{"id":293517,"date":"2021-02-04T00:10:49","date_gmt":"2021-02-03T13:10:49","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/overnight-on-wall-street-thursday-04-february-2021\/"},"modified":"2021-02-19T12:12:55","modified_gmt":"2021-02-19T01:12:55","slug":"overnight-on-wall-street-thursday-04-february-2021","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-thursday-04-february-2021\/","title":{"rendered":"Overnight on Wall Street: Thursday 04 February 2021"},"content":{"rendered":"

By Lachlan Meakin<\/strong><\/p>\n

Equity markets<\/strong><\/h4>\n

Major US and European indices had a quiet night finishing mostly flat after 3 days of solid gains.<\/span><\/p>\n

US corporate earnings have been strong all week helping to lift equity markets and give investors optimism that the US economic recovery is progressing well.<\/span><\/p>\n

Paypal (PYPL) reported after the bell with figures beating analysts\u2019 expectations soaring 7% in the aftermarket and helping to propel US futures higher.<\/span><\/p>\n

\"\"
\nSource: Google Finance<\/p>\n

\"\"
\nSource: Investing.com.au<\/span><\/p>\n

Australian and Asian markets have opened mostly flat to slightly negative at the time of writing with no major news scheduled for these regions.<\/span><\/p>\n

FX markets\u00a0<\/b><\/h4>\n

The US Dollar Index continued its recent upward move. It has found stiff resistance at levels set back in late 2020. A break to the upside could see a prolonged US dollar rally as improving US economic fundamentals make the greenback a more attractive investment.<\/span><\/p>\n

\"\"
\nSource: GO MT4<\/p>\n

AUDUSD<\/b><\/p>\n

RBA Governor Lowe spoke yesterday at the National press Club and gave an upbeat outlook of Australia\u2019s economic recovery saying the recession sparked by the coronavirus pandemic was not as deep as first thought.<\/span><\/p>\n

This helped the AUD to a positive session despite US dollar strength, technically the AUDUSD is remaining to be supported by the important 50 day moving average.<\/span><\/p>\n

\"\"
\nSource: GO MT4<\/p>\n

Commodities \u2013 Oil<\/b><\/h4>\n

Crude oil rallied strongly overnight on a larger than expected inventories drawdown and more importantly from news from the monthly The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group.<\/span><\/p>\n

OPEC+ did not make any recommendation about changing the oil production levels of the alliance, meaning the current production cuts are going ahead as planned.<\/span><\/p>\n

Last night’s meeting also noted that an acceleration of vaccinations could spur a faster global growth recovery and increasing oil demand in the latter half of 2021.<\/span><\/p>\n

\"\"
\nSource: oilprice.com<\/p>\n

By Lachlan Meakin<\/strong><\/p>\n\n\n\n\n\n\n\n
Friday, 05 February 2021<\/strong>\u00a0<\/strong>
\n<\/strong>Indicative Index Dividends
\nDividends are in Points<\/sup><\/em><\/td>\n<\/tr>\n
ASX200<\/strong><\/td>\nWS30<\/strong><\/td>\nUS500<\/strong><\/td>\nUS2000<\/strong><\/td>\nNDX100<\/strong><\/td>\nCAC40<\/strong><\/td>\nSTOXX50<\/strong><\/td>\n<\/tr>\n
0<\/td>\n1.349<\/td>\n0.408<\/td>\n0.093<\/td>\n2.441<\/td>\n0<\/td>\n0<\/td>\n<\/tr>\n
ESP35<\/strong><\/td>\nITA40<\/strong><\/td>\nFTSE100<\/strong><\/td>\nDAX30<\/strong><\/td>\nHK50<\/strong><\/td>\nJP225<\/strong><\/td>\nINDIA50<\/strong><\/td>\n<\/tr>\n
0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n\"\"<\/a><\/p>\n

Disclaimer: The articles are from GO Markets analysts, \u00a0based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; \u00a0should not be taken as either representative of or shared by GO Markets. \u00a0Advice (if any), \u00a0are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs.\u00a0 You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. \u00a0If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Lachlan Meakin Equity markets Major US and European indices had a quiet night finishing mostly flat after 3 days of solid gains. US corporate earnings have been strong all week helping to lift equity markets and give investors optimism that the US economic recovery is progressing well. Paypal (PYPL) reported after the bell with […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[129],"tags":[],"yoast_head":"\nOvernight on Wall Street: Thursday 04 February 2021 - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-thursday-04-february-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overnight on Wall Street: Thursday 04 February 2021 - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Lachlan Meakin Equity markets Major US and European indices had a quiet night finishing mostly flat after 3 days of solid gains. 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