Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Daily Markets Broadcast: Wall Street Overcomes Virus Threat

ByMarketPulse
AuthorAndrew Robinson
Published 02/11/2020, 03:33 AM
DE40
-
1YMZ24
-
CHINA50
-

US indices soared to record highs yesterday, ignoring the rising coronavirus cases and death toll. There’s a public holiday in Japan today.

US30USD Daily Chart

US30USD Daily Chart

  • The US30 index recovered from a lower open to close higher amid hopes the containment measures for the coronavirus are having an impact.

  • The 55-day moving average has risen to at 28,587 while the 100-day moving average is at 27,911.

  • There are no major data releases scheduled for today but Fed Chairman Powell testifies in his semi-annual meeting. No doubt the drag effect of the coronavirus will be mentioned, even though the US economy appears to be firing on all cylinders.

    • DE30EUR Daily Chart

    DE30EUR Daily Chart

  • The Germany30 index looks set to advance for a second consecutive day today and is nearing the January 22 high.

  • The index remains above the 55-day moving average at 13,301 while the 100-day provides longer-term support below at 13,022.

  • There are no major data releases for both Germany and the Euro-zone today. The European Commission is due to release its economic forecasts for the region.

    • CN50USD Daily Chart

    CN50USD Daily Chart

  • The China50 index has opened marginally higher this morning, building on yesterday’s gains as the industrial sector returned to work after an extended Lunar New Year break.

  • The index is approaching the 200-day moving average at 13,592.

  • China’s new loans data for January are due any time, with expectations of a total of three trillion yuan. That’s an increase from December’s 1.14 trillion yuan.

    • Original Post

    Latest comments

    Loading next article…
    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.