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Marketmind: A rocky road

Wednesday, July 21, 2021
Marketmind: A rocky road © Reuters. FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski

A look at the day ahead from Karin Strohecker

Markets are still trying to find their feet after Monday's bruising selloff and now the focus is shifting to Thursday's ECB meeting in a week that's seen little data but lots of action.

Global and U.S. stocks have managed to recoup a fair chunk of the losses that were sparked by fears over spiking COVID-19 cases, as well as the "peak growth" and "peak inflation" narratives. A bright spot on Wednesday was Japanese data showing solid exports to the United States and China.

It's supporting hopes of an export-led recovery in the world's third-largest economy and allowed Japanese shares to snap a five-day losing streak with a 0.6% gain.

But the market recovery overall looks wobbly. Asian shares have stumbled while European and U.S. futures are treading water.

The bounceback is complicated by more virus outbreaks from Singapore to Sydney, reminding markets that the road to full post-pandemic recovery will be rocky.

That's keeping oil prices close to Monday's troughs, hit after a 7% tumble, while safe-haven assets such as the dollar, Treasuries and yen are holding firm. The U.S. borrowing costs have risen to 1.2% but they are not far above Tuesday's five-month lows.

The focus is now firmly on tomorrow's ECB meeting. Expected until recently to be a quiet summer gathering, it's shaping up to be a key event after the release of its strategy review put the prospect of more stimulus firmly on the agenda.

Finally, a busy day for earnings: car maker Daimler AG (DE:DAIGn) warned chip shortages will dent car sales, while on the other side of the coin, semiconductor supplier ASML reported a Q2 net profit jump of 38% on strong demand for computer chips.

Expect too a London IPO from Bridgepoint with an initial $3.92 billion valuation.

Key developments that should provide more direction to markets on Wednesday:

-Central Bank speakers: BOE’s Victoria Saporta

-Auctions: U.S. 20-year bonds

-U.S. initial jobless claims

-U.S. Earnings: Verizon (NYSE:VZ), Harley Davidson, Coca-Cola (NYSE:KO), Nasdaq, Johnson & Johnson (NYSE:JNJ), Northern Trust (NASDAQ:NTRS), Microsoft (NASDAQ:MSFT), Kinder Morgan (NYSE:KMI), Whirlpool (NYSE:WHR), Texas Instruments (NASDAQ:TXN), Tesla (NASDAQ:TSLA)

-European earnings: Novartis, Nordea, Iberdrola (OTC:IBDRY), Bankinter, SAP, Stora Enso (OTC:SEOAY), Akso Nobel, Julius Baer, ASML, Telia, Daimler (OTC:DDAIF)

-Bitcoin recovers after slumping below $30,000. Tesla boss Elon Musk, Twitter's Jack Dorsey and investor Cathie Wood will speak at a cryptocurrency conference".

Graphic: Long U.S. dollar bets rise to highest since June 2020 - https://fingfx.thomsonreuters.com/gfx/mkt/gdpzyrrbxvw/Pasted%20image%201626783771326.png

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29-03-2024 17:25:13 (UTC+7)

EUR/USD

1.0783

-0.0004 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

EUR/USD

1.0783

-0.0004 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

GBP/USD

1.2618

-0.0004 (-0.03%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

USD/JPY

151.35

-0.03 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

AUD/USD

0.6514

-0.0001 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

USD/CAD

1.3551

+0.0014 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

EUR/JPY

163.16

-0.09 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

EUR/CHF

0.9721

-0.0006 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

Gold Futures

2,254.80

42.10 (1.90%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (0)

Silver Futures

25.100

+0.002 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

4.0115

-0.0003 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

86.99

+0.04 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

1.752

+0.034 (+1.98%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (6)

US Coffee C Futures

188.53

-2.12 (-1.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

S&P 500

5,254.35

+5.86 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (8)

DAX

18,504.51

+27.42 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

FTSE 100

7,952.62

+20.64 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Hang Seng

16,541.42

0.00 (0.00%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (5)

Sell (4)

IBEX 35

11,074.60

-36.70 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

207.00

+2.30 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Lufthansa AG

7.281

+0.104 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

176.96

+0.04 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

14.582

-0.030 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

 EUR/USD1.0783Neutral
 GBP/USD1.2618Sell
 USD/JPY151.35↑ Sell
 AUD/USD0.6514↑ Buy
 USD/CAD1.3551↑ Buy
 EUR/JPY163.16↑ Buy
 EUR/CHF0.9721↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(30/ 30) # 1,364
SJC HCM7,900/ 8,100
(0/ 0) # 1,384
SJC Hanoi7,900/ 8,102
(0/ 0) # 1,386
SJC Danang7,900/ 8,102
(0/ 0) # 1,386
SJC Nhatrang7,900/ 8,102
(0/ 0) # 1,386
SJC Cantho7,900/ 8,102
(0/ 0) # 1,386
Cập nhật 29-03-2024 17:25:15
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ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
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Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 17:21:40 29/03/2024
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