Indices

The index had a volatile Wednesday as markets digested the CPI report, ending the day lower after the Fed minutes showed that the bank’s staff expects recession this year

The GER30 daily chart is trading in its bullish channel between its upper blue and red bands. It RSI is trading above 50 (green rectangle). The longer it maintains on the bullish side of 50 the greater the probability of higher prices ahead. The hourly chart shows a strong start to today’s trade. The trend following EMAs and the momentum-based stochastic have turned up (black ellipses). If the stochastic makes…

After a strong start to the week, the index came under pressure as a series of poor jobs data sparked fresh fears of economic slowdown, with markets now turning to the upcoming NFPs

The NAS100 weekly has charted a series of higher troughs (HT) followed by higher peaks. Trendlines are instructive in terms of measuring momentum. In this regard, the trendline gradient has shifted up from green to orange. I.e., the momentum of the NAS100’s trend has accelerated. The RSI indicator is above 50 (green rectangle). The longer it maintains on the bullish side of 50, the higher the likelihood of further price…

Today’s data showed that UK GDP expanded by a lackluster 0.1% in Q4 q/q, with the Index subdued as it heads towards a profitable week, but losing month

Fears over the financial system seem to ease today, helped by the sale of failed Silicon Valley Bank, but markets also contemplate prospects of a recession and geopolitical tensions

The German index starts the week on the front foot as European officials reassured markets over the health of the financial system, while the sale of failed SCV to First Citizens Bank helps sentiment

Shares are declining to end a volatile week with further losses, as concerns over the health of banks intensified due to a decline in Deutsche Bank's stock. At the open, the Dow Jones Industrial Average dropped 0.5%, with the S&P 500 and the Nasdaq Composite falling 0.6%. Despite Friday's losses, the indexes were expected to finish the week with gains. However, investors remained wary due to the surge in the…

The US30 closed higher yesterday as a syndicate of banks threw First Republic a lifeline. Four major US banks, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, will each make a $5 billion uninsured deposit into First Republic Bank as part of a $30 billion backstop by 11 banks to support the banking industry. First Republic's stock fell by 14.7% in after-hours trading after the bank disclosed that it…

A calm has been restored to the market following the failure of SVB. The key event for today will be retail sales, out at 12:30 PM GMT. Traders will also be interested in the PPI data released at the same time. Yesterday’s CPI came in at 6% y/y, which was lower than the previous 6.4% y/y. Barring any surprises, the market expects the Fed to hike by 25 bps on…

The tech-heavy index is on the front foot today, as the failure of Silicon Valley Bank may constrain the US Fed’s tightening prospects and markets now have lowered their expectation around the policy path