US futures indices rose on Wednesday (5), after a session marked by weak stocks in the technology sector. The movement is following in Europe, where the stock markets have an upward trend. In Asia, markets performed poorly, following the decline in the US on Tuesday.
On Tuesday, investors left stocks in the technology sector and those with higher growth expectations, causing the Nasdaq to drop 1.9%. Netflix shares fell 1.2 percent and Microsoft 1.6 percent. Amazon and Facebook shares lost 2.2% and 1.3%, respectively. Apple fell 3.5%, while Alphabet, which owns Google, fell 1.6%.
As a result, the S&P 500 lost 0.7%, closing Monday’s gains. The Dow Jones lost 300 points on Tuesday, but closed the day 20 points higher.
Among the concerns are rising inflation, concerns that the Fed may have to cut its monetary stimulus earlier than it indicated, and the possibility of raising taxes in the coming months.
US Treasury Secretary Janet Yellen said on Tuesday that interest rates may have to rise to prevent the economy from overheating, due in part to trillions of dollars in government stimulus to the country’s economy.
Among the companies expected to release their results on Wednesday are General Motors, Hilton Worldwide, Allstate and Etsy. Data will also be published on jobs in the private sector in the United States.
In Asia, major markets in mainland China and Japan remain closed for holidays. South Korean markets were also closed on Wednesday.
Markets still open took a defensive stance, after a weak Tuesday in the US. In Hong Kong, the Hang Seng lost 0.49%. India’s central bank announced measures to boost lending in the country, whose economy has been hit hard by the epidemic. The Nifty Index is up 0.69%.
In Europe, stocks have an upward trend, as investors digest the release of corporate and economic data from the Eurozone. Eurostoxx is up 1.6%, with the core resources sector up 2%, leading the gains. All sectors have heights, except for cars.
On Tuesday, European indices were mostly lower. The technology sector fell by 3.8%, after the pace of similar measures around the world. There are concerns that values will be excessively high, and that reopening the economy will hurt the sector, which has been benefiting from movement restrictions.
Watch the performance of the major indicators at 6:30 am (Brasilia time):
* S&P 500 Futures (USA) + 0.36%
* Nasdaq Future (USA), + 0.47%
* Dow Jones Futures (USA), + 0.28%
Europe
* Dax (Germany), -0.36%
* FTSE 100 (UK), + 0.68%
* CAC 40 (France), + 0.47%
* FTSE MIB Index (Italy), + 0.16%
Asia
* Nikkei (Japan) index has not opened
* Hang Seng Index (Hong Kong) -0.49% (Closed)
KOSBI (South Korea) did not open
* Shanghai SE (China), did not open
Commodity e bitcoin
* West Texas Intermediate Crude Oil, + 1.04%, at $ 66.37 per barrel
Brent oil rose + 1.07% to $ 69.62 a barrel
* Bitcoin -1.68%, $ 55.268.05 USD
** Dalian Stock Exchange, where iron ore futures are being negotiated, has not reopened due to a public holiday.
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