The stock markets were rejoicing yesterday over the supposedly very good US job market data. But how good was this data really? Although the headline figure was better than expected, on closer inspection the situation on the US job market as a whole actually worsened. This is because the number of permanently unemployed has risen sharply. Moreover, the US job market data was collected before the significant increase in corona cases in the USA. The fact that the US has anything but got the Corona problem under control is shown by the figures from Florida yesterday. The victory mood of the stock markets has subsequently clouded over. The Dax, on the other hand, has risen above the resistance at 12500 points. The DAX will be on its own today.
While US stock markets have been more or less stagnant for several days, bond markets have seen strong moves: yields on longer-dated government bonds have risen sharply – bond prices have declined – quite sharply. […]
Europe’s stock markets are reacting negatively to the latest developments in the trade war. A few minutes ago the editor-in-chief of the Global Times, Hu Xijin, tweeted that fewer and fewer Chinese believed in a […]
Stock markets: More sellers than buyers – or why current events have a lot to do with the Stone Age.
If you want to describe the situation on the stock markets, you could say: there will probably be more sellers than buyers in the next few days and weeks! The reason for this is logical: […]