empty
12.07.2021 11:50 AM
Overview of the US market (07/12/2021)

This image is no longer relevant

US stocks grew very strongly last week, so major indices closed relatively higher on Friday. Dow Jones was up 1.3%, while S&P 500 and NASDAQ climbed 1.1% and 1%, respectively.

UK indices also rose 1.3%. And this morning, Asian markets showed a sharp rise, by as much as 2.2% in Japan indices and 1.3% in China indices.

The oil market also posted a noticeable increase, winning back half of the fall it had at the beginning of last week. Now, Brent costs $ 75 ahead of US inflation data on Tuesday.

Talking about economies, Japan reported that orders for mechanical engineering products jumped 7.8% in May, which is significantly higher than the forecast. Germany also declared that its GDP grew 10.7% in June.

And over the weekend, G20 finance ministers met, during which they approved an agreement about setting the minimum level of income tax for multinational companies at 15%. The final approval of the deal is scheduled for October.

With regards to the world's epidemiological situation, latest data say new COVID-19 cases increased over the weekend, with UK recording 31,000 new infections and US listing 6,600.

Going back to the markets, S&P 500 hit 4.369 points and ranged from 4.320 - 4.400 points. Most likely, it will move according to new economic data that will be released this week. One example is US inflation, which is forecast to remain at a very high level.

Surprisingly, the USD index fell to 92.10 points and ranged from 91.60 - 92.60 points. This suggests that dollar is not ready to soar yet, and like the stock market, is waiting for the report on US inflation.

Accordingly, USD/CAD also declined in price, trading at 1.2470. It ranged from 1.2400-1.2550.

Conclusion: Economies of developed countries continue to recover, but the worrisome factor is inflation, primarily in the United States. Seeing a sharp jump could force central banks to tighten their monetary policies, which will cause a decrease in economic activity and deep correction in the stock and commodity markets.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mihail Makarov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

July 25 Stock Market Update: S&P 500, NASDAQ pause after rally

As of July 25, US equity indices posted a mixed performance. The S&P 500 edged up by 0.07%, while the Nasdaq 100 gained 0.17%. The Dow Jones Industrial Average slipped

Jakub Novak 11:17 2025-07-25 UTC+2

Trump strikes deal with Japan — and other key headlines shaping your portfolio

Markets are bracing for a new wave of disruption: Trump seals a tariff deal with Japan, Apple dodges multimillion-dollar fines, Amazon challenges Meta and OpenAI, and AstraZeneca builds a pharma

Аlena Ivannitskaya 13:14 2025-07-23 UTC+2

Update on US stock market on July 23: SP500 and NASDAQ recoup all earlier losses

As of yesterday's close, US stock indices ended mixed. The S&P 500 rose by 0.06%, while the Nasdaq 100 fell by 0.39%. The industrial Dow Jones gained 0.40%. The record-breaking

Jakub Novak 09:27 2025-07-23 UTC+2

Update on US stock market on July 22. SP500 and NASDAQ sharply down

US stock indices closed mixed yesterday. The S&P 500 rose by 0.14%, and the Nasdaq 100 gained 0.38%. However, the industrial Dow Jones dipped by 0.04%. Today, Asian stocks declined

Jakub Novak 09:54 2025-07-22 UTC+2

High-profile elections in Japan and three important signals for traders

Markets are once again in a state of turbulence. The Japanese yen is fluctuating wildly following the political collapse of Prime Minister Shigeru Ishiba's coalition, which has deepened uncertainty

Аlena Ivannitskaya 12:43 2025-07-21 UTC+2

US stocks end week higher

S&P 500 Overview for July 21 The US market ended the week with gains Major US indices on Friday: Dow -0.3%, NASDAQ +0%, S&P 500 +0%, S&P 500 at 6,297

Jozef Kovach 09:30 2025-07-21 UTC+2

Update on US stock market on July 18. Investors overwhelmed by optimism. SP500 above 6,300

S&P500 Snapshot of major US stock indexes on Thursday Dow +0.5%, NASDAQ +0.7%, S&P 500 +0.5%, S&P 500 closed at 6,297, trading in a range of 5,900 to 6,400

Jozef Kovach 12:48 2025-07-18 UTC+2

Stock market on July 18: SP500 and NASDAQ continue their rally

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.54%, while the Nasdaq 100 added 0.75%. The industrial Dow Jones strengthened by 0.52%. Today

Jakub Novak 12:02 2025-07-18 UTC+2

Update on US stock market on July 17: key stock indices consolidating below their highs

S&P500 Snapshot of major US stock indices on Wednesday Dow +0.5%, NASDAQ +0.3%, S&P 500 +0.3%, S&P 500 closed at 6263, trading in a range of 5,900 to 6400

Jozef Kovach 13:03 2025-07-17 UTC+2

Stock market on July 17: SP500 and NASDAQ lifted by Powell speculation

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.32%, while the Nasdaq 100 added 0.25%. The industrial Dow Jones strengthened by 0.53%. The dollar also

Jakub Novak 12:28 2025-07-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.