1. Week 7 major indexes performance;
2. Week 7 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.
U.S stocks extended their recent rally for the week, with DJI surged another 443 points on Friday as optimism regarding the U.S.-China talks and an agreement to avert a government shutdown provided investors with enough reasons to increase risk appetite, despite the disappointed latest December retail sales data- falling 1.2% over prior month, the biggest decline since 2009. SPX added 2.5% for the week. U.S markets will close on Monday for President's day holiday.
U.S SPY sectors Energy(XLE) was the top performer with 5.05% gain for the week, Utilities(XLU) gained the least with 0.05%, it shows more funds are flowing into risk-on and cyclical sectors.
Over in Asia, Shanghai Composite Index SSE added 2.5% this week, making the biggest gain in three months, hit a 4-month new high. Hong Kong HSI index retreated after hitting six-month new high, was the only index closed negative by profit-taking, expected to continue its rally coming Monday follow Wall Street on Friday.
Singapore STI index gained 1.2% for the week, closed at new year-high and poised to move higher coming week following U.S. markets rally on Friday, with next target level at 3350.
Major indexes weekly performance as follow.
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