Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Tag - china
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
Jump in to get the latest market news and fresh technical analysis of EUR/USD and GBP/USD!
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.
Good news for Tesla! The tech giant is going to benefit from Biden’s presidency as the new president stated the objective to make the USA the leader in electric vehicle production.
China will publish manufacturing and non-manufacturing PMIs on December 31, at 3:00 MT time.
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The market participants await speeches of Fed's Powell and ECB President Lagarde. Jump in to know latest market movements!
USD/CNH has been steadily dipping, but downbeat China’s PPI and CPI limit the further falling.
The market sentiment is mixed, but there are still interesting movements on the market.