More info adout social trade
Daily Markets Broadcast
Wall Street drops on trade, recession fears
US indices fell for a second consecutive day yesterday, constantly pressured by the threat of prolonged US-China trade talks and the implications for global growth. Singapore’s second quarter growth was revised slightly higher but missed forecasts.
US30USD Daily Chart
The US30 index fell the most in five days yesterday amid heightened recession concerns
The index remains trapped between the 55-day moving average at 26,469 and the 200-day moving average at 25,579
US consumer prices probably rose 0.3% m/m in July, the latest survey of analysts shows. That’s an acceleration from June’s 0.1% print. An above-forecast reading would question the Fed’s expected easing cycle.
DE30EUR Daily Chart
The Germany30 index fell for a second straight day yesterday, pressured by Wall Street’s direction and the cloud of an uncertain Brexit
The index is flirting with the 200-day moving average at 11,658
German CPI is seen unchanged at +0.5% m/m and +1.7% y/y in July, the latest poll of economists shows.
SG30SGD Daily Chart
The Singapore30 index fell for a second straight day yesterday and could fall further this morning following the worse-than-expected revision to second quarter growth
The index could test last week’s low, which in turn was the lowest since June 11
The Singapore economy contracted 3.3% q/q in the second quarter, the latest revision to growth data indicated. That’s an improvement from the first estimate of -3.4% but much worse than the -2.9% that had been expected.
Read about: BUY BITCOIN THROUGH SBERBANK