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Hang Seng Index rebounds as Chinese economic data boosts market sentiment

Chinese stock markets, including the Hang Seng, rebounded over 3% following better-than-expected economic data and a new PBoC program to finance corporate buybacks. The Hang Seng is attempting to recover from the 20,000-point threshold, with a target of 22,700, 25,000, and 30,000 points, contingent on positive retail sales data.
09:40 18.10.2024

Global markets diverge as Dow and Nikkei rise while Hang Seng declines

The Dow Jones index has reached new record highs, defying typical October weaknesses seen in election years. Meanwhile, the Nikkei 225 has hit a three-month high, continuing its recovery from August's downturn, while the Hang Seng index faces declines due to disappointing stimulus expectations, with potential support levels at 20,370 and 19,789.
00:04 16.10.2024

global markets decline as china stimulus expectations fade

The Dow Jones index has retreated below 42,000 as concerns over oil prices, rising yields, and a lack of new stimulus from China weigh on market sentiment. After holding near highs for two weeks, further declines could target the previous high of 41,382 and the 50-day simple moving average at 41,042. A close above 42,500 would indicate a potential resurgence of buyer control in the short term.
23:50 08.10.2024
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