S&P 500

SP500
Real-time Estimate Quote. Real-time Estimate  - 10/19 06:05:35 pm
3470.62PTS -0.38%

New hopes for trade

09/24/2019 | 07:44am
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 State for the Treasury, Steven Mnuchin, announced that negotiations would resume in 15 days and that the visit of farms by the Chinese delegation, cancelled this weekend, would be rescheduled. 

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 15h and then the Conference Board index (consensus 134.1) and the Richmond manufacturing index at 16h.

Graphically, no change, horizontal consolidation continues and it will be necessary to wait for the 2985/3028 points to resume a strong dynamic
Laurent Polsinelli
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