Skip to content Skip to footer

Biden boosts markets with Stimulus pledge – 14th January

The NASDAQ and Dow Jones both hit new highs on Thursday as it was reported that President-elect Joe Biden will make a pledge to jump start the U.S. economy with further stimulus.

It has been reported that the incoming President will make a televised speech addressing the economic downturn and laying out his plans to revive activity.

According to those familiar with the proposal, the stimulus package will be around $1.5 trillion and include a commitment for $1,400 stimulus checks for Americans impacted by the pandemic.

As of writing the Dow Jones and NASDAQ were both up close to 0.08% and 0.23%, respectively on the news.

U.S. Initial Jobless Claims hit 5-month high

Data released today showed that the Initial Jobless Claims in the United States rose more than expected, as the COVID-19 continues to impact the Labour market.

The number of Americans seeking unemployment benefits increased by 181,000 to a total 965,000 for the week which ended January 9th.

These figures see claims reaching their highest level since towards the end of August. Many had expected this week’s figures to come in at 795,000, however with 140,000 jobs lost last month, many Americans had been forced to seek benefits to continue to support themselves.

As a result of the rise, the benchmark S&P 500 rose 0.08%, in line with the Dow and NASDAQ.

Source: CNBC Television

FTSE 100 gains despite increasing virus deaths

The new strain of COVID-19 has seen not only infections rise, but also deaths hitting new highs in the United Kingdom.

It was reported that close to 1,564 people died yesterday, which is the highest the death toll has hit since the beginning of the pandemic almost a year ago.

As a result, Boris Johnson continues to remain apprehensive about easing lockdown restrictions, with the entire country being told to stay at home.

Despite this news, London’s FTSE 100 still managed to rally after several days of selloffs ending the day up 0.84% at 6,801.96.

Quote of the day – “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions.”

Jack Schwagger

To stay up to date with the markets we encourage traders to view our Trade Gate Hub for more real time insights into Crude, Gold and many other markets.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.