Forex Analysis & Reviews: 20.01.2021 - Stock Europe marked growth...

20.01.2021 03:16 PM

Stock Europe marked growth amid Biden's inauguration

Europe stock exchanges recorded a positive trend on Wednesday morning. The major stock indices exhibited growth, while the attention of market participants is directed to political events in the United States of America and the main event of the day which is the official inauguration of President-elect Joe Biden.

Market participants perked up ahead of the possible adoption of broader fiscal stimulus to support America's economy. Now on the agenda is a more detailed breakdown of the stimulus package proposed by President Biden last week. Recall that the total amount of the proposed infusion should amount to $1.9 trillion and include both direct payments to citizens and assistance to individual states of the country and much more. Of particular interest is the fact that the supplemental unemployment benefits will be extended, and the supplements themselves will be increased, since this is recognized as an effective measure that can level the crisis in the employment sector caused by the coronavirus pandemic.

The first calls that the expanded incentive program has every chance of official ratification appeared just yesterday. In particular, candidate for US Treasury secretary, Janet Yellen, made an active call to launch large-scale actions to support the state's economy and accelerate the recovery from the crisis. Yellen explained that the authorities are not going to make the national currency weaker in order to gain additional competitive advantages in international markets. All attempts to artificially manipulate the dollar will be nipped in the bud.

Meanwhile, internal statistics on changes in the economies of European states cannot be considered positive. The statistics on the inflation rate in the UK was released on Wednesday, which shows an acceleration in the indicator. The level of consumer prices in the state for the last month of 2020 turned out to be 0.6% higher compared to the same indicator recorded a year earlier. It is worth considering the fact that in November 2020, that is, a month earlier, the price level increased by 0.3%. According to the preliminary forecast of experts, in December there should also have been an increase of 0.5% on average, but everything turned out to be completely different.

The level of deflation in the EU countries at the end of last year retained its previous value, which is consolidating around 0.3%. At the same time, in this case, the opinion of analysts turned out to be fair, since they had warned in advance that changes in the indicator should not be expected.

The general index of large enterprises in the European region STOXX Europe 600 increased by 0.55% by morning, which sent it to a new level of 410.17 points.

The UK FTSE 100 Index is up 0.27%. The German DAX index jumped 0.61%. France's CAC 40 index rose 062%. Italy's FTSE MIB Index climbed 0.77% and is now the largest growth in the region. Spain's IBEX 35 Index was up 0.12%.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

News

Maria Shablon,
Analytical expert of InstaForex
© 2007-2025

该作者的更多文章

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

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。

推荐文章

6月13日美國市場新聞摘要

美國市場新聞摘要：美中貿易協議提振有限，美國股市在6月12日收低

Robinhood 從 S&P 500 中移除 — 多米諾效應衝擊全球市場

每日對比：日經指數上升，歐元下滑，全球市場屏息以待美中會談

6月11日美國市場新聞摘要

今日對比：日經指數上升，歐元下跌，全球在美中會談前屏息以待

利率上升：市場等待消費者價格指數（CPI），特朗普與馬斯克發生衝突，Qualcomm收購Alphawave

6月10日美國市場新聞摘要

Robinhood 從 S&P 500 降級 — 多米諾效應影響整個市場

市場等待CPI，利率上升，特朗普與馬斯克交鋒，高通收購Alphawave

Top analytics