World Markets Today: Stock Trading Continues to Depend on Local Cues

19 December 2017 (8:46 AM IST)

18 December 2017 (10:16 PM EST)

U.S. and European markets rallied in their previous session on U.S. stimulus hopes, which includes corporate tax cuts and now, an infrastructure reform as hinted by President Trump after the tragic Amtrak accident in Washington state.

Asia markets are also trading mostly higher as yen drops against dollar. Only the South Korea index Kospi is trading negative at this time. SGX Nifty is also trading high, indicating a positive opening in India markets today.

U.S. stock futures and started the session with slightly negative numbers, but now, these numbers are showing marginal gains along with European futures.

These patterns indicate that global stock trading community is still relying on local cues and various stocks markets today will trade as per their individual trend. Right now, all numbers are positive but the recent volatility in global markets can return anytime and change the intra day trend.

So, keep an eye on your local index and trade with the short term trend.

Good luck, enjoy the session!

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