STOCK PRICES AND NEWS


Coinbase IPO Stock Price: When can I buy NASDAQ:COIN?

Coinbase launches today Wednesday on the Nasdaq to much investor anticipation. The crypto sector has been one of the most revolutionary developments to financial markets this century as Bitcoin steadily inserts itself into the mainstream. Companies are increasingly making Bitcoin part of their future plans with Goldman Sachs, VISA, Tesla, and others all getting on board.

Latest stock news



NASDAQ

Latest Nasdaq News


S&P 500

Latest S&P 500 Analysis


SPECIAL YEARLY FORECAST

S&P 500 Price Forecast 2021: Optimism is not inappropriate as bulls could enjoy another 15% winning year

S&P 500: Optimism is not inappropriate as bulls could enjoy another 15% winning year

It's not the Roaring Twenties, it's not even 2020, but pent-up consumer demand and the return of shuttered industries could boost the S&P 500 next year well beyond its recent record. Equity averages were already at all-time highs in late February when COVID-19 panicked markets into the starkest sell-off in post-war history. In one month, from February 19 to March 23, the S&P 500 shed 52.6% of its value.



US EQUITY INDICES

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The old economy stocks are said to be represented by the Dow. The Dow tends to be the leading indicator for international investment.

While the Dow reflects the BIG money, S&P 500 reflects the broader view is the preferred gauge of equity markets due to its bread coverage of the market. Historically it has shown a negative correlation to the yen (even on an intraday basis). It is a market value-weighted index made up of the prices of 500 large stocks traded in the US market, covering about 75% of US equities.

Nasdaq Composite is highly followed in the U.S. as an indicator of the performance of stocks of technology companies and growth companies. Since both U.S. and non-U.S. companies are listed on the NASDAQ stock market, the index is not exclusively a U.S. Index. The NASDAQ represents the speculative retail money.

Generally speaking, if the U.S. equity markets rise, they cause an increase in investors' risk appetite in which case foreign investment dollars will flock the U.S. equity market pumping the U.S. dollar higher.


EUROPEAN EQUITY INDICES

Germany DAX - Daily

UK FTSE 100 - Daily

The Deutscher Aktien Index, or DAX 30 for short, is the blue-chip market index for the Frankfurt Stock Exchange. It follows the top 30 German stocks on the electronic Xetra system that is used on the exchange. The DAX indices are all calculated using capitalization-weighted index using the total return Laspeyres index for calculations. 

Called the footsie, the Financial Times Stock Exchange 100 is a market capitalization-weighted index representing the top 100 blue-chip companies on the London Stock Exchange. The index is said to map more than 80% of the total capitalization in the United Kingdom. Stocks are free-float weighted to ensure that only the investable opportunity set is included within the index. 

The constituents of the index are revised every 3 months, based on market capitalization. For this reason, the FTSE 100 should not be assessed for any market breadth index, other than for the recent period for which the components have remained unchanged.


JAPANESE EQUITY INDICES

The Nikkei is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since 1950. It is a price-weighted average (the unit is yen), and the components are reviewed once a year. This market is close correlated with US 10-Year Treasury notes. It's also useful to spot risk appetite and gauge FX flows. 
Usually it's negatively correlated to the Yen. It can be explained as a reasonable decline in the yen usually lifts stocks of export-oriented companies (cheaper Japanese products), which tends to boost the overall stock index. 
But the Nikkei-yen relationship is sometimes reversed (positive correlation): wherein a strong open market in the Nikkei tends to boost the yen (weighs on USD/JPY) as investors’ funds flow into yen-denominated stocks.

Nikkei225 - Daily


Relationships between stocks and currencies

Currencies are probably the most difficult asset class to fit into a consistent or idealized intermarket model. To start with, think that in order to purchase stocks from a particular country, investors must pay in the local currency, increasing the demand for it. The other way round, a strong currency makes bonds and stocks from that particular country look attractive.

In any case, the correlation is not always clear, there are response lags between each of the markets' reactions, Forex and equities, which leaves the investor holding foreign equities exposed to exchange rate fluctuations.

This correlation can also be fragile among international equity markets themselves. There are so-called "global divergences" when the stock market in one country starts performing better than the stock market in another country. Currency driven capital flows from the country with the weaker stock market to the country with the stronger stock market, is often the cause.

US Dollar Index - Daily

Sponsor broker



Latest STOCK INDICES Analysis

Editors' picks

EUR/USD retains gains near the 1.2000 threshold

The EUR/USD pair advanced for a third consecutive day, holding near a daily high at 1.1986. Dollar bears leading the way higher ahead of US Retail Sales, employment data.

EUR/USD News

GBP/USD holds on to daily highs near 1.3800

The broad dollar’s weakness helps GBP/USD recover some ground, although the pound is among the worst performers. Britain's successful vaccination campaign supports sterling.

GBP/USD News

USD/JPY extends sideways grind around 109.00

After closing the first two trading days of the week in the negative territory, the USD/JPY pair turned quiet and continues to fluctuate in a relatively tight range on Wednesday.

USD/JPY News

Gold stays depressed below $1,750 amid mixed sentiment

Gold holds lower grounds after the previous day’s downbeat performance. The yellow metal dropped for three days in the last four even as the DXY remains dismal around a one-month low. US dollar weakness tests the bears amid dull markets.

Gold News

WTI pops to 2-week highs around $61.50 ahead of EIA

Prices of the barrel of the West Texas Intermediate advance to new 2-week highs beyond the $61.00 mark on Wednesday.

Oil News

Risk-on/ Risk-off

Bonds

Signatures