Premarket: Nasdaq, Dow Jones, S&P 500 Point to New Record Highs

Published by
Written By: Nikolas Papas
Share
    Summary:
  • S&P 500 futures point to a positive start and to a new all-time high adding 0.22% at 3,232 on improved sentiment after the U.S. President Trump

S&P 500 futures point to a positive start and to a new all-time high adding 0.22% at 3,232 on improved sentiment after the U.S. President Trump said that USA and China would very shortly sign the Phase One trade deal. Investors focus now is on the data coming out later, the durable goods orders for November and the new home sales for November.

The Dow Jones futures are 0.19% higher at 28,538, the Nasdaq futures trading 0.31% at 8,737. Positive economic reports last week on housing starts, building permits, industrial production and factory usage, boosted the equities to new highs

European Indices Mixed in Thin Trading

European indices started the week mixed, the FTSE 100 in London is 0.46% higher at 7,618 as the pound trades 0.39% lower at 1.2943. The CAC 40 is 0.07% higher at 6,026 while the DAX index is 0.11% lower at 13,304.

Stocks in Asia also finished mixed, the Nikkei ended 0.02 higher at 23,821. The Hang Seng in Hong Kong finished 0.13% higher at 27,906. The Singapore Straits Times Index finished 0.05% higher at 3,214.

Read our Best Trading Ideas for 2020.

Bitcoin Breaks Above $7,500

Bitcoin rallied yesterday and continues today adding 0.49% at $7,546 as the bulls gain momentum. Ethereum also trades 0.41% higher at 132.82. Litecoin (LTCUSD) trades 0.76% higher at $42.25 mirroring bitcoin and ethereum.

In fx markets the US Dollar index is adding 0.09% at 97.77. The euro against the dollar  trades 0.02% higher at 1.1075, while the Australian dollar trades 0.27% higher at 0.6916 against the US dollar. The NZDUSD trades 0.22% higher at 0.6617.

In commodities, gold prices trade 0.30% higher at $1,482  while the Crude oil prices are 0.03% higher at $60.46 per barrel.

Written By: Nikolas Papas

Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities Skills: Technical Analysis · forex · Stocks · Crypto · Writing

Published by
Written By: Nikolas Papas