20 October 2017
Global stocks are exhibiting a range bound, volatile and mixed trend on regional cues. So, after having a negative close yesterday, European stock futures are trading much higher in early Asia session, indicating a trend within previous session’s high and low levels.
U.S. markets recovered after a negative opening overnight and except Nasdaq, other major indexes closed positive after recovering their earlier fall. Today, U.S. stock futures are trading with big gains in starting session.
SGX Nifty is also trading with considerable gains after falling yesterday and dragging down major India indexes in their short, special trading session of Diwali festival. India markets will remain close today and will prone with global markets on Monday.
Surprisingly, Asia markets are showing a mixed and mostly subdued trend. Japan, Shanghai and South Korea are hovering near the red line, and Australia is showing only mild gains.
Expect global markets to trade mostly on their regional and technical cues. U.S. markets are still in an uptrend but other markets are not blindly following that trend, which usually happens.
So, watch the local intra day trend in your markets and trade accordingly.
Good luck, enjoy the session!