Daily Markets Broadcast
2019-04-09
Wall Street mixed as upward momentum stalls
It was a mixed performance on Wall Street overnight, with the US30 index weighed down by Boeing, the SPX500 flat and the Nas100 index eking out small gains.
US30USD Daily Chart
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The US30 index slid lower for a second consecutive day yesterday as production cuts at Boeing dragged the index lower
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The 55-day moving average at 25,616 could be the next technical support point
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US factory orders fell 0.5% m/m in February, less than the -0.6% forecasts had suggested. It’s another slow data day today, with a speech from Fed’s Clarida likely the main highlight.
DE30EUR Daily Chart
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The Germany30 index fell for the first time in 11 sessions yesterday as a lack of momentum on Wall Street pressured
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The 10-day rally stalled just below the 61.8% Fibonacci retracement of the May-December decline at 12,089. The 200-day moving average at 11,703 could be the next support level
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There are no data releases for either Germany or the Euro-zone today. The main event for the week will be tomorrow’s ECB rate meeting.
JP225USD Daily Chart
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Today the Japan 225 index looks set to retreat further from the 4-month high struck yesterday amid broader weakness across equity markets
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The index is pivoting around the 200-day moving average, which is at 21,889 today
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Japan’s bank lending is expected to slow to +2.0% y/y in March following a 2.3% gain in February. Machinery orders are expected to continue their sluggish phase, with a 5.2% y/y decline in February, the second contraction in a row. Both data sets are scheduled for release early tomorrow morning.
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