Stocks are mostly lower today

Stocks are mostly lower today

2020-09-01 • Updated

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Ichimoku Kinko Hyo

AUD/JPY: The AUD/JPY pair is now trading between the Tenkan Sen and Kijun Sen levels. An upward wave would lead the currency pair above the Tenkan Sen, confirming the bullish sentiment.

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European Market View

The German government expects the economic fallout this year from the coronavirus will be smaller than previously predicted.

Stocks are mostly lower today, with the real action in the markets again happening in the USD.

The U.S. currency extended losses at the start of the new month to trade at its lowest since May 2018.

Apple Inc. has asked suppliers to build at least 75 million 5G iPhones for later this year. The technology giant anticipates shipments of these next-generation iPhones may reach as high as 80 million units in 2020. Apple plans to launch four new models in October with fifth-generation wireless speeds, a different design and a wider choice of screen sizes.

AstraZeneca Plc has begun a large-scale human trial of its coronavirus vaccine in the U.S., with plans to enroll as many as 30,000 adults.

European Key Point

  • The German government expects the economic fallout this year.
  • Stocks are mostly lower today.
  • The U.S. currency extended losses at the start of the new month.

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