Wednesday, 2 September 2020

S&P 500 Surges Despite Weaker ADP. Nikkei 225, Hang Seng May Rise

The S&P 500 index jumped 1.54% to a record high of 3,580, despite of a weaker-than-expected ADP job report. Japan’s Nikkei 225 index and Hong Kong’s Hang Seng Index may rise.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...