Good start for 2021 in the stock markets as they await the first NFPs of the year
The markets have started the new year strongly, with rises, ignoring the new restrictions against coronavirus infections in some countries and the siege of the US Capitol. Asian stock markets closed last morning with consistent increases: the Nikkei 225 2.4%, the Hang Seng 1.2% and the Kospi Composite in Seoul, 4%. Within this last index, the rise of almost 20% of Hyundai Motors stands out after it was confirmed that it is in negotiations with Apple to manufacture its electric vehicles.
The main European indices also showed growth in the middle of the trading day, and were heading to complete the first week of the year in the green. The DAX 30 grew slightly more than 2.5% since Monday, the CAC 40 grew slightly more than 1.7%, and the FTSE 100 grew the most over the first week, after the departure from the United Kingdom of the EU, with an increase of more than 4%. The Spanish IBEX 35 has risen a little more than 3% this week.
Markets today are awaiting the release of US employment and non-farm payroll (NFP) data. A slowdown in job creation in the US is expected in December. The unemployment rate would rebound slightly from 6.7% to 6.8%, while in the NFP it is estimated that 50,000 jobs were created, well below the previous month.
The main Wall Street indices showed new rises after closing yesterday once again at all-time highs. The Nasdaq closed with a 2.56% rally. Markets await more stimulus to the economy from the new Joe Biden administration to alleviate the effects of the coronavirus pandemic.
Source: Admiral Markets Metatrader 5. Nasdaq 100 chart. Data range: from August 24, 2016 to January 8, 2021. Prepared on January 8, 2021 at 1:00 p.m. Keep in mind that past returns do not guarantee future returns.
Did you know that with Admiral Markets you can speculate on the price movement of stock indices, whether they go up or down? This is possible thanks to Contracts for Difference (CFD). Click on the following banner if you want to open a real trading account and start trading:
INFORMATION ON ANALYTICAL MATERIALS:
The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter "Analysis") published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:
- This is a marketing communication. The content is posted for informational purposes only and should not 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 is not subject to any prohibition on pre-dissemination of investment research.
- Each investment decision is made by each client alone, while Admiral Markets UK Ltd (Admiral Markets) will not be liable for any loss or damage arising from such a decision, whether based on content or not.
- In order to protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for the prevention and management of conflicts of interest.
- The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter "Author") based on personal estimates.
- While all reasonable efforts are made to ensure that all sources of content are reliable and that all information is presented, as much as possible, in an understandable, timely, accurate, and complete manner, Admiral Markets does not guarantee accuracy. or integrity of any information contained in the Analysis.
- Any past performance or modelling of the financial instruments indicated in the content should not be construed as an express or implied promise, guarantee, or implication of Admiral Markets for any future performance. The value of the financial instrument may rise and fall, and the preservation of the asset's value is not guaranteed.
7. Leveraged products (including contracts for difference) are speculative in nature and may generate profit or loss. Before you start trading, make sure you fully understand the risks.