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The FTSE 100 started the week cautiously, facing resistance around 8,094 after a minor recovery from last week's low. Meanwhile, the DAX 40 is on track for a third consecutive gain, supported by a key range, while the NASDAQ 100 attempts to recover losses, remaining above its uptrend line at 20,300.
Asian markets are poised for a soft start as the Hang Seng Index hovers near a two-month low, influenced by a less-dovish Federal Reserve and mixed US economic data. Despite a slight uptick in China's retail sales, concerns linger over fiscal stimulus and trade pressures, keeping investor sentiment subdued. The upcoming loan prime rate decision is expected to maintain the status quo, prolonging the wait for more substantial economic support.
US indices, including the NASDAQ 100 and S&P 500, remain steady, while the Nikkei 225 faces ongoing pressure, drifting below 39,000 after a recent rally. The NASDAQ 100 is consolidating below its highs, and a close below 20,760 may indicate short-term weakness. The S&P 500 holds gains, with potential support at October highs of 5880.
Asian markets are poised for a slight positive open, with the Nikkei and ASX showing gains. The USD/JPY continues to rise, supported by a bounce off its 200-day moving average, while the Hang Seng Index has fallen to a six-week low amid bearish pressures and uncertainties over US trade policies. Upcoming economic data from China will be crucial in assessing the effectiveness of recent stimulus measures.
Asian shares are set to rise following US inflation data that bolstered expectations for a Federal Reserve rate cut next month. While stocks in Australia and Japanese equity futures increased, contracts for Hong Kong fell amid a decline in US-listed Chinese companies. US equities remained mostly unchanged, with the S&P 500 flat and the Nasdaq 100 down 0.2%.
The Nasdaq has retreated slightly as traders await the consumer price index (CPI) report, which could influence interest rates and equities. Meanwhile, the ASX 200 struggles with commodity concerns stemming from weak signals from China and a stronger US dollar, trading sideways between 8360 and 8380. The Australian dollar is under pressure, potentially dropping to 0.64, while gold prices have hit a two-month low due to rising US yields.
The Dow Jones index continues to rise, holding above 44,000 after gaining 2,000 points in a week, with a bullish outlook unless it falls below 43,330. Meanwhile, the NASDAQ 100 is close to record highs, needing to surpass 21,240 for further gains. In contrast, the Hang Seng index has dropped below 20,000 due to disappointment over stimulus, testing May highs and requiring a close above 20,000 for a recovery attempt.
The Swiss stock exchange SIX has acquired Aquis Exchange in London, expanding its operations to include a multilateral trading facility (MTF) across 16 European markets. The deal, valued at approximately £207 million, aims to enhance resources for Aquis while reducing operational risks. This acquisition positions SIX as a competitive pan-European exchange, particularly in the SME sector.
US stocks soared to record highs following Donald Trump's election victory and a Federal Reserve interest rate cut, with the Nasdaq 100 rising 5.41% and the S&P 500 climbing 4.66%. The market anticipates a Republican 'red sweep' to facilitate Trump's trade and tax policies, while China's modest stimulus measures aim to counteract potential tariffs. Key economic indicators, including the October CPI report, are set for release this week, with expectations of a slight rise in headline inflation.
Chinese stocks are facing pressure after a legislative meeting failed to deliver the anticipated large-scale fiscal stimulus to invigorate the economy. While Beijing announced a 10 trillion yuan ($1.4 trillion) program to assist local governments with hidden debt, it did not introduce new measures to enhance consumption. The Nasdaq Golden Dragon China Index fell 4.7% in the US, reflecting investor disappointment.
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