Gold prices eased from a two-week high on Thursday as investors booked some profit following a rally in the previous session, while expectations for further stimulus and a weaker U.S. dollar limited losses. Joe Biden was sworn in as the president of the United States on Wednesday, with markets focusing on his proposed $1.9 trillion dollar coronavirus stimulus package, which will require approval from a divided Congress.
Technical Resistance: 1875/1887
Technical support: 1840/1826
- S&P, Nasdaq close at record highs on optimism about Biden stimulus plan
- China overtakes Germany with largest current account surplus
- Japan’s factory activity contracts as state of emergency weighs – PMI
- USDMYR traded at 4.0350
- 22 Jan 2021 Malaysia time 3:00 pm – U.K. Retail Sales (MoM) (Dec)
- 22 Jan 2021 Malaysia time 4:30 pm – German Manufacturing PMI (Jan)
- 22 Jan 2021 Malaysia time 11:00 pm – U.S. Existing Home Sales (Dec)
S&P, Nasdaq close at record highs on optimism about Biden stimulus plan
The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery. The Dow was also poised for a record until falling into negative territory in the final minutes of trading. The number of Americans filing new applications for unemployment benefits dipped to 900,000 last week but still remained stubbornly high as the COVID-19 pandemic tears through the nation, raising the risk that the economy will shed jobs for a second straight month in January.
China overtakes Germany with largest current account surplus
Germany’s current account surplus shrank for the fifth year in a row in 2020 as China overtook Europe’s biggest economy during the COVID-19 pandemic to run the world’s largest current account surplus, a survey by the Ifo institute showed on Friday. The data underlines a tectonic shift in world trade triggered by the coronavirus crisis as higher demand across the globe for medical protection gear and electronic devices boosted Chinese exports.
Japan’s factory activity contracts as state of emergency weighs – PMI
Japan’s factory activity slipped into contraction in January and the services sector was more pessimistic, a private-sector survey showed on Friday, as emergency measures taken in response to a resurgence of COVID-19 infections hurt sentiment. Japanese Prime Minister Suga this month announced a second state of emergency in the country to stem a rise in coronavirus cases, which now covers Tokyo, Osaka, Kyoto and other areas accounting for 55% of the nation’s population.
Source: Bloomberg, CNBC, Reuters
- 美元兑马币交易 RM 4.0350
- 1月22日马来西亚时间 3:00 pm- 英国零售销售月率(%) (月度环比) (十二月)
- 1月22日马来西亚时间 4:30 pm- 德国制造业PMI月率(%) (一月)
- 1月22日马来西亚时间 11:00 pm- 美国成屋销售年化总数(户) (十二月)
标准普尔500指数和纳斯达克指数周四收于创纪录高位，这得益于对拜登政府为支持经济而提供的更多大流行性疾病缓解措施的乐观情绪，数据显示劳动力市场温和复苏。 道琼斯指数也创下纪录，直到在交易的最后几分钟跌入负数。 上周提交新的失业救济申请的美国人数量下降至900,000，但仍因COVID-19大流行的影响而流连忘返，这仍然增加了经济增长的风险，1月经济将连续第二个月失业。
资料来源: Bloomberg, CNBC, Reuters