UK100 Constructive as Bank of England Stands Pat
The BoE kept rates unchanged ahead of the July 4 elections, but remains on track to pivot, supporting the index
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The BoE kept rates unchanged ahead of the July 4 elections, but remains on track to pivot, supporting the index
The tech heavy index rose to new all-time highs as AI optimism was reinvigorated by Apple’s announcements and CPI inflation cooled, looking past the Fed’s one-cut projections
HKG33 extends its losses and tests pivotal technical levels after today’s data showed that China deflationary risks have not gone away, amidst broader uneven recovery
The ECB slashed rates for the first time in nearly five years, but adopted a cautious stance around future moves, creating some pressure for the German index
The tech-heavy index reached new all-time highs, helped by Nvidia’s rise after the announcement of new Artificial Intelligence chips
The Japanese index tries to stop the pullback from its record peak, but the BoJ pivot from the ultra-loose setting could fuel further weakness
The index pulls back from its recent record highs and tests key technical levels, amidst uncertainty around the central bank’s rate path and July’s general election
HKG33 posted its first losing week in more than a month, weighed by geopolitical jitters, while Xiaomi’s strong results did not help either
The SPX500 has traded to new all-time highs over the last week. Technically, the green 5-week EMA is bullishly above the orange 10-week EMA. The RSI is on the positive side of 50 but is not in overbought territory.
The tech heavy index sets new highs this week, as markets gear up for Wednesday quarterly results of Nvidia, the enabler and main beneficiary of the AI boom
HKG33 extended its gains helped by Beijing measures to prop the critical real estate market and mostly strong results by Alibaba, JD and Baidu
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