DOW JONES, NIKKEI 225, ASX 200 INDEX VIEWS:
- Dow Jones, S&P 500 and Nasdaq 100 indexes closed +0.46%+ 0.10% and -0.53% respectively
- S&P 500 Reaches All-Time High After Senate Adopts President Joe Biden’s $ 1.2 Trillion Infrastructure Plan
- The US headline and key CPI figures are in focus today
Nasdaq 100, infrastructure stimulation, US inflation, Asia-Pacific open:
Wall Street equities were mixed on Tuesday, with the materials (+ 2.10%) and energy (+ 1.83%) sectors outperforming, while the information technology (-0.86%) sector lagged. The US Senate received a large mass An $ 1.2 trillion infrastructure plan, paving the way for a major victory for the Biden administration when it receives final approval in the House of Commons.
The incentive bill includes a A $ 550 billion fund transport infrastructure, high-speed internet and the fight against climate change. A successful outcome can provide a long-term boost to construction, raw materials and the energy sector, although it can also lead to higher inflation as demand for raw materials increases. Against this background, the S&P 500 index rose to a recent high.
The Nasdaq Index 100 back NVIDIA, PayPal and Microsoft. Investors are looking at today’s issue US title and core inflation data on indications of price increases and their consequences for Federation policy. The base level is expected to fall slightly in July, to 4.3% in July, compared with 4.5% in June, the highest level since 1992. Larger-than-expected printouts of data can increase fear and reduce fear shares lower, while weaker results may do the opposite.
The 10 best performances of the Nasdaq 100 ingredient 08.08.2021
Source: Bloomberg, DailyFX
Asia-Pacific markets is placed a mixed start the day. Futures in Japan, Mainland China, Australia, Malaysia and India are green, while Hong Kong, South Korea, Taiwan, Singapore and Thailand are there Red.
Japan’s Nikkei 225 index it seems to be rising even higher after Tuesday’s rise of 0.24%. Investors were very pleased company income, but the benefits were limited by persistent pandemic problems Delta variant Covid-19 continued to spread worldwide. Japan reported 12,912 new infections on Monday.
Nasdaq 100 Index Technical Analysis
The Nasdaq 100 index exceeded the level of significant psychological resistance at 15,000 and has since opened the door to further upside potential. The next resistance level can be found at 15,300 – 127.2% Fibonacci extension. Withdrawal may lead to immediate support testing of the 20-day SMA line. However, the coarse MACD indicator suggests that the rate of increase may disappear.
Nasdaq 100 Index – Everyday Diagram
Nikkei 225 Index Technical Analysis:
The Nikkei 225 index will remain in the declining channel formed since February. The floor and ceiling of the duct can be considered as direct support and resistance levels, respectively. The general trend is still bear-biased, as suggested by the downward-sloping SMA lines. MACD indicator formed a bullish crossover below the neutral midpoint, suggesting that selling pressure may fade.
Nikkei 225 Index – daily schedule
ASX 200 Technical analysis of the index:
The ASX 200 index has exceeded the key resistance level at 7500 – a 200% Fibonacci extension. The overall trend remains bullish-biased, as suggested by the successive highs and lows in recent months. The MACD indicator rose ascending and rose higher, indicating that the rate of increase is predominant.
Index ASX 200 – daily schedule
– Wrote DailyFX.com strategist Margaret Yang
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