1. Week 44 major indexes performance;
2. Week 44 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
U.S stocks rallied on Friday by a strong monthly jobs report helped stocks move solidly higher for 4th consecutive week. As expected, Fed also reduced benchmark interest rate to 1.5%-1.75% from 1.75%-2.0% this week. U.S economy remains on solid albeit slower, by strong labour market, still rising corporate earnings and low interest rate.
Among SPY sectors, health care(XLV) shares outperformed and Energy(XLE) and Real Estate(ELRE) lagged.
China/HK
Chinese stocks edged up this week as Caixin PMI unexpected rose to 51.7 in Oct, its best reading since Feb 2017 and the 4th straight month above 50 level, which offset U.S trade-related concerns. HSI also added strong 1.6% weekly gain.
Singapore
STI closed highest in two-month, had break above technical resistance 3216 which is bullish.
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