Breaking News
Get 45% Off 0
🤯 +96%, +62%, +40%: These AI-picked stocks are soaring!
See the list

Daily Markets Broadcast For Oct. 14

By MarketPulse (Andrew Robinson)CurrenciesOct 14, 2019 12:29AM ET
www.investing.com/analysis/daily-markets-broadcast-for-oct-14-200472987
Daily Markets Broadcast For Oct. 14
By MarketPulse (Andrew Robinson)   |  Oct 14, 2019 12:29AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
DE40
+2.64%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
1YMH25
-1.30%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CHINA50
-0.12%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Equities advance amid progress on trade negotiations

Reports of agreement for a “mini” trade deal between the US and China sent Wall Street higher for a third straight day on Friday. EU says Boris Johnson’s latest ideas for a Brexit deal are nowhere near complete. Singapore’s MAS reduces slightly the rate of appreciation of the SGD NEER, an effective easing. Japan, the US and Canada have public holidays today.

US30USD Daily Chart

US30USD Daily Chart
US30USD Daily Chart

  • The US30 index rose on Friday after Trump announced the Phase 1 China deal, and futures markets are implying gains for the fourth day, the longest stretch since early-September. It touched the highest since October 1
  • The index paused near the 78.6% Fibonacci retracement of the drop from September 12 to October 3 at 26,974
  • As part of the Phase 1 deal, China is to scale up purchases of US agricultural products over next two years to reach $40-50 billion per year. The planned hike in tariffs to 30% on October 15 is cancelled. The deal is expected to be signed in the next few weeks.
  • DE30EUR Daily Chart

    DE30EUR Daily Chart
    DE30EUR Daily Chart

  • The Germany30 index jumped the most in more than nine months on Friday amid euphoria over the first steps in a trade deal between the US and China
  • The index touched the highest since July 25, pushing away from the 100-day moving average at 12,133. The 200-day moving average has risen to 11,863
  • Euro-zone industrial production is expected to contract for a 10th consecutive month in August, the latest survey of economists suggests. ECB’s De Guindos is scheduled to speak.
  • CN50CNY Daily Chart

    CN50USD Daily Chart
    CN50USD Daily Chart

  • China shares rose the most in two months on Friday after the mini trade deal was announced
  • The index advanced for a fourth day, reaching the highest since September 13
  • China’s trade data for September are due today. Imports are seen falling 5.2% y/y, the fifth consecutive month of contraction, while exports probably fell 3.0% y/y. The resultant trade surplus is seen narrowing to $33.3b from $34.8b.
  • Original Post

    Daily Markets Broadcast For Oct. 14
     

    Related Articles

    Daily Markets Broadcast For Oct. 14

    Add a Comment

    Comment Guidelines

    We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

    •            Enrich the conversation, don’t trash it.

    •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

    •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

    • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
    • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
    • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
    • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
    • Only English comments will be allowed.
    • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

    Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

    Write your thoughts here
     
    Are you sure you want to delete this chart?
     
    Post
    Post also to:
     
    Replace the attached chart with a new chart ?
    1000
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
     
    Are you sure you want to delete this chart?
     
    Post
     
    Replace the attached chart with a new chart ?
    1000
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Add Chart to Comment
    Confirm Block

    Are you sure you want to block %USER_NAME%?

    By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

    %USER_NAME% was successfully added to your Block List

    Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

    Report this comment

    I feel that this comment is:

    Comment flagged

    Thank You!

    Your report has been sent to our moderators for review
    Continue with Apple
    Continue with Google
    or
    Sign up with Email