S&P 500

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

New hopes for trade

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09/24/2019 | 07:44 am
Opinion : Check out the trading range breakout 2985 / 3028 
After finishing stable at 2991 points yesterday, supported by better than expected PMI indices in the United States (manufacturing index at 51 versus 50.3 expected), the S&P500 index should open up by 0.5% today, thanks to renewed trade front expectations. The American secretary of the Treasury, Steven Mnuchin, announced that negotiations would resume in 15 days and that the visit to farms by the Chinese delegation, cancelled this weekend, would be rescheduled. At the macroeconomic level, the IFO index emerged at 94.6 in Germany (consensus 94.5).   Operators will be informed of the Case Shiller index of house prices at 3pm and then the Conference Board index (consensus 134.1) and the Richmond Manufacturing index at 4pm. Graphically, no change, the horizontal consolidation continues and it will be necessary to wait for the exit of the 2985/3028 points to resume with an asserted dynamic.
Laurent Polsinelli
Zonebourse.com 2019
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