S&P 500

Delayed Quote. Delayed  - 10/30 05:18:11 pm
3269.96PTS -1.21%

Hopes for trade boost markets

11/04/2019 | 09:11am
Opinion : Bullish above  3050
Target price :  3080
Hopes for the upcoming signing of an agreement between Pékin and Washington support the risk appetite of operators earlier this week, following encouraging statements from Chinese representatives and the possibility of a meeting in Xi Jinping and Donald Trump in the United States to sign the "phase one".

On the macro-economic level, only industrial orders, which are expected to fall by 0.5%, will be revealed at 4pm.

From a technical point of view, the S&P500 maintains a clearly positive dynamic above 3050 points, the upper limit of a gap opened on Friday. As long as this level is preserved, it can be expected that the movement will continue towards 3080/3100 points.

Laurent Polsinelli
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