S&P 500

Delayed USA - 10/18 11:08:57 pm

Against the tide of Europe

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10/01/2019 | 07:53 am
Opinion : Check out the trading range breakout 2940 / 2985 
Pending several data concerning the US manufacturing activity and the intervention of various Fed members, the S&P500 index should move against the current of Europe and open up by 0.2%. The U.S. index ended up 0.5% to 2976 points yesterday, driven by technology stocks and hopes for a lull on the trade front.On the statistical side, operators will be informed at 3:45 p.m. of the Final Manufacturing PMI Index, expected at 51, then of the Manufacturing ISM at 4 p.m., anticipated at 50.4 (49.1 last month). At the same time, construction expenses will be published, which should rise by 0.5%. Graphically, no change, the S&P500 index remains in a phase of horizontal consolidation and will now have to emerge from the 2940/2985 points zone to regain a strong dynamic. A new test of the upper bound of this range at the opening should be defined.
Laurent Polsinelli
Zonebourse.com 2019
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