{"id":1912,"date":"2021-09-08T09:55:44","date_gmt":"2021-09-08T12:55:44","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1912"},"modified":"2021-09-08T09:55:46","modified_gmt":"2021-09-08T12:55:46","slug":"watch-out-for-us-stocks-the-china-debate-heats-up-and-bitcoin-takes-losses","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/09\/08\/watch-out-for-us-stocks-the-china-debate-heats-up-and-bitcoin-takes-losses\/","title":{"rendered":"Watch out for US stocks, the China debate heats up and Bitcoin takes losses."},"content":{"rendered":"\n

Very far?<\/strong><\/p>\n\n\n\n

Morgan Stanley, Citigroup Inc. and Credit Suisse Group AG are warning investorson the outlook for US equities.\u00a0Citing “exaggerated risks” for thegrowth through October, Morgan Stanley reduced US stocks tounderweight and global equits for equal weight.\u00a0With the Delta variant continuing todelay the return to normal and political debates in Washington getting bogged down, thepositive argument is getting harder to make.\u00a0Citigroup said the positions ofrally in US equities currently outweighs the bearish by 10 to 1, which means thatany correction can be scaled up quickly<\/p>\n\n\n\n

Debate<\/strong><\/p>\n\n\n\n

The debate on Wall Street over investment in China is heating up, with thebillionaire investor Ray Dalio saying that the opportunities in the country cannot beneglected.\u00a0His comments came the day after George Soros criticized theBlackRock Inc.’s entry into the country as a risk to customers’ money andUS security interests.\u00a0Meanwhile, the publication’s spokesmanThe People’s Daily government published a front-page editorial trying to calm people down.foreign investors’ concerns that the president’s regulatory crackdownXi Jinping would harm them.\u00a0One unusual thing Xi’s policies are causing is astrong public debate in China, something rarely allowed under Party ruleCommunist<\/p>\n\n\n\n

Just a glitch…<\/strong><\/p>\n\n\n\n

The official adoption of Bitcoin as legal currency by El Salvador did not go as well as ifexpected, with the introduction hampered by technical problems and a 17% drop in thedigital token.\u00a0While the worst of the liquidation was recovered yesterday, Bitcoin is fallingagain today and was trading at $46,200 at 6:50 am EDT.\u00a0ForEl Salvador, the new currency may work for retail payments, but there are signsthat the bond market is getting nervous about the country’s prospectswith its entire yield curve now inverted<\/p>\n\n\n\n

Market crash<\/strong><\/p>\n\n\n\n

With the prospect of growth under increasing pressure, equity investorsGlobal organizations are busy taking some risks off the table.\u00a0Overnight, the MSCI indexAsia Pacific fell 0.1%, while Japan’s Topix index closed 0.8% higher, with therecovery driven by Japanese Prime Minister Yoshihide Suga’s decisioneffectively relinquish.\u00a0In Europe, the Stoxx 600 Index fell 0.9% at 6:50 am, with thetraders remaining cautious ahead of tomorrow’s ECB decision.\u00a0the futuresof the S&P 500 pointed to a move lower at the opening, the yield of the10-year treasury was at 1.355%, oil rose and gold was a little higher.<\/p>\n\n\n\n

Arriving<\/strong><\/p>\n\n\n\n

US job vacancy data for July is at 11:00 am.\u00a0The Bank of Canada mustkeep policy unchanged when you announce your latest monetary policy decision,also at 11am.\u00a0The US sells $38 billion in 10-year notes at 1:00 pm.\u00a0The bookBeige is at 3pm and consumer credit for July is at 4pm.\u00a0Lululemon Athletica Inc., Sentinel One Inc. is a favorite of retail investor GameStop Corp.\u00a0are among thecompanies that release the results today<\/p>\n\n\n\n

Source:https:\/\/www.forexlive.com\/technical-analysis\/!\/us-stocks-open-marginally-lower-as-traders-digest-the-us-jobs-report-20210903<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Very far? Morgan Stanley, Citigroup Inc. and Credit Suisse Group AG are warning investorson the outlook for US equities.\u00a0Citing “exaggerated risks” for thegrowth through October, Morgan Stanley reduced US stocks tounderweight and global equits for equal weight.\u00a0With the Delta variant continuing todelay the return to normal and political debates in Washington getting bogged down, thepositive […]<\/p>\n","protected":false},"author":2,"featured_media":1092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1912"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1912\/revisions"}],"predecessor-version":[{"id":1913,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1912\/revisions\/1913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1092"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}