net_left Kdata adver left

Stocks sag as hawkish Fed cools China rally; awaits US jobs data

Friday, January 6, 2023
Stocks sag as hawkish Fed cools China rally; awaits US jobs data © Reuters. FILE PHOTO: A man on a bicycle stands in front of an electronic board showing Shanghai stock index, Nikkei share price index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2973515" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"27":"indice","166":"indice","169":"indice","179":"indice","8827":"futureCash","8833":"futureCash","14958":"indice"};

By Koh Gui Qing

NEW YORK (Reuters) -U.S. stocks sank on Thursday and brought to a halt a rally in global stocks, as upbeat American jobs data after the Federal Reserve's firm message that it will not be cutting interest rates any time soon offset China's latest reopening plans.

News that China's mainland border with Hong Kong will be reopened after three years had sent Asian-Pacific shares outside Japan to a four-month high overnight, but with both the dollar and bond market borrowing costs creeping up, Europe couldn't keep up.

The MSCI All-World index lost 0.8%. On Wall Street, the S&P 500 dropped 1.2%, the Dow Jones Industrial Average lost 1%, and the Nasdaq Composite dropped 1.5%.

"U.S. stock indexes appear neither cheap nor expensive enough to stir restless spirits," said Stephen Innes, a managing partner at SPI Asset Management.

"Outside of China's exuberance, investors are likely to remain relatively defensive and probably underweight bonds and stocks and reasonably neutral on commodities," Innes said, at least until the Fed's Jan. 31-Feb. 1 meeting is over.

The pan-European STOXX index ended down 0.2%, after gaining more than 3% in its first three sessions of 2023. London's FTSE 100 managed a respectable 0.6% rise as better-than-expected numbers from retail giant Next lifted the entire European sector, but it barely made up for a groggy Frankfurt and Paris. [.EU][.N]

Following the release on Wednesday of the minutes from the Fed's Dec. 13-14 meeting that showed the U.S. central bank strike a hawkish note as it stayed focused on reducing inflation, analysts said Friday's U.S. jobs report for December will be closely watched by investors. Signs of a still-tight labour market could fuel bets that more rate hikes are in the offing.

"A strong print tomorrow and I think you are going to get a fairly rapid repricing for a 50-bps (basis-point) hike at the next (Fed) meeting," said Derek Halpenny, head of research for global markets EMEA at MUFG.

Investors were already digesting their pre-payrolls appetiser, the ADP National Employment Report, which showed the private sector added more jobs in December than a month ago. It came a day after a moderate fall in U.S. job openings too.

China, meanwhile, has abruptly dropped ultra-strict curbs on travel and activity, fanning hopes that once the COVID-19 infection waves pass its giant economic motors can start firing again and offset the slowdowns in other parts of the world.

Thursday's biggest Asian gains included E-commerce and consumer stocks in Hong Kong thanks to the China mainland border news, which drove the Hang Seng to a six-month high.

The yuan also rose about 0.11% to 6.8800, a four-and-a-half-month high, and also supported other currencies such as the Thai baht which, as Thailand is now expected to see a mass return of Chinese holidaymakers, has surged nearly 14% in less than three months.

"China reopening has a big impact ... worldwide," said Joanne Goh, an investment strategist at DBS Bank in Singapore, since it not only spurs tourism and consumption but can ease some of the supply-chain crunches seen during 2022.

"There will be hiccups on the way," Goh said, during an outlook presentation to reporters. "We give it six months adjusting to the process. But we don't think it's reversible."

RATES WARNING

China's central bank also said overnight it would step up financing support to spur domestic consumption and key investment projects and support a stable real estate market.

It has eased an unofficial ban on Australian coal imports in recent days as well, and the Australian dollar made a three-week high overnight just below $0.69. It last bought $0.6749.

Oil rebounded after posting the biggest two-day loss for the start of a year in three decades. [O/R]

Brent crude futures settled 1.1% higher at $78.69 a barrel. U.S. West Texas Intermediate crude ended up 1.2% at $73.67 a barrel.[O/R]

"This morning's rebound is due to the shutdown of Line 3 of the Colonial pipeline," said Tamas Varga of oil broker PVM. "There is no doubt that the prevailing trend is down," though he added: "It is a bear market."

Benchmark 10-year Treasury yields - which move inversely to price - were higher at 3.7106% but still down nearly 10 basis points (bps) on the week. [US/]

Germany's 10-year government bond yield was last up at 2.295%. It too though has fallen nearly 25 bps this week after closing out 2022 at its highest level since 2011. [GVD/EUR]

Preliminary inflation data from Germany, France and Spain all showed this week that consumer prices rose at a slower pace in December than November, following an easing in energy price rises.

