Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing new. PE
Nikkei at 19312.25, -0.38% is trading lower in here. There is the chance of moving South to 19100-19000 levels in the next few sessions. Near term looks Bearish to me, while the US-Japan 10YR differential (2.05%) is headed lower towards 1.9.
Shanghai at 3366.17, -0.54% could be trading within 3385-3350 for a few sessions in here, continuing to consolidate sideways.
Nifty at 9952.20, +0.40% could be trading within 9850-10050 near term. Unless I see a clear break below 9800-9750, I will remain Bullish medium term.