press conference (Thursday);

- report from China on PPI, new RMB loans, money supply and cumulative funding (Thursday).

Andrey Shevchenko,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback