Episode Details
Back to Episodes
Markets attempting a positive start to the week
Description
US markets closed lower on the day, and the week, on Friday but the S&P 500 is still only 5% off its all-time high. The US military struck Iran’s Kharg Island on Friday but as yet they have not targeted the oil infrastructure. President Trump is now calling for a coalition of countries to send ships to help escort cargo through the Strait of Hormuz, sending oil prices a little lower again. China and Hong Kong’s equities have rallied this morning as have South Korea’s, and futures point to a positive start to a central bank ‘super week’. Mensur Pocinci, Head of Technical Analysis, explains why 200-day moving averages are a key factor to watch in attempting to determine where markets might go from here, but at the same time it is important to focus on market breadth. Tune in to hear more.
- (00:00) - Introduction: Helen Freer, Product & Investment Content
- (00:42) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
- (05:28) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis
- (09:18) - Closing remarks: Helen Freer, Product & Investment Content
Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.