Markets open in the red again, awaiting the Fed and tech company results

January 27, 2021 15:00

Yesterday’s increases across the main European stock indices seem to have been short-lived. The stock exchanges have turned red once again, after the International Monetary Fund (IMF) lowered its growth prospects for Europe for this year, while the restrictions to stop the Covid-19 contagion are extended by several countries. 

The index which fell the most is the Italian FTSE MIB, with more than 1%. This comes from their political crisis, after experiencing after the resignation of Prime Minister Giuseppe Conte, with this adding to four prior days of falls over the last five trading days.

Wall Street also announced falls, despite positive results from some companies such as Microsoft or GameStop. Investors are awaiting this afternoon’s appearance of the chairman of the Federal Reserve, Jerome Powell, as well as the results from Apple, Tesla, and Facebook at the market close. All of them are trading at historic highs, so it will be necessary to see if, after the 2020 results, they continue to rise.

Source: Admiral Markets MetaTrader 5. Weekly CFD Facebook Chart. Data range: from May 31, 2015 to January 27, 2021. Prepared on January 27, 2021 at 1:00 p.m. CET. Keep in mind that past returns do not guarantee future returns.

With an Admiral Markets Trade.MT5 account, you can trade Contracts for Difference (CFDs) on top Indices and over 4,000 leading instruments! CFDs allow traders to try to profit from both bull and bear markets, as well as profit from the use of leverage. Click on the following banner to open an account today:


The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter “Analysis”) published on the websites of Admiral Markets investment firms operating under the Admiral Markets trademark (hereinafter “Admiral Markets”) Before making any investment decisions please pay close attention to the following:

  1. This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
  2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.
  3. With view to protecting the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
  4. The Analysis is prepared by an independent analyst, Roberto Rojas (analyst), (hereinafter “Author”) based on their personal estimations.
  5. Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.
  6. Any kind of past or modeled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
  7. Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the risks involved.
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.