In currency markets, the dollar index rose 0.90% to 105.15 as investors navigate between the Fed's hawkish tone and the support for riskier currencies driven by China's reopening.

It was pinning down the yen again at 133.300 per dollar, cutting the wagers that Japan's ultra-easy monetary policy will be finally tightened this year. A stronger dollar pushed the euro down 0.8% to $1.05175. [USD/]

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
04-06-2023 01:11:10 (UTC+7)

EUR/USD

1.0708

-0.0054 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0708

-0.0054 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2450

-0.0077 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

USD/JPY

139.97

+1.17 (+0.85%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.6602

+0.0031 (+0.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3428

-0.0021 (-0.16%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

EUR/JPY

149.89

+0.52 (+0.35%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9733

-0.0013 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Gold Futures

1,964.30

-31.20 (-1.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

23.695

-0.292 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Copper Futures

3.7310

+0.0200 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

71.87

+1.77 (+2.52%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

Brent Oil Futures

76.40

+2.12 (+2.85%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (2)

Natural Gas Futures

2.177

+0.019 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

180.60

-2.45 (-1.34%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Euro Stoxx 50

4,323.52

+65.91 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,282.37

+61.35 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

DAX

16,051.23

+197.57 (+1.25%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,607.28

+117.01 (+1.56%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

Hang Seng

18,949.94

+733.03 (+4.02%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,830.91

+62.97 (+3.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

IBEX 35

9,317.30

+149.80 (+1.63%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

46.790

+1.940 (+4.33%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Bayer AG NA

52.61

+0.71 (+1.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

210.15

+5.95 (+2.91%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

Adidas AG

159.52

+8.78 (+5.82%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

Deutsche Lufthansa AG

9.303

+0.146 (+1.59%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (3)

Siemens AG Class N

159.28

+2.60 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

9.862

+0.284 (+2.97%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (9)

    EUR/USD 1.0708 ↑ Buy  
    GBP/USD 1.2450 ↑ Buy  
    USD/JPY 139.97 Neutral  
    AUD/USD 0.6602 ↑ Sell  
    USD/CAD 1.3428 ↑ Sell  
    EUR/JPY 149.89 ↑ Buy  
    EUR/CHF 0.9733 ↑ Buy  
    Gold 1,964.30 ↑ Sell  
    Silver 23.695 ↑ Sell  
    Copper 3.7310 ↑ Buy  
    Crude Oil WTI 71.87 Sell  
    Brent Oil 76.40 ↑ Buy  
    Natural Gas 2.177 ↑ Sell  
    US Coffee C 180.60 ↑ Sell  
    Euro Stoxx 50 4,323.52 ↑ Buy  
    S&P 500 4,282.37 ↑ Sell  
    DAX 16,051.23 ↑ Sell  
    FTSE 100 7,607.28 Sell  
    Hang Seng 18,949.94 ↑ Buy  
    Small Cap 2000 1,830.91 ↑ Buy  
    IBEX 35 9,317.30 Buy  
    BASF 46.790 ↑ Sell  
    Bayer 52.61 ↑ Buy  
    Allianz 210.15 Sell  
    Adidas 159.52 Buy  
    Lufthansa 9.303 Buy  
    Siemens AG 159.28 ↑ Buy  
    Deutsche Bank AG 9.862 Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,690
(6,650/ 6,690) # 1,061
SJC HCM6,635/ 6,705
(0/ 0) # 1,076
SJC Hanoi6,635/ 6,707
(0/ 0) # 1,078
SJC Danang6,635/ 6,707
(0/ 0) # 1,078
SJC Nhatrang6,635/ 6,707
(0/ 0) # 1,078
SJC Cantho6,635/ 6,707
(0/ 0) # 1,078
Cập nhật 04-06-2023 01:11:12
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,948.20 -28.75 -1.45%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V22.79023.240
RON 95-III22.01022.450
E5 RON 92-II20.87021.280
DO 0.05S17.94018.290
DO 0,001S-V18.80019.170
Dầu hỏa 2-K17.77018.120
ↂ Giá dầu thô thế giới
WTI $71.91 -8.61 -0.11%
Brent $76.19 -8.44 -0.10%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.280,0023.650,00
EUR24.613,3825.991,59
GBP28.653,4729.875,26
JPY164,43174,07
KRW15,4818,86
Cập nhật lúc 18:50:19 03/06/2023
Xem bảng tỷ giá hối đoái
adver main right