Global Stocks Were Mixed! U.S Sentiment change its direction.

Global stocks were mixed movement last week. The U.S top benchmark Indexes closed lower about -0.46% to -2.75% on virus mutations, vaccine effectiveness, the spike in inflation and long-term rates. The Index Russel-2000 underperformed. Despite the upgraded inflation forecast, FED decided to keep the interest rate near zero for the next two years.

The European market shares were mixed despite the central banks maintained their dovish policy stance to support an economic recovery. The Indexed Dax-30 and FTSE-MIB closed higher, about 0.36% to 0.86%, as a weekly gain. On the other hand, the London Index FTSE-100 and French Index CAC-40 were declined by about -0.8%. The resurgence in daily Covid-19 cases in some countries are critical concerns for the market.

The APAC benchmark Indexes closed lower, about -0.49% to -1.91%, as a weekly loss. However, The Indexes HIS-50 and Nikkei 225 completed above about 0.25% TO0.8%. The performance of Japan’s stock markets mixed over the week. The Japanese government formally decided Thursday to end the COVID-19 state of emergency in the Tokyo region on Sunday as planned as infections have declined from their peak and the strain on hospitals has eased.

Weekly market movement

Underlying_2021-03-22-Global Stocks Were Mixed

Gold closed higher, about 1.27%, as a weekly gain. Oil price declined about -6.39% for the week following an estimate by the International Energy Agency (IEA) that no supercycle for oil is around the corner amid plentiful supply and an extensive global spare capacity. The Sentiment for Oil turns negative for the week.

 Bitcoin price is losing bullish momentum. Bitcoin failed attempt to clear the $60,000 resistance. The trend has been down over the last week (-6.6%). (https://coinmarketcap.com/currencies/bitcoin/news/)

Sentiment Analysis

The below figures shows the news and social media sentiment trend for the week. The U.S Sentiment trend turns into the bearish mode. The Industrial Indexes Dow-30 and Russel-2000 show a strong downtrend in sentiment direction for the week. The Nasdaq Index lost its up momentum.

The major European benchmark Indexes remains in a  mixed view in the sentiment direction. The French Index CAC-40 show a strong uptrend in sentiment direction. On the other hand, The Index FTSE-MIB offer a bearish view of the sentiment trend. The rest remains neutral.

Most APAC benchmark indexes turn negative in their sentiment direction for the week. However, The Australian Index ASX-200 showing a modest uptrend for the week.

Sentiment Trend Chart

Sentiment Chart_2021-03-22-Global Stocks Were Mixed

The following critical economic data refer to https://www.fxstreet.com/economic-calendar, including the Final GDP growth figure, the PMI composite, and the PCE deflator.

Sentiment Values

Sentiment Table_2021-03-22-Global Stocks Were Mixed

Note: The sentiment scores applied as an additional overlay to your existing models to further improve performance.

Buy & Sell Signals

The below table shows the buy/sell signals generated based on InfoTrie’s proprietary Investment/ Trading models. These models developed using technical, fundamental, quantitative techniques and the news-based sentiment score as an additional overlay.

I have tabulated the random signals from several InfoTrie’s Trading/Investment models.

The news sentiment score provides a significant improvement, significant “Alpha” compared to the traditional investment/trading models.

 For more details on the analysis, accessing complete tear sheets or white paper for the models, subscription details for News Sentiment data and other consulting works, please contact us with the information below.

InfoTrie Financial Solutions Pte. Ltd.
Alternative Data, Sentiment Analysis, Financial I.T. and A.I. Consulting

Read our previous blog posts. Want to access our data? Try our API or access our FinSentS platform

contact@infotrie.com
Suresh Kumar Ramani +65 9337 6035
Frederic GEORJON +33 (0)6 1304 0600


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