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• The S&P500 bull trend is intact as the Index is very close to its all-time-high.
The 50, 100 and 200-day simple moving averages are rising and widening which is is bullish. The RSI and the Stochastics indicators are bullishly configured and are pointing to more gains ahead.
Targets to the upside are the all-time-high at 2,917.00 and then we are in unchartered territories.
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• European stocks opened higher Friday morning, after an unexpectedly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite.
The pan-European Stoxx 600 was up around 0.25 percent shortly after the opening bell, with almost all sectors and major bourses in positive territory.
• Japan’s Nikkei share average rallied to its highest in more than seven-months on Friday as sentiment improved on signs China and the United States make progress towards resolving their trade disputes.
The Nikkei ended 1.2 percent higher to 23,094.67, the highest closing point since early February.
• China’s blue-chip index closed higher on Friday, following its peers in the region, on prospects of a new round of trade talks between China and the U.S., but mixed economic data weighed on the Shanghai Composite index.
The Shanghai Composite index ended down 0.2 percent at 2,681.64 points. The index is down 0.8 percent for the week, its third consecutive weekly fall.
Reference: Reuters, CNBC
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