European stock markets fell and the U.S. dollar rose against the U.S. dollar on Monday as the market worried that the Fed was not eager to maintain its balance sheet. Investors also remained vigilant about the remaining term of US President Donald Trump.
Stoxx Europe 600 SXXP rose 3% last week,
US stock futures ES00,
Fell, the dollar DXY,
The bond yield is TMUBMUSD10Y,
The trend of prices opposing prices has aggravated people’s worries because they fear that the Fed’s interest in maintaining its purchase prices will decrease. On Friday, Fed Vice Chairman Richard Clarida (Richard Clarida) said that he expects the current bond purchase pace to continue until the end of this year. Other Fed officials have already started talking about canceling these purchases later in 2021.
Stocks, often referred to as bond agents on Monday, are the worst performing sectors in Europe.
The market is also paying close attention to politics, because the Speaker of the House of Representatives Nancy Pelosi (Nancy Pelosi) said that if Trump is not cancelled by invoking the “25th Amendment”, an impeachment article will be published. According to reports, Trump’s annoyed Vice President Mike Pence is not interested.
“The risk axis fluctuated slightly when the market opened this morning, because investors may reach a near-term inflection point. However, it is too early to say, because investors have firmly established a foothold and are spreading like stimulus measures in the United States. Supported by the long vaccine runway, continue to roar like a lion.”
Stocks on the move, Signature Aviation SIG,
After accepting a $4.63 billion bid from Global Infrastructure Partners, the aviation services company is valued at 405 pence per share, and its stock price rose 8% to 438 pence. Rival private equity groups Carlyle Investment Group and Blackstone Group respectively expressed interest in the company.
JD sports fashion JD,
The increase was 5% after the company said its pre-tax profit for the fiscal year ending on January 31 will be at least 400 million pounds, compared with market expectations of 295 million pounds. The sporting goods retailer added that next year’s profits will increase by 5% to 10%.
Smith & Nephew SN,
The British medical equipment manufacturer fell 3% after the company said that due to the delay in medical procedures due to the COVID-19 pandemic, adjusted revenue fell by 7% in the fourth quarter.