Forex Market Overview All market | Information and Analytical Department of Espero 3 April 2025

26.10.2021 11:10

Weekly Focus: The S&P 500 index Strives to Reach 4620 Ahead of ECB meeting and U.S. GDP Data

Information and Analytical Department of Espero

The U.S. S&P 500 broad market index peaked to 4585 points on Tuesday. It seems the index is eager to take advantage of all opportunities to rise before Thursday and reach the ultimate resistance level of 4620 points. It looks like nothing is going to stop it, neither disappointing Facebook Q3 reporting, nor other FAANG (Facebook, Apple, Amazon, Netflix, Google) weak reporting that is going to be presented over the next few days.

22.10.2021 12:10

Weekly Summary: Evergrande “Bought” Relief of Default

Information and Analytical Department of Espero

The major news this Friday is the postponement of the default of Evergrande, the third largest developer in China. The company has found the money - $83.5 million - to finance its offshore bond payments. Investors may respire. But not for long as next week, on October 27, Everagrande has to find more money to service its debt, but much less than the required amount needed for the payment to be made by October 23. But now Asian stock indices are rising – the Hang Seng edged higher by 0.27%, Japanese Nikkei 225 gained 0.53% and European stocks are up in average by 0.2-0.4%.

19.10.2021 12:10

Weekly Focus: Is S&P 500 Climbing Too High?

Information and Analytical Department of Espero

Has the rise of the S&P broad market index been too high in recent days? Such a question is in the priority list for most strategists and portfolio managers as the corporate reporting season has just started and only 8% of the reporting companies from the S&P 500 list presented their Q3 2021 financial results. But the S&P 500 index has already risen close to all time-high, just 1.5% below record 4550 points. Certainly, we can see that 80% of these companies that have filed their reports have beaten consensus forecasts.

15.10.2021 12:10

Weekly Summary: Debt Market Halted S&P 500 Decline

Information and Analytical Department of Espero

Through this entire week the S&P 500 broad market index was balancing on the edge of correction, but still trying to hold to 4360 points before inflation data in the United Stated and FOMC minutes came out. It would seem that rising inflation in September at 5.4% vs 5.3% in August and hawkish FOMC Minutes would drag the S&P index down to 4270 points, but suddenly bears got exhausted and retreated.

12.10.2021 11:10

Weekly Focus: Correction of S&P 500 Index Continues

Information and Analytical Department of Espero

The decline of the U.S. stock market continued on Monday after a short pause last week. Investors are now focusing on the macroeconomic issues and monetary policy of the Federal Reserve (Fed). This week a large set of economic data will be released, including the Consumer Price Index (CPI) that is expected to be close to October 2008 highs at 5.3% year-on-year, while September retail sales are expected to decline by -0.2% from the previous 0.7% in August. Apparently, such high inflation is pressing on U.S. consumers and anti-inflation moves from the Fed are required.

08.10.2021 10:10

Weekly summary: The U.S. Extends the Debt Ceiling, the Non-Farm Payrolls is Coming

Information and Analytical Department of Espero

The market sentiment tremendously improved by the end of the week. The S&P 500 broad market index after plummeting to the bottom at 4270-4280 points managed to jump back almost to 4335 points. The unthinkable threat of the default of the United States was waved away from the market as Democrats and Republicans came to a temporary agreement to lift the debt ceiling by $480 billion that would allow the U.S. Treasury to cover its debt by early December. This news was a primary trigger for the stock market to recover since the mid of this week.

05.10.2021 11:10

Weekly Focus: OPEC+ Decision Crumble NASDAQ

Information and Analytical Department of Espero

The beginning of the week is too aggressive for the usually calm Monday. The high-tech Nasdaq 100 index lost 2.16% in a single day that was too much considering the Hang Seng index decline by 2.5% early in the morning. Neither could it be explained by rising fuel prices and coming from it inflation pressure. OPEC+ decided on Monday to follow the plan of lifting production quotas by 400,000 barrels per day that was announced in July 2021 despite great pressure that was coming mainly from the U.S. Administration.

01.10.2021 11:10

Weekly Finals: Government Shutdown Is Canceled, China Is on Holidays

Information and Analytical Department of Espero

The decline of stock markets continued as throughout the week there was a feeling spiraling problems. First it was a possible Government shutdown in the United States, even they caused only a 4% decline in the market in average in the last 42 years, while median dynamics of S&P 500 broad market index was around 0% for this period. Major troublemaker is the debt limit problem in the United States as the government would ran out of money by October 18, according to U.S. Treasury Secretary Janet Yellen.

15.07.2021 07:07

Markets Seem to Ignore Powell's Loose Rhetoric and Positive Bank's Earning Reports

Information and Analytical Department of Espero

Most of the important events scheduled for this week have passed and we may already draw a bottom line. First, the inflation in the United States showed a significant increase to 5.4% in June despite analysts’ consensus at 4.9%, and this is the highest level from September 2008. Federal Reserve Chairman Jerome Powell that has testified in the U.S. Congress after fresh inflation figures, and he was repeating the usual mantra about transitory inflation, and the time for any tapering of stimulus measures is yet to come.

12.07.2021 09:07

The S&P 500 Is in the Catbird Seat

Information and Analytical Department of Espero

Markets started this week with an optimism that suddenly started last Friday after S&P 500 broad market index jumped off the correction to a new record highs. There is no particular understanding of the recent rally, as some investors consider it has started after some Federal Reserve representatives claims that the monetary policymaker would me more tolerant to any QE tapering amid spread of the new more contagious COVID-19 “Delta” strain.