Tag Archives: Equities
MARKETS TODAY: Cable tests resistance, stock market rebound
Key points After a rebound from the support level of 1.0725, the EUR/USD pair is now challenging resistance around 1.0790, where the 50-day and 200-day Simple Moving Averages (SMAs) meet. SEE: The Cable tests resistance on the VT Markets trading app. This could extend to trendline resistance at 1.0810 and approach a significant Fibonacci levelContinue Reading
Australian shares rally before US jobs report release
3rd May 2024 — Australian shares exhibited an observable increase, with the S&P/ASX 200 Index climbing by 42.00 points or 0.6%, to settle at 7,629.00. This rise came as investors positioned themselves ahead of the release of the US jobs report, anticipated to show a decrease in job additions from March to April. SEE: ASXContinue Reading
Chinese Stocks See Mixed Results Before Labor Day
4 April 2024 – Mainland China’s stock indices experienced slight declines today, with investors adopting a cautious stance in anticipation of the long Labor Day holiday and critical upcoming events. The Shanghai Composite index saw a marginal drop of 0.12% to 3,109.26 points by the midday break, while the blue-chip CSI300 index was down byContinue Reading
Japan’s Nikkei Tracks Wall Street’s Positive Movement
Japan’s Nikkei 225 index experienced a rise of 1.24%, closing at 38,405.66, driven by an upbeat performance in U.S. markets and investor optimism. SEE: Nikkei sees modest rise on the VT Markets VT Markets app. Despite this daily gain, the Nikkei recorded a 4.99% drop in April, marking its first monthly decline of the year andContinue Reading
Australian Shares Rise with an Eye on Upcoming Federal Reserve Meeting
Australian shares climbed on Monday, driven by gains in financial and healthcare sectors. The S&P/ASX 200 index saw an uplift of 0.8%, marking its best performance since April 22, closing at 7,637.4 points. SEE: ASX sees upswing, closing at 7651.75 on VT Markets trading app. This rise mirrored the positive trends on Wall Street as investorsContinue Reading
FTSE 100 Hits Record High on Anglo American Buyout
Britain’s FTSE 100 stock index saw notable activity with miner Anglo American (AAL) surging 12.5% to a nine-month high following a buyout offer from BHP Group. SEE: FTSE 100 sees upswing today on the VT Markets trading app BHP proposed acquiring Anglo American in a deal valued at 31.1 billion pounds ($38.91 billion), aiming to establishContinue Reading
S&P 500 Rises Despite Mixed Earnings, Higher Bond Yields
In a session marked by volatile trading, the S&P 500 climbed, ending the day up 1.08 points or 0.02%, closing at 5,071.63. This gain came as the market processed a series of mixed signals—from an uptick in bond yields following a substantial auction of U.S. Treasury notes to varied corporate earnings reports across key sectors.Continue Reading