Stock markets are “overthinking the positive vaccine news,” with stock markets soaring after drug firms Pfizer and BioNTech announced that their Covid-19 vaccine was 90% effective in tests, a leading financial advisor
By Hussein Sayed, Chief Market Strategist at FXTM Asian and European equities along with US futures began the week with substantial gains, after Wall Street closed last week at new record highs,
By Han Tan, Market Analyst at FXTM Investors have been reluctant so far to send benchmark stock indices to new record highs since the Covid-19 pandemic, despite coming tantalisingly close. Asian stocks
By Hussein Sayed, Chief Market Strategist at FXTM Stock markets across Asia tracked Wall Street higher Thursday following upbeat data from the US and early positive results from Pfizer’s first phase of
By Han Tan, Market Analyst at FXTM US stock markets could see a massive spike in trading volume on Friday, as the Russell indexes reconstitution takes place. The once-a-year process involves adjusting
By Han Tan, Market Analyst at FXTM Asian stocks on Friday extended the previous day’s declines, following the latest rout on Wall Street. The Dow Jones index saw prices sandwiched between its
By Hussein Sayed, Chief Market Strategist at FXTM Investors in Asia kicked off the week in an upbeat mood, with most major equity indices trading in positive territory. The upside momentum seems
By Hussein Sayed, Chief Market Strategist at FXTM The short-term economic outlook is looking terrible and it is likely to become even worse as more data is published. Wednesday’s US ADP labour
By Hussein Sayed, Chief Market Strategist at FXTM This question never gets old: shall we “sell in May and go away”? Investors who got out of the market just for the month
By Hussein Sayed, Chief Market Strategist at FXTM After climbing to a month-high on Tuesday, the S&P 500 declined 2.2% on Wednesday and more losses are set to follow Thursday with futures
