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.
Coronavirus cases surge in Europe
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is trading within the cloud. An upward wave would push the market to exit the Kumo, confirming a bullish scenario.
US Market View
The jobless claims of individuals in the United States unexpectedly rose above 1 million in the previous week.
In some countries within Europe, such as Spain and Germany we observe record highest daily coronavirus infection rate since last April as the cases in Europe are surging.
US Key Point
- The jobless claims of individuals in the United States unexpectedly rose.
- Coronavirus cases surge in Europe.
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Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.