US indices posted minimal growth on Tuesday, with Dow Jones and S&P 500 rising only 0.1%, and Nasdaq climbing 0.2%.
Meanwhile, Asian markets closed in different directions this morning: Japan indices fell 0.1%, while China indices posted a 0.4% gain.
The oil market also grew, showing a 0.4% increase in prices. Brent traded at $ 75 ahead of the OPEC meeting and amid a strong decline in US reserves. According to latest reports, oil stocks in US fell 8.1 million over the week, which is about 2 times higher than expected. This drop indicates the continued rapid growth of the US economy.
Unsurprisingly, US also reported an increase in consumer optimism, which points to a boom in demand. Data released yesterday show that the index for June increased to 127 points.
The boom also raised home prices by a massive 14.6%, which is the largest jump recorded in 30 years. It also affected the market for new cars.
And today, ADP will publish a report on US employment, which is projected to show an increase of around 570,000.
Regarding other economies, Germany also showed a strong improvement, posting a decrease in unemployment rate from 3.8% to 3.7%.
The world's epidemiological situation is also better, thanks to the sharp decrease in new COVID-19 infections. According to the latest data, the total number of new cases is 2.5 times lower than the record last May.
Going back to the markets, S&P 500 still values 4.290 points and has a range of 4.250 - 4.320 points.
Meanwhile, the USD index rose slightly to 92.00, but still has a range of 91.70-92.30.
As for USD/CAD, it hit 1.2380 and now has a range of 1.2300-1.2470.
Conclusion: The US market will move depending on the US data that will be released today.
S&P 500 5月21日概覽: 美國市場回調。調整在望? 週二主要美股指數:道瓊 -0.3%,納斯達克 -0.4%,S&P 500 -0.4%。
S&P500 週二美國基準股指快照: 道瓊指數 -0.6%, 納斯達克指數 +1.6%, S&P 500 指數 +0.7%。 S&P 500:5,886,範圍5,400–6,200。
在週線圖上,價格突破了綠色價格通道的內嵌線阻力,達到5,908的目標水平,也就是2月3日的低點。超過此水平將打開通往價格通道上界6,322.70的道路。
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