Wall Street boosted by Amazon, WHO declaration
US indices recouped early losses to close higher yesterday following strong results from Amazon. News that the WHO had declared the coronavirus a global health emergency but stopped short of recommending travel bans, also helped sentiment. China reports January PMI data while Britain leaves the EU today.
US30USD Daily Chart
The US30 finished strongly yesterday after upbeat earnings reports from Amazon lifted other indices
The 55-day moving average support at 28,439 remains intact and has supported prices since October 10
Personal income and spending probably both rose 0.3% m/m in December, according to the latest survey of economists. The Chicago PMI for January is expected to rise to 48.8 from 48.2.
DE30EUR Daily Chart
The Germany30 index closed in the red yesterday, echoing the weak sentiment seen in Asia
The index closed below the 55-day moving average for the second time this week. The 100-day moving average is below at 12,951
The Euro-zone economy probably expanded 0.2% q/q in the fourth quarter. That’s the same pace as Q3.
HK33HKD Daily Chart
The HongKong33 index tumbled for a second day yesterday, bringing total losses for the two days since returning from the Lunar New Year holidays to 5.4%
The index looks on track to test the December low of 25,899, which was the lowest level since October 10
The death toll from the coronavirus in China has risen to 213 with confirmed cases at 9,692. Numerous Chinese provinces have delayed the return to work after the Lunar New Year holidays for another week.
