empty
10.07.2023 02:08 PM
US premarket on July 10, 2023: pressure on stock market increases

US stock index futures opened with a sharp downward gap on Monday, but later managed to recover as traders fought to keep the market within the trading channel.

Weak CPI data from China heightened concerns about the global economic outlook ahead of key US inflation reports, due later this week. S&P 500 futures are currently trading nearly unchanged from Friday's closing level, while Nasdaq 100 futures slipped by 0.2% following a sell-off triggered by US wage data, highlighting that inflation remains a top economic concern. Treasury yields declined, while the dollar index strengthened.

This image is no longer relevant

The stock market has not had a great start of the second half of 2023. It's evident that the economy will continue to face significant pressure from Fed policy and high interest rates, as the battle against inflation is far from over. US Treasury Secretary Janet Yellen recently expressed her concerns about high base prices and did not rule out the possibility of a recession in the US next year.

Given that the focus is currently on inflation over an extended period, this week's data could prove decisive for the FOMC, with its monetary policy meeting slated for the end of the month. Traders will closely evaluate the US CPI data on Wednesday, followed by the PPI data the next day. If inflation rises, the risks of a looming recession will also escalate.

Another important factor is the earnings season for the second quarter, which is on the horizon. Investors are bracing themselves for increased volatility in the coming weeks. Markets anticipate what could be the worst earnings season since the end of the COVID-19 pandemic, when support and stimulus programs were at their peak and money flowed at historically low interest rates. Quarterly results will likely contain many negative outlooks, and a more substantial correction is likely, especially within the technology sector.

In the EU, the STOXX Europe 600 index fluctuated after experiencing its largest weekly decline since mid-March. Mining companies led the downward trend due to declining iron ore and copper prices. Shares of Rio Tinto Group fell more than 2% after its chairman warned of headwinds from China regarding raw materials. Bayer AG rose by 3.2% following the announcement that the company was planning to spin off its agricultural chemicals business.

Asian stock market indexes also declined for the fourth consecutive day, approaching the lowest closing level in over a month. The offshore yuan fell after the publication of statistic data, while oil prices retreated on Monday after last week's gains. Gold also went down.

This image is no longer relevant

As for the technical picture of the S&P 500, demand for the index has slightly diminished. While the bulls still have a chance to sustain the upward momentum, they must regain $4,405. A breakout above this level would likely propel the index towards $4,427 and $4,447. An equally important task for bullish traders will be maintaining control over $4,469 and $4,488, which will strengthen the bullish sentiment in the market. However, if risk appetite continues to wane, bulls must firmly establish themselves around the $4,382. A breakout below this level would push the instrument towards $4,357 and pave the way for further decline towards $4,332.

Jakub Novak,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Mercado dos EUA em fase de consolidação. Trump busca apoio do Senado para ataques ao Irã

S&P 500 Visão geral para 21 de março O mercado dos EUA entrou em uma fase de consolidação na quinta-feira, enquanto tentava definir sua próxima direção. Principais índices

Jozef Kovach 16:06 2025-03-21 UTC+2

Fed revigora o mercado de ações

A estrutura de ondas no gráfico de 24 horas para o #SPX está relativamente clara. O primeiro e mais importante ponto é a grande estrutura de cinco ondas em larga

Chin Zhao 15:11 2025-03-21 UTC+2

Perspectiva do mercado acionário para 21 de março: S&P 500 e NASDAQ sob pressão novamente

No fechamento do pregão regular de ontem, os principais índices acionários dos EUA encerraram em queda. Os mercados asiáticos seguiram a mesma tendência nesta quinta-feira, pressionados por uma série

Jakub Novak 15:02 2025-03-21 UTC+2

Mercado dos EUA se recupera com o Fed mantendo as taxas estáveis

S&P500 O mercado dos EUA se recuperou após a decisão do Fed de manter as taxas de juros inalteradas. Principais índices dos EUA na quarta-feira: Dow: +0,9%, NASDAQ: +1,4%, S&P

Jozef Kovach 16:17 2025-03-20 UTC+2

Previsão para o S&P 500 para 20 de março de 2025

O S&P 500 teve uma sessão positiva de negociação ontem e iniciou o dia de hoje com uma forte performance. No entanto, toda a alta desde 14 de março ainda

Laurie Bailey 15:38 2025-03-20 UTC+2

Mercado acionário dos EUA em 20 de março: S&P 500 e Nasdaq recuperam sua posição

Os índices de ações dos EUA encerraram o dia com sólidos ganhos. O S&P 500 subiu 1,1% e o Nasdaq 100 fechou em alta de 1,41%. No momento, os futuros

Jakub Novak 15:14 2025-03-20 UTC+2

Visão geral do mercado dos EUA: recuo após crescimento. Foco no Fed. Não se espera nenhuma mudança na taxa

S&P 500 Visão geral do mercado em 19 de março Mercado dos EUA: Recuo. Consolidação. Foco no Fed. Principais índices dos EUA na terça-feira: Dow -0,6%, NASDAQ -1,7%, S&P

Jozef Kovach 14:47 2025-03-19 UTC+2

Mercado de ações dos EUA: dois dias de ganhos a partir dos níveis de suporte

S&P500 Mercado acionário dos EUA: dois dias de ganhos a partir dos níveis de suporte Instantâneo dos principais índices dos EUA na segunda-feira: Dow Jones: +0.9% NASDAQ: +0.3% S&P

Jozef Kovach 16:20 2025-03-18 UTC+2

Visão geral do mercado de ações em 18 de março: S&P 500 e Nasdaq sobem pelo segundo dia

Os índices de ações dos EUA encerraram o pregão de ontem em alta. O S&P 500 avançou 0,64%, enquanto o Nasdaq 100 subiu 0,31%. Na Ásia, os mercados também registraram

Jakub Novak 14:14 2025-03-18 UTC+2

Análise do mercado de ações em 17 de março: S&P 500 e Nasdaq permanecem sob pressão

Os futuros dos índices de ações dos EUA caíram depois que o secretário do Tesouro, Scott Bessent, classificou a recente queda do mercado como "favorável", reforçando as expectativas

Jakub Novak 15:44 2025-03-17 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.