Wall Street ends mixed on Apple optimism
Wall Street indices were mixed yesterday, lifted by an in-line earnings outlook from Apple, though the NAS100 index under-performed as tech stocks were pressured. UK Parliament rejected PM May’s Brexit deal and sent her back to Brussels to renegotiate. US and China begin the next round of trade negotiations.
US30USD Daily Chart
The US30 index rallied on Tuesday as steady results from Apple after a turbulent Q4 suggested stability
The index remains above the 55-day moving average at 24,227. The convergence of the 100- and 200-day moving averages at 24,954 and 24,975, respectively, act as resistance
US FOMC meets later today and is widely expected to keep rates unchanged. Investors will be monitoring the statement for comments about trimming its balance sheet.
DE30EUR Daily Chart
The Germany30 index fell for a second straight day yesterday as the UK Brexit deal weighed on sentiment
The index is trading between the 55-day moving average support at 11,038 and 100-day moving average resistance at 11,404
Euro-zone sentiment indicators for January are likely to show a further deterioration, the latest polls suggest. The economic sentiment indicator is seen sliding to 106.8 from 107.3.
WTICOUSD Daily Chart
WTI advanced yesterday as the US imposed a de facto ban on Venezuelan oil
Oil prices continue to hold above the 55-day moving average at $51.07. Prices have closed above this average for almost two weeks
Oil gained despite another increase in inventories, according to the weekly API data. In the week to January 25, stockpiles grew by 2.1 million barrels, the second weekly addition in a row.
