J.P. Morgan Predicts Cooling Stock Markets in Europe

Global Market Outlook: Mixed Trends and Insights from Wall Street, Europe, Asia, and Beyond

The market outlook for the day includes current reports, trends, indices, stock prices, bonds, foreign exchange, and commodities as well as analyst recommendations. In Europe, the trading day began with a negative trend although without significant changes. The British FTSE index fell by 0.3%, while the DAX and the KAC opened unchanged. In Asia, the stock exchanges of China, Hong Kong, and South Korea were closed for the Chinese New Year with the stock market in Japan closed for “National Day”. Wall Street futures traded in a mixed trend with minimal changes.

On Wall Street last Friday’s trading closed in a mixed trend. The S&P 500 index rose by about 0.6% and closed above 5,000 points for the first time. The Dow Jones index fell by about 0.1%, and the Nasdaq recorded increases of about 1.2%. Several intriguing reports are expected to emerge this week including those from Coca-Cola, IRB, Paramount Global, Cisco Corp., Occidental Petroleum, Coinbase Global, Applied Materials and Rocco.

In American debt markets government bonds traded in a mixed trend at the end of the week with yields on 10-year bonds decreasing slightly to around 4.17%. In commodity and currency markets American oil traded at $76.5 per barrel while Brent oil traded at $81.7 . Cryptocurrencies soared last weekend with Bitcoin trading at $48 thousand per coin and Ethereum at $2 thousand .

The week is expected to bring new data including unemployment data in Great Britain , consumer price index in Switzerland and USA , GDP in Eurozone and Japan , unemployment data in Australia , retail sales in US . Analysts have different opinions on market trends with some warning of correction risk while others see small companies as an investment opportunity .

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