1. Week 38 major indexes performance;
2. Week 38 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
US three major indexes edged down a little this week. Fed cut a quarter point on its federal funds as expected, but stocks displayed little reaction. Crude oil price spiked to 15% higher but gave back some early gains, finished the week 6$ higher as Saudi Arabia said that production will back to normal by the end of the month.
SPX dropped 4.9% dropped on Friday- the most part contributed to its weekly loss came after Chinese trade negotiators canceling a visit to meet U.S farms after wrapping up their two-day trade talks in Washington on Friday. Going forward, the SPX still in uptrend and posted 1st week down after 3-wk up streak, no immediate signs of changing of trend.
Among SPX 11 major sectors, Utility(XLU) and Real Estate(XLRE) are the two top performers and Industrials(XLI) and Consumer Discretionary(XLC) are the two laggers.
China/HK
Latest data in Industrial output and retail sales for Aug showing continued slowdown in China's economy. SSE index slipped off the high since Jul, central bank's decision to keep longer loan rate on hold disappointed markets. HSI posted the most decline-3.35% in the week among the indexes in below indexes table for the week.
Singapore
STI also gave back most of its gain from previous week, ended 2-week up streak. Immediate technical support at 3140.
No comments:
Post a Comment