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The reprisals between US and Chinese trade tariffs negatively affect the performance of US indices

2018-08-09 04:50 pm | Resource: NEWS | No Views : 104



Increased reprisals between US and Chinese trade tariffs raise investor fears. He also closely monitors the decline in oil prices.
The geopolitical developments, especially the possible new sanctions on Russia, could provoke market reactions.

With Dow Jones futures up 4.00 points, S & P 500 futures adding 2.00 points and Nasdaq 100 futures up 1.75 points.

US stocks ended mixed on Wednesday. The Nasdaq rose 4.66 points, or 0.1 percent, to 7,888.33. The Dow Jones was down 45.16 points, or 0.2 percent, to 25.583.75. The S & P 500 dropped 0.75 points, or 10 percent, to 2857.70.

Chicago Fed Chairman Charles Evans will speak about current economic conditions and monetary policy in a closed-door interview until 1:00 pm EST in Chicago at 9:30 am ET.

The Fed's balance sheet will be published this week at 4:30 pm EST. The previous week, the level was at 4.256 trillion.

The money supply will also be disclosed for the week at 4:30 pm ET. The weekly change was M2 7.5 billion.

Viacom Inc reported its third-quarter profit, which fell 23.6% from last year, reflecting a profit from the sale of an investment in EPIX in the previous quarter. The adjusted earnings per share exceeded analysts' forecasts, while quarterly earnings lost their estimates.

Net profit attributable to the company in the third quarter fell 23.6 percent to $ 522 million from $ 683 million a year earlier, with earnings per share falling to $ 1.29 from $ 1.70 last year.

Operating income grew 1% to $ 752 million, driven mainly by restructuring fees in the previous quarter and improved Filmed Entertainment operational results. Adjusted operating income fell 5% to $ 767 million in the quarter.

Japanese stocks fell. The benchmark Nikkei <was down 45.92 points, or 0.20 percent, at 22,598.39, while the broader TOPIX index  was down 0.26 percent at 1,740.16.

Australian shares rose significantly, with the S & P / ASX 200 and All Ordinaries rising almost half a percent to close at 6,297.70 and 6,383.60 respectively.


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NASDAQ Technical Analysis 10 December 2018

Time frame Used - four hours The NASDAQ 100 is moving in a bearish direction in the near term. The bears managed to control the movement of the NASDAQ 100 index to retreat to the 6590 level as it faced resistance and selling pressure around the important resistance level of  7100 which pushed it back down again. In view of the technical indicators Both the RSI and Stochastic are indicating…

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