Indices

The index faces difficulties on the cusp of a bull market, as markets brace for a series of earnings by tech heavyweights, including Facebook-parent Meta Platforms

The tech-heavy index is constrained after last month’s march, with this week’s earning by Netflix & Tesla not helping, as markets contemplate sticky inflation, hawkish Fed and prospects of economic slowdown

Given the size of its contribution to GDP, monitoring the health of consumption is important. By and large there are worrying signs. Total vehicle sales and underemployment are showing fragility in terms of their momentum and chain store sales are negative. The existing homes sales series has bounced somewhat but is yet to pass the threshold implying an underlying positive momentum. Consumer sentiment has turned positive but there is a…

The US index is in consolidation mode, as market digest strong Chinese data, Fed tightening prospects and a strong start to the earnings season by big banks, now turning to tech giants Netflix and Tesla

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