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Commodities Under Correction after Big Gains

Commodities Under Correction after Big Gains

Information is not investment advice

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Midday Market View

European stock markets are trading mixed today, with hope of a prompt Brexit deal helping the UK market outperform, while increasing tensions between China and the US market still awaits more details for the new US stimulus.

Midday Key Point

  • BOE's Ramsden supports that Bank of England does not plan for negative rates.
  • Dollar continues to keep firmer on the day, all eyes on the US jobs report later.
  • China says TikTok and WeChat are in compliant with US laws and international regulations.

Similar

Cable climbs to fresh two-month high

US stock markets are set to open mixed as the post-Pfizer rally is reassessed, but cyclicals are still clearly outperforming the growth and momentum names that have notched the biggest gains during the pandemic.

Popular

Dollar hits new 31-month low

U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.

EUR/GBP: Bullish trend remains strong

A tentative mood was seen in Asia-Pacific bourses following the flat performance on Wall Street, whilst Chinese Caixin Services PMI printed its second-highest reading in a decade.

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