S&P 500 Futures extend the latest bounce from 3,335 to 3,342 amid Monday’s Asian session. Even so, the risk barometer prints 0.06% losses on a day as traders struggle for firm guidance.
Although heating tension between the US and China joins the coronavirus (COVID-19) woes to challenge the market sentiment, recent measures from the US keep hopes of further stimulus alive and challenge the risk-off mood.
Following Friday’s banning of WeChat and TikTok, not to forget sanctions on the Hong Kong Leader Carry Liam, Trump administration alleges China to meddle the US Presidential election. As per Reuters, White House National Security Adviser Robert O’Brien said that Chinese government-linked hackers have been targeting US election infrastructure ahead of the 2020 presidential election.
On the other hand, US President Donald Trump recently said, “Democrats have called and want to get together.” This means the two main political parties of America will restart the stimulus talks that died during the last week. This even could be traced from President Trump’s signing of four executive orders to release unemployment claim benefits, help with student loans and those living in a rented house.
Elsewhere, Australia’s Victoria marks the biggest single-day jump in deaths due to the COVID-19. As per the ABC News published before a few minutes, “Australia's coronavirus death toll hits 314 as Victoria announces a daily record of 19 deaths and 322 new cases in the past 24 hours.”
It’s should be noted that the market lacks momentum as Japanese traders are off due to Mountain Day. Even so, stocks in Australia and New Zealand are mildly positive by press time.
Moving on, China’s headlines inflation data for July will be the immediate catalyst to watch. However, major attention will be given to the US traders’ reaction to the latest change in the US-China tussle and American stimulus news. #S&P500##USAChinaTension#
Reprinted from Fxstreet，the copyright all reserved by the original author.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.