{"id":1920,"date":"2021-09-09T09:55:55","date_gmt":"2021-09-09T12:55:55","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1920"},"modified":"2021-09-09T09:55:57","modified_gmt":"2021-09-09T12:55:57","slug":"claims-data-all-eyes-on-the-ecb-and-tech-stockschina-plummets","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/09\/09\/claims-data-all-eyes-on-the-ecb-and-tech-stockschina-plummets\/","title":{"rendered":"Claims data, all eyes on the ECB and tech stocksChina plummets"},"content":{"rendered":"\n

Work<\/strong><\/p>\n\n\n\n

With last week’s disappointing payroll numbers, it helpedgive some impetus to calls that US stocks are about to fall.\u00a0Youinvestors are focusing on labor market data to assess thegrowth potential of the economy, while the bank’s policy makerscentral are evaluating the timing of reducing asset purchases.\u00a0the number of vacanciesYesterday’s job market showed another record level of vacancies in July, as theemployers struggle to fill vacancies.\u00a0This morning we will have weekly numbers ofclaims for unemployment insurance, which should continue with a downward trend<\/p>\n\n\n\n

ECB<\/strong><\/p>\n\n\n\n

At 8:45 am Eastern time, the European Central Bank publishes its latest policy decisionmonetary policy, followed by a press conference with President Christine Lagarde 45minutes later.\u00a0As in the United States, there is a firm focus at the moment of anyslowdown in the pace of asset purchases.\u00a0If the bank signals any reduction inshopping, Lagarde will likely try to convince the markets that this is not thebeginning of end of the bank’s accommodative policy<\/p>\n\n\n\n

China’s Problems<\/strong><\/p>\n\n\n\n

Crackdown on China’s tech sector continues with industry executivesinstructed to break their \u201clone focus\u201d on profits by the country’s regulators.\u00a0the southChina Morning Post reported that there will be a temporary freeze on approvals fornew online games, news that accelerated a stock sale that saw Tencent HoldingsLtd. finished the session 8.5% lower.\u00a0Problems also continued for ChinaEvergrande Group, the most indebted developer in the world, which saw up to 11% of the price ofits shares fall due to fears of an increase in debt default<\/p>\n\n\n\n

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

Concern among global equity investors about prospects forgrowth and some nerves ahead of today’s ECB meeting mean there seems to befew reasons to increase risk exposure.\u00a0Overnight, the MSCI Asia indexPacific fell 1%, while Japan’s Topix index closed down 0.7%.\u00a0In Europe,the Stoxx 600 Index was down 0.4% at 6:50 am with cyclical companies under pressure.\u00a0the futures ofS&P 500 pointed to a move lower at the open, the Treasury yield of10 years was at 1.326%, oil remained virtually unchanged and gold rose<\/p>\n\n\n\n

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

US weekly unemployment claims are at 9:30 am.\u00a0the press conferenceof the ECB will also be at this time.\u00a0The latest crude oil stock numbers areat 12:00.\u00a0The US sells $24 billion in 30-year notes at 2 pm.\u00a0There are 7 presidents andFed regional governors speaking today.\u00a0Affirm Holdings Inc. and Dollarama Inc.among companies reporting results<\/p>\n\n\n\n

Source:http:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Work With last week’s disappointing payroll numbers, it helpedgive some impetus to calls that US stocks are about to fall.\u00a0Youinvestors are focusing on labor market data to assess thegrowth potential of the economy, while the bank’s policy makerscentral are evaluating the timing of reducing asset purchases.\u00a0the number of vacanciesYesterday’s job market showed another record level […]<\/p>\n","protected":false},"author":2,"featured_media":1031,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1920","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=1920"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1920\/revisions"}],"predecessor-version":[{"id":1921,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1920\/revisions\/1921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1031"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}