Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Daily Markets Broadcast: Stocks Pressured As Wuhan Virus Spreads

Published 01/22/2020, 04:51 AM
Updated 03/05/2019, 07:15 AM

US indices came under pressure yesterday after the first case of the corona virus in the US was reported. News of delays to the un-grounding of Boeing’s 737MAX jet hurt the US30 index. The Bank of Canada is expected to leave rates unchanged at its rate meeting later today.

US30USD Daily Chart

US30USD Daily Chart

  • The US30 index snapped a six-day winning streak yesterday amid combined pressures of the spreading corona virus and a weak Boeing (NYSE:BA) performance
  • The 55-day moving average, which has supported prices since October 10, has moved up to 28,282
  • US existing home sales probably rose 1.2% m/m in December, according to the latest survey of economists, almost recouping all of November’s 1.7% decline.
  • DE30EUR Daily Chart

    DE30EUR Daily Chart

  • The Germany30 index retreated from two-year highs yesterday as Trump said on the sidelines of the Davos forum that he was fully prepared to slap tariffs on EU car exports.
  • The index is above the 55-day moving average at 13,255, which has supported prices on a closing basis since October 8.
  • The German ZEW economic sentiment survey for January jumped to 26.7, much higher than the 15.0 anticipated and the highest reading since 2015.
  • UK100GBP Daily Chart

    UK100GBP Daily Chart

  • The UK100 index touched the lowest in two weeks yesterday, echoing sentiments elsewhere. The index rebounded slightly into the close after UK data out-performed.
  • The 55-day moving average has moved up to 7,445 and has supported prices since December 13.
  • UK average earnings (including bonus) jumped 3.2% In November from a year earlier, more than the 3.1% economists had expected and the same pace as in October.
  • Original Post

    Latest comments

    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.