World Stock Markets Today: Positive Start on Trade Talk Hopes

11 October 2019 (9:00 am IST)

10 October 2019 (11:29 pm EDT)

US stock markets closed with highly positive numbers in their overnight session, after several indications that the US-China trade talks were going well.

Following that uptrend in US stock markets, today most of the major Asian stock markets are trading positive. SGX Nifty is also around 50 points up, indicating a positive opening in Indian stock markets later today.

US stock futures are still trading positive, but European stock futures are negative at this time. So, the