Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Euro zone investor morale is steady, but expectations weaken
In August, investor sentiment in the euro zone was steady, backed by sturdy current conditions, though future expectations weakened amid ascending worries as for the American economy as well as the potential impact of a widening auto emissions scandal.
In July, the Frankfurt-based Sentix research group's euro zone index slumped from 28.3 points to 27.7 points, which is in line with the mid-range prediction of 27.8 in Reuters survey of financial experts.
However, in July, expectations went down from 19.8 points to 16.0 points, which is in line what the group dubbed a worrying indication.
Expectations are heading south around the globe, led by America, where they sank for a fifth straight time.
The index for Germany slid for a third consecutive month, diving from 37.5 to 33.2 the previous month, with hopes collapsing from 12.5 to 5.75 points in July amid ascending concern as for the emissions scandal, which impacts some big German car makers.
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Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Main market movements on September 22
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
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China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
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