The Post-ECB Turnaround of GER30 Brings it to Critical Technical Hurdles
The German index has staged a solid recovery after the ECB’s rate pause, testing critical resistances, amidst prospects of further economic pain
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The German index has staged a solid recovery after the ECB’s rate pause, testing critical resistances, amidst prospects of further economic pain
The index could not take advantage of Disney’s post-earnings surge and dropped on Thursday as Fed Chair Powell appeared more hawkish in his latest remarks
The NAS100 is showing signs of leadership. If it sustains, this will bode well for the risk side of the market, in general.
HKG33 extends this week’s slide after today’s data showed an escalation in China’s deflationary pressures, on both the consumer and the producer sides
A week into November and the SPX500 is already up over 4% for the month. The index is currently near 4,360 but a close above 4,400 (green horizontal line) will be regarded as a bullish development.
The tech heavy index posted its best week in twenty months, boosted by the Fed’s dovish hold and the cool jobs report, overlooking Apple’s revenue slip
The UK index extended it gains on Thursday as the Bank of England held rates for second straight meeting, but eases today after hitting key technical levels
The tech heavy index rallied on Wednesday after the Fed kept rates unchanged and was more dovish than previously, but now awaits Apple’s earnings and the jobs report
HKG33 registered another losing month, dropping today after Chinese factory activity slipped back to contraction territory
The index closed last week in correction territory, as the quarterly results by tech giants were not enough to outweigh elevated yields, Fed risks and Middle East jitters, but rebounds today ahead of the Fed
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