· The S&P 500 of course has rallied into the session on Thursday, but I see a lot of resistance at the 2800 level. That being said, if we can break above the 2800 level, the market is free to go much higher. Otherwise, I would anticipate a pullback again closer to that level, as I see a high probability of volume picking up in that area to the downside. If we do break above 2800 level, then the market is probably going to go looking towards2825, and then eventually the 2850 level after that.
· European stocks opened higher Friday morning, tracking overnight gains on Wall Street amid elevated expectations of strong U.S. earnings.
The pan-European Stoxx 600 was up around 0.3 percent shortly after the opening bell, with all sectors and major bourses in positive territory.
· Most Asian share markets rose on Friday, heartened by gains on Wall Street fueled by expectations of strong U.S. earnings, but China’s markets wobbled as investors braced for the impact of broadening, tit-for-tat Chinese-U.S tariffs.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.6 percent, adding to a 0.6 percent rise on Thursday, after U.S. stocks ended the day higher.
· Japan’s Nikkei surged to three-week highs on Friday, helped by a weaker yen and gains from index-heavy stock Fast Retailing after it jumped on the back of strong third-quarter results.
The Nikkei share average soared 1.9 percent to end at 22,597.35, its strongest close since June 21. The benchmark index gained 3.7 percent for the week to snap a three-week losing streak. It was the biggest weekly gain since late March.
· China stocks ended mixed on Friday, but posted their best weekly gain in more than two years.
The blue-chip CSI300 index rose 0.4 percent to 3,492.69 points, while the Shanghai Composite Index ended down 0.2 percent to 2,831.18 points.
Reference: Reuters,CNBC
Thai
Eng