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US Stocks Today: US holiday so go trade some FX!

  • European indices positive in light trading due to US Martin Luther King day holiday.
  • FTSE +0.4%, DAX +0.35, EuroStoxx50 +0.4%.

European stocks bounced in early- afternoon trading as earlier worries over further lockdowns had weighed on stocks. Germany was said to be considering night-time curfews, in line with France, while the UK closed all travel corridors into the country. Travel and leisure related stocks understandably fell as a result.

The Bundesbank said the German economy risks a sizable setback if lockdown curbs are extended, Italian bond yields rose as the PM faces key votes in parliament and Carrefour (CA) fell nearly 6% after it ended takeover talks with Couche-Tard.

Oil stocks were lower on the back of lower oil prices. A stronger US dollar, the US recommitment to the Paris climate accord and continued talk of curfew and lockdowns weighed on oil prices.  

China GDP gave some comfort to markets as GDP returned to growth with a sharp rebound from the pandemic with Q4 growth of 6.5% beating forecasts of 6.2%.

Stocks covered this week at FXStreet

BP Stock Price and News: Oil slips ahead of Biden inauguration, but there is room to rise

Signal Advance Inc (SIGL) Stock Price and Forecast: The WhatsApp (FB) killer, except it is not!

TRXC Stock Price: TransEnterix Inc extends its momentum as investors rally around its Senhance surgical system

BB Stock Price: BlackBerry Ltd soars on patent deal with Huawei

Alibaba (BABA) Stock Price Forecast: Gains 3% on IM electric sedan launch

Delta Air Lines (DAL) Stock Price and Forecast: Preparing for take-off

NIO Stock Price Forecast: Carmaker weathers comments calling for a correction, a sign of strength

Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector

BNGO Stock Forecast: BioNano Genomics Inc eyes all-time highs after cancer-related progress

TTCF Stock Price: Tattooed Chef Inc readies for a breakout as new vegan options hit mainstream 

PLTR Stock Price: Palantir Technologies Inc holding onto high ground after analyst boost

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Author

Ivan Brian

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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