Wednesday , 8 January 2025
Home Forex US equities lose altitude after a strong start
Forex

US equities lose altitude after a strong start

There has been a round trip in a number of risk assets on the Trump tariff story and the subsequent denial. Stock markets have largely held up but that could be changing as we enter the latter parts of the day.

The S&P 500 is up 33 points to 5975 after rising as high as 79 points, or 6021.

The index is now into the opening gap.

This is an early signal for the incoming administration: If you’re going to trade on tariff headlines, you’re going to have a bad time.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Australian CPI data “raise the risk the RBA will begin its easing cycle earlier than May”

The data is here:Australian November CPI 2.3% y/y (vs. expected 2.2%)More:AUD/USD towards...

Onshore yuan falls to its weakest since September 2023

CNY is China's onshore yuan. USD/CNY has hit its highest since September...

Former Bank of Japan Governor Kuroda predicts more rate hikes

The Bank of Japan (BOJ) is expected to continue raising interest rates...

PBOC sets USD/ CNY mid-point today at 7.1887 (vs. estimate at 7.3435)

The People's Bank of China (PBOC), China's central bank, is responsible for...