empty
18.08.2020 03:01 PM
US and Asian stocks under pressure while European stock markets doing great

This image is no longer relevant

Yesterday, the main stock indexes were trading mixed on the US stock exchange. Today, the indexes are still trading sideways without any particular direction. Thus, Standard & Poor's 500 Index once again approached its record high but failed to break through this level, since the activity of investors in the market was extremely low. It seems that market participants prefer not to rush until the new stimulus package in the United States is finally adopted.

The Dow Jones Industrial Average fell 0.31%, or 86.11 points, when closing the trade on Monday, having settled at the level of 27,844.91.

The S&P 500, on the contrary, showed an increase of 0.27%, or 9.14 points. It was last seen at the level of 3,381.99 points. During the day, the stock index managed to reach the high of 3,386.15 points and even broke above this mark. Yet, when closing the session, the S&P 500 moved below it. The index has been testing this important level for the second week in a row. However, it turned out to be a strong level of resistance.

Nasdaq Composite Index rose 1%, or 110.42 points, moving closer to the 11,129.73 mark, thus hitting a new high.

US energy stocks and the shares of financial companies were performing quite well. This uptrend supported the US stock market, as it was a signal of the economic recovery in the country. Recently, however, the pace of growth has slowed down due to the stalemate in the negotiations between Democrats and Republicans over the new stimulus package. Besides, the escalation of the conflict between Washington and Beijing put additional pressure on the markets, especially when the meeting on trade agreement has been delayed.

The news about restrictions against China's telecommunication companies, including Huawei Technologies Co. and its key components, raised more worries among investors. In addition, the US authorities have published a list of 38 companies that are now prohibited from exporting technology from the US without obtaining a special license.

The US leader also said that he was not going to stop here and that his plans included further pressure on China. He suggested adding another Chinese giant, Alibaba, on the sanctions list.

If the situation deteriorates, then in the near future the US stock exchange will have a hard time.

This morning, the Asian stock market also showed mixed dynamics. Asian stocks are still under pressure from the tensions between the United States and China and the uncertainty around the next stimulus package in the US.

Today, Japan's Nikkei 225 Index was down 0.12%.

Shanghai Composite Index climbed 0.51%. In contrast, the Hang Seng Index went down 0.1%.

South Korea's Kospi Index dropped significantly by 2.3%.

Australia's S&P/ASX 200 Index rose 0.74%.

The Asian stock market indicators were affected by the new restrictive measures imposed on the Chinese company Huawei. Moreover, the American leader said that he planned to continue his restrictive policy.

Last Friday, Donald Trump signed an executive order which invalidates the purchase of TikTok app by the Chinese company ByteDance. At the moment, a large company Oracle is negotiating to purchase the assets of the controversial application. Microsoft Corporation also announced its plans to acquire TikTok.

In the meantime, the ongoing issue of adopting the next relief package is going to be resolved soon. Reportedly, US lawmakers are called back from summer holidays in order to put an end to this long-lasting story. This sparked enthusiasm in the markets which were already losing hope.

On the other hand, the European stocks are doing great today. In the early trade, the indexes were fluctuating and trying to go into negative territory. Later in the day, the stocks stabilized and entered the green zone. All bad the news that scares Asia and America so much has the opposite effect in Europe.

European investors continue to closely monitor the situation with the spread of coronavirus. According to the latest data, the number of infected people has already surpassed 21.881 million cases, which is 209 thousand more compared to yesterday's reports. Of course, this raises some concerns among market participants.

The Stoxx Europe 600 Index, the general index of large enterprises in the region, rose by 0.1% in the morning trade and moved to 369.64 points.

The UK FTSE 100 Index climbed 0.13%. Germany's DAX jumped 0.21%. The French CAC 40 index increased by 0.18%. Italy's FTSE MIB Index gained 0.28%. And the best performer today was the Spanish IBEX 35 which jumped 0.62%.

Maria Shablon,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
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

Recommended Stories

Resumo de notícias do mercado dos EUA para 11 de junho

O mercado acionário dos EUA atingiu os níveis projetados e agora entra em uma "fase de observação silenciosa", já que os investidores aguardam a divulgação dos principais números da inflação

Ekaterina Kiseleva 18:45 2025-06-11 UTC+2

Contrastes diários: Nikkei sobe, euro cai, mercados globais aguardam ansiosamente as negociações entre EUA e China

J.M. Smucker recua. O Banco Mundial reduz sua previsão de crescimento global para 2025. O Nikkei avança, enquanto os futuros de Wall Street e o euro enfraquecem. O dólar mostra

16:14 2025-06-11 UTC+2

Robinhood sai do S&P 500 — efeito dominó atinge os mercados globais

As ações da Robinhood caíram depois que a plataforma de negociação foi excluída do S&P 500. As ações da Warner Bros. caíram após o anúncio da empresa de planos para

15:26 2025-06-11 UTC+2

Contrastes do dia: Nikkei em alta, euro em baixa, mundo aguarda ansiosamente pelas negociações entre EUA e China

J.M. Smucker cai após previsão pessimista Banco Mundial reduz previsão de crescimento global para 2025 Nikkei sobe, futuros de Wall Street e euro caem Dólar pouco alterado, títulos aguardam

Thomas Frank 14:45 2025-06-11 UTC+2

Taxas sobem: mercados aguardam o IPC, Trump entra em conflito com Musk, Qualcomm adquire a Alphawave

O relatório do IPC de maio está previsto para ser divulgado na quarta-feira. Um projeto de lei orçamentária ocupa o centro do palco em meio a um desentendimento público entre

18:54 2025-06-10 UTC+2

Resumo de notícias do mercado dos EUA para 10 de junho

Os índices S&P 500 e Nasdaq 100 registraram ganhos notáveis, impulsionados por expectativas otimistas em relação às próximas negociações comerciais entre os EUA e a China. Os investidores estão apostando

Ekaterina Kiseleva 18:48 2025-06-10 UTC+2

Robinhood cai do S&P 500 - Efeito dominó atinge todo o mercado

Robinhood cai depois que a plataforma foi excluída do S&P 500 Ações da Warner Bros. caem depois que a empresa diz que planeja dividir seus negócios Ações europeias caem

Thomas Frank 18:33 2025-06-10 UTC+2

Taxas sobem enquanto os mercados aguardam o IPC, Trump discute com Musk, Qualcomm adquire a Alphawave

O relatório do IPC de maio será divulgado na quarta-feira Projeto de lei orçamentária em destaque em meio à divergência entre Trump e Musk Alphawave salta com os planos

Thomas Frank 16:53 2025-06-09 UTC+2

Confronto de titãs: Musk vs. Trump enquanto os investidores contabilizam as perdas

Dow -0,25%, S&P 500 -0,53%, Nasdaq -0,83% Tesla cai com o aumento da disputa pública entre Trump e Musk Pedidos iniciais de subsídio de desemprego aumentam pela segunda semana consecutiva

Thomas Frank 16:39 2025-06-06 UTC+2

Mercados divergentes: As ações dos EUA estão paradas, a Ásia acelera

Dow: -0,22%; S&P 500: estável; Nasdaq: +0,32%. O setor de serviços dos EUA contraiu-se em maio pela primeira vez em quase um ano. A CrowdStrike despencou com uma previsão

17:45 2025-06-05 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
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.