Daily Digest: Thursday 24th October
Europe
Similarly to their Japanese counterparts, traders in the UK managed to reverse their fortunes on Thursday as London listed equities edged higher. The FTSE 100 (FTSE) rose 10.74 points (0.13%) to 8,269.38. On the continent, the Pan European STOXX 600 (STOXX) also saw a shift in momentum rising 0.14 points (0.027%) to 518.98. though the 520 level continues to present sustained resistance.
USA
US equities returned to a state of relative uncertainty on Thursday, with the S&P 500 and Nasdaq moving higher while the Dow was pushed lower. The S&P 500 ($SPX) rose 12.44 points (0.21%) to 5,809.86, erasing around 23% of Wednesday’s losses. Meanwhile, the Nasdaq 100 ($NDX) rose 165.92 points (0.83%) to 20,232.87 erasing 52% of it’s previous session losses. On the other hand, the Dow ($INDU), tracking a basket of 30 of the largest cap US firms, ended its winning streak, falling 140.59 points (0.33%) to 42,374.36.
Rest of the World
Traders in Japan have finally bucked the weeks downtrend as the nation’s benchmark index, the Nikkei 225 (¥N225) rose 38.43 points (0.10%) to 38,143.29. in contrast, Chinese equities cooled after a build up of positive momentum through the start of this week. The Shanghai Composite (¥SSE) fell 22.54 points (0.68%) to 3,280.26, as traders met sustained resistance around the 3,315 level.
What to Watch Tomorrow
Tokyo Area Core CPI
Sources:
https://uk.finance.yahoo.com/world-indices/
https://uk.finance.yahoo.com/commodities
https://www.londonstockexchange.com/indices/ftse-100
https://www.binance.com/en-GB/price/bitcoin
https://www.binance.com/en-GB/price/ethereum
https://qontigo.com/index/sxxp/
Stock Market Activity Today & Latest Stock Market Trends | Nasdaq
https://coinmarketcap.com/charts/#market-cap
https://www.forexfactory.com
Definitions:
YoY - Year on Year, or, Year over Year
MoM - Month on Month, or, Month over Month
QoQ - Quarter on Quarter, or, Quarter over Quarter
ECB - European Central Bank
BOJ - Bank of Japan
Fed - Federal Reserve
BOE - Bank of England
SNB - Swiss National Bank
DOJ - Department of Justice