State of the market: optimism returns to the market - Ester Holdings

State of the market: optimism returns to the market

Trading in the Asia-Pacific session opened with a noticeable increase in stock indices in the region after a restrained correction of stock indices at the start of the week. The reason for the growth of optimism in the stock markets is the high probability of accepting a trade deal between the US and China, which, in turn, reduces the risks for the global economy significantly. With the normalization of trade relations, a reduction of tension in the geopolitical plane is also expected, which will positively affect the technology sector, which has recently remained under pressure due to scandals.

The optimism of the Asia-Pacific session will probably be transferred to the stock markets of Europe, which will increase the demand for commodity assets and increase pressure on the American dollar. The US dollar index has been trading with little pressure since the start of the day, remaining in the trading range of Tuesday. Resetting yesterday’s low at 95.70 will indicate with a high probability a further decline in the index and a test of support for 95.50.


Read also: “China is the main locomotove of the world economy”

Hanzenko Anton

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