Many traders will be wondering whether the optimism that took hold of stocks last week will carry over into this one. We have an inkling of an answer in the Nikkei 225, which opened high this Monday morning, although the Hang Seng Index is currently failing to follow in its footsteps.
The Nasdaq Composite celebrated the end of last week by surging a further 1.70% on Friday, the driving force behind the move continued to be the positive market sentiment surrounding future demand in the AI sector. Unwilling to be outdone, the S&P 500 also climbed 1.23% on the day to put in a fresh all-time high at 4,839 points. The Dow Jones also gained 1.05% on Friday, pushing further into its own all-time high territory with a 37,863 close.
Currencies have remained stable ahead of a busy news week for Central Banks around the globe. The Bank of Japan kicks things off tomorrow with its official interest rate decision, followed by the Bank of Canada on Wednesday and finally the European Central Bank on Thursday. None of the announcements are expected to yield any surprises; each party has made it quite clear they will not change rates until macroeconomic conditions allow it.
Very little to discuss in commodities recently, gold continued to consolidate after testing the $2000 level last week, now hovering around $2030 an ounce. Interest seems to have died down in the oil markets as well, awaiting the next inevitable narrative to sweep in and push prices one way or another.
Risk Warning : Trading derivatives and leveraged products carries a high level of risk.
OPEN ACCOUNT
