Global Stocks Remain Mixed Along With The Mixed Sentiment.

Global stocks remain mixed for the week. The U.S top benchmark Indexes S&P-500 and Dowjones-30 were ending out with a weekly gain of about 1.36% and 1.57%, respectively. On the other hand, The Indexes Nasdaq-100 and Russel-2000 were declined by about -0.58% to -3.12%. The midcap stocks underperformed the large-cap stocks. The inflation forecast, Yield surge in the bond price and the positive weekly jobless claims are the critical factors for the mixed direction.

Most European stocks erased their earliest loss and rose on unexpected Eurozone business activity growth in March. The primary benchmark Indexes closed higher, about 0.48% to 0.88%, as a weekly gain. The French Index CAC-40 modestly decline about -0.15%. Core and peripheral eurozone government bond yields fell overall. Lockdowns extended over many European countries, and tensions over vaccine supplies persist.

The APAC benchmark Indexes remains mixed for the week. However, The Indexes ASX-200, CSI-50 and Kospi-100 closed higher for the week. The Australian Index ASX-200 outperformed. On the other side, The Indexes Nifty-50, Nikkei-225 and Hangseng closed with the red mark about -1.61% to -2.26%.  Chinese stocks recorded a rally on Friday after the country’s central bank signalled that it was not about to tighten monetary policy.

Weekly market movement

Underlying_2021-03-29-Global Stocks Remain Mixed

Gold closed lower, about -0.54%, as a weekly loss. Oil price was highly volatile last week. The cost of U.S. crude oil tumbled nearly 8% on Thursday on new data showing abundant global oil supplies and concerns that oil demand in Europe could falter amid a bumpy rollout for COVID-19 vaccinations there. However, it has recovered lately and ended above $61 per barrel. Bitcoin is range bounding between $60,000 and $ 50000. (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 is mixed on mixed signals on health care and the economic front. The U.S top benchmark Indexes S&P-500 and Nasdaq-100 Indexes show a strong downtrend in sentiment direction for the week. In contrasts, The U.S industrial Index Dowjones -30 show a positive sentiment trend. Russel Index is in neutral view for the week.

The major European benchmark indexes remain mixed in the second week’s sentiment direction in a row. The Italian Index FTSE-MIB show a strong uptrend in sentiment direction. On the other hand, The Indexes DAX-30 and CAC-40 turned into a strong downtrend in sentiment.  

Most APAC benchmark indexes turn neutral view for the week. The Korean Index Kospi-100 show the dominant bullish sentiment. On the other hand, the Australian Index ASX-200 turned to a solid bearish mode in sentiment trend.

Sentiment Trend Chart

Sentiment Chart_2021-03-29-Global Stocks Remain Mixed

The following critical economic data refer to https://www.fxstreet.com/economic-calendar, including Consumer Confidence, the unemployment rate, and the PMI Manufacturing index.

Sentiment Values

Sentiment Table_2021-03-29-Global Stocks Remain 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.

Buy_Sell_2021-03-29-Global Stocks Remain Mixed

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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