MTS Futures News_PM_20180920

MTS News

MTS Futures News_PM_20180920

20 Sep 2018

• S&P500 Technical Analysis: Bulls keep going as they get ready to revisit the all-time-high

Bulls keep extending the longest run ever in US equities.

The S&P500 Index is evolving above its 50, 100 and 200-period simple moving averages which are all rising and widening while the RSI, MACD and Stochastics indicators point to higher prices.

The next objective for bulls is to retake the all-time-high and to push towards 2,938.00 and 2,950.00.

• European stocks traded mostly higher on Thursday, tracing gains on Wall Street as investors appeared less concerned about about a trade war between the U.S. and China.

The pan-European Stoxx 600 was up by 0.1 percent, with major bourses mostly positive. Sectors pointed in different directions, with banks being the best performers, up 0.8 percent and healthcare at the other end of the spectrum, off by 0.15 percent.

• Asian stocks edged higher on Thursday and European markets looked set to follow as investors bet that robust U.S. economic growth will offset the drag from the Sino-U.S. trade war for a while longer.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, while Japan’s Nikkei stock index ended flat. Shares in China and Hong Kong dipped.

• Japan’s Nikkei ended little changed on Thursday as an extended rally in financial shares were largely offset by profit taking after several days of big gains for the broader market.

The Nikkei inched up 0.01 percent to 23,674.93, just about staying in the positive for the fifth day.

• Shares in China gave up ground on Thursday after two days of gains, as investor sentiment remained fragile following the latest volley of tariffs in the Sino-U.S. trade war.

At the close, the Shanghai Composite index was down 0.1 percent at 2,729.24 points.


Reference: Reuters, CNBC, FX Street

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