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Boeing Shares Soared. What's On Tap For The Markets Today?

Published 11/11/2019, 11:54 PM

Wall Street recoups early losses

In slow, holiday-affected trading yesterday, US indices felt early pressure and it was only the US30 index that recovered to close in the black after Boeing (NYSE:BA) shares soared on 737MAX news. Hong Kong protests continue to escalate. US President Trump is scheduled to speak today.

US30USD Daily Chart

US30USD Daily Chart

  • The US30 index has edged lower in early trading after recovering from losses of as much as 0.6% early yesterday.
  • The index is hovering below record highs with the 55-day moving average rising to 26,866.
  • There are a few Fed speakers today to accompany US President Trump. Clarida, Barkin, Harper and Kashkari are all on tap throughout the US session. There are no major data releases scheduled today.
  • DE30EUR Daily Chart

    DE30EUR Daily Chart

  • The Germany30 index fell for a second day yesterday amid a broader malaise across equity markets.
  • The 55-day moving average has advanced to 12,459.
  • The German ZEW survey for November is expected to show an improvement in the economic sentiment index to -13.0 from -22.3 while the current situation index is seen rising to -22.0 from-25.3, according to the latest survey of economists.
  • WTICOUSD Daily Chart

    WTICOUSD Daily Chart

  • West Texas Intermediate (WTI) looks set to fall for a second straight day today as global growth concerns persist.
  • WTI appears to be rejecting the 200-day moving average at $57.28 for now having closed above it last Friday. The 50% retracement of the September-October drop at $57.22 also seems to be a major hurdle to the upside.
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  • Weekly stockpiles data to November 8 from the American Petroleum Institute are due tomorrow. Last week saw an increase of 4.26 million barrels.
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