Day: September 21, 2021

Stocks Rebound As Traders Rush To Buy The Dip

S&P 500 futures are moving higher in premarket trading as traders look ready to buy stocks after yesterday’s sell-off. Yesterday, markets were worried about a potential default of China’s developer Evergrande. These fears have almost evaporated today as many analysts stated that the risk of financial contagion was low while traders focused on the opportunity …

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Dollar retreats as Evergrande scare eases, cryptos remain depressed, Fed tensions rise

Some calm has returned to markets early on Tuesday after Monday’s massive Evergrande-related selloff. The dollar is off the highs across the board. Uncertainty about Chinese policy prevails and is joined by tensions ahead of Wednesday’s Fed decision. Canadian PM Trudeau has been reelected and cryptos remain depressed. Evergrande issue: China’s second-largest real-estate company remains …

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