Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: DJIA is set up to rally PE
DJIA at 24739.53 broke the range of 24000-23500, turning to the Northside, this could be a strong break and DIA could move to 25500 in the next 3 sessions. A sharp rally is on the cards medium term.
US major market indexed ran to a 7-week high Thursday, as traders reprice lower the hawkish expectation from the Fed due to the CPI slowing.
DJIA +196.99 at 24739.53, NAS Comp+65.07 at 7404.98, S&P 500 +25.28 at 2723.07 Volume: Trade on the NYSE came in at 788-M/shares exchanged
Risk continues to trade symmetrical with US interest rates, so Asia shares should open slightly higher on the back the Wall Street gains.
The market focused on the CPI data Thursday, which could have been a critical signpost for Fed policy if it came in above expectations.
With Wall Street breathing a sigh of relief , investor were bargain hunting, as the benchmark 10-Year US Treasury fell to 2.97% at the close.
US Treasuries finished higher
Yield Check: 2-yr +1 bpt at 2.54% 5-yr-1 bpt to 2.83% 10-yr -3 bpts to 2.97% 30-yr -4 bpts to 3.12%
Have a terrific weekend