|Day's range||13,255.55 - 13,423.41|
|52-week range||10,279.20 - 13,423.41|
It was a big week for the global financial markets. The FED delivered for Trump, with Trump delivering a phase 1 deal and Johnson crushing the opposition.
There are no stats from the Eurozone to influence, leaving the majors in the hands of Trump who delivers, with exit polls pointing to a Tory victory.
It’s a big day ahead for the majors. While the markets respond to the FED’s outlook on growth and policy, the UK elections, the ECB and trade are in focus.
Trading slows ahead of the FOMC announcement due Wednesday afternoon. No change in policy is expected but the committee’s outlook on inflation could move the market.
It could be another testy day ahead for the bulls, with uncertainty over trade and the UK election coinciding with the FED’s final policy decision…
It could be another day in the red for the majors as sentiment towards trade turns sour. Any positive data will be overshadowed by any trade talk…
Traders are cautious on Monday with an important vote in the UK and a tariff deadline for China on the calendar.
It was a bullish end to the week, in spite of more doom and gloom from Germany. Updates on trade will continue to be the key driver today.
It’s a big week ahead, with the ECB, the FED, trade, and the UK General Election in focus. Expect the stats to play second fiddle in the week.
The U.S. market surged in early trading after a blowout labor report. Activity may have slowed but labor markets and consumer health remain strong.
Rebound continues as hope for the Phase 1 trade deal lingers. China is silent on progress but confirms talks continue.
While it’s a quieter day on the economic calendar, the stats will have an influence as hopes of a trade agreement return…
The catalyst behind the strength is a report from Bloomberg suggesting the United States and China were inching closer to a trade deal. The news is an about face from the narrative that drove Asian shares lower earlier in the day and Wall Street stocks sharply lower on Tuesday.
Chatter on trade dominated the news wires and the markets on Tuesday and will likely continue to do so. Expect data to influence, however.
Global markets are mixed following a series of sentiment damaging blows. The U.S. market is down -0.75% and extending Monday losses in early Tuesday trading.
Global markets are mixed on Monday after global trade relations took a turn for the worse.