Indices

China’s stock markets are weighed by renewed fears around the property market, after Country Garden’s profit warning, as recent data point to frail recovery of the world’s second largest economy

Moody's has decreased the credit ratings of numerous smaller and medium-sized banks within the United States. The agency also indicated the possibility of future downgrades for some of the country's largest financial institutions. This move comes as a cautionary measure, as Moody's expressed concerns about the potential challenges that the banking sector might face due to funding vulnerabilities and a decrease in overall profitability.

The tech heavy index comes from one of its worst weeks of the year, weighed by Apple’s disappointing results and trades with caution today, as Thursday’s CPI Inflation looms

Even though EUSTX50's primary trend is up, the intermediate trend does show signs of slowing.

The UK index dropped in the aftermath of the Bank of England further tightening, but finds support today as the rate hike was of just 25 basis points

The index sold-off on Wednesday after Fitch downgraded the US long term rating, with focus now shifting to Big Tech earnings and the jobs report

Recently the Dow Jones Industrial Average and the Dow Jones Transportation Average have both charted 52-week highs. According to Dow Theory this is a promising outlook for a wider bull market. This strategy has a strong historical track record in identifying primary trends in stocks.

Last week I wrote how the GER30 was setting up to tackle its overhead resistance once again. The 16,300-16,400 levels were hit four times since mid-November 2021 and each time price was repelled. However, this time there are signs that the bulls may overpower the key level.

The German Index hit fresh all-time highs after the European Central Bank hiked rates on Thursday, as Ms Lagarde opened the door to a pause, in a dovish press conference

Chinese stocks have surged as Beijing promised to take strong “counter-cyclical” measures to boost China's struggling economy. China's leaders promised on Monday to increase policy support and boost domestic consumption, as the post-Covid recovery was slower than anticipated.

After a losing week, NAS100 is subdued as markets brace for the Fed and earnings from tech giants Alphabet, Microsoft and Facebook-parent Meta Platforms