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European stocks fall and the dollar rises due to speculation about the Fed and Trump’s caution

European stocks fell and the US dollar rose on Monday amid concerns that the US Federal Reserve is reluctant to continue strengthening its balance sheet, with investors also wary of the remainder of US President Donald Trump’s term.

3% increase last week, Stoxx Europe 600 SXXP,
fell by 0.4%.

US futures for ES00 shares,
the DXY dollar also fell,
+ 0.41%

The yield of TMUBMUSD10Y bonds,
moving in the opposite direction to prices have taken into account fears that the Federal Reserve will be less interested in maintaining the percentage of its purchases. On Friday, Federal Reserve Deputy Chairman Richard Clarida said he expected the current rate of bond purchases to remain until the end of the year. Other Fed employees began talking about reducing these purchases later in 2021.

SX6P Utilities
often referred to as bond proxies, were the worst performing sector in Europe on Monday.

Markets are also closely following the policy, as Parliament Speaker Nancy Pelosi has said that impeachment members will be introduced if Trump is not removed by reference to the 25th Amendment. is interested in this.

“Markets open with a slight fluctuation of the risk axis this morning, as investors may reach a short-term point of inflation. It’s too early to tell, as investors are firmly established and continue to roar like lions, supported by a long vaccine track covered by an American stimulus, “said Stephen Ines, Axi’s chief global market strategist.

From stocks in motion, Signature Aviation SIG,
+ 8.99%
rose 8 percent to 438 pence after accepting a $ 4.63 billion offer from Global Infrastructure Partners, which valued the aviation services company at 405 pence a share. Rival equity groups Carlyle Investment Group and Blackstone have indicated separate interest in the company.

JD Sports Fashion JD,
+ 4.56%
rose 5% after saying its pre-tax profit for the year ended January 31 would be at least £ 400m, compared to market expectations of £ 295m. The sports goods retailer added that next year’s profit would grow between 5% and 10%.

Smith and nephew SN,
the British medical device maker fell 3% after saying its fourth-quarter adjusted earnings fell 7% after the COVID-19 pandemic, which delayed medical procedures.

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