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business

breaking news No clear signal yet for equities


The focus on slowing US inflation unnerved equity markets early in the month after a slow start to November. There was plenty of optimism afterwards, but gains have been harder to come by in the past two weeks amid a mix of headlines with a hawkish Fed also still in contention. The DAX sees gains stagnate around its 100-week moving average while the S&P 500 fails to find much direction, stuck between its 100- and 200-day moving averages:

The chart above is still one that I would attribute to any strengthening of sentiment in the equities arena. As such, there is no clear signal at this time. Month-end flows so far this week have also made it difficult to read any movement, but technical data continues to point to relative indecision, at least for now.

The next two weeks of December are going to be massive, but with many key risk events ahead of the December 14 FOMC meeting. Friday’s US jobs report this week will kick things off and I think we won’t have much to work on in the next few sessions until then.


cnbctv18-forexlive-benzinga

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