S&P 500

SP500
Delayed USA - 10/18 11:08:57 pm
2986.2USD
-0.39%

Significantly higher before the resumption of Sino-American talks

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10/09/2019 | 08:14 am
Opinion : Check out the trading range breakout 2855 / 2960 

After finishing down sharply by 1.56% to 2893 points yesterday, amid uncertainty about future Sino-American trade negotiations, the S&P500 index should follow Europe's lead and open up by 0.8%. The risk appetite is resurfacing as China would be willing to enter into a partial agreement and increase its annual purchases of American soybeans to 30 million tonnes (currently 20 million tonnes).From a statistical point of view, wholesale trade stocks will be revealed at 10am and oil stocks at 10:30am (consensus 1.8M). Jerome Powell will still speak at 5pm, before the Fed minutes at 2pm.   In hourly data, the S&P500 index shows volatility, oscillating within the trading range 2855/2960 points. Only the exit from this zone of indecision will allow us to regain a strong dynamic.

Laurent Polsinelli
Zonebourse.com 2019
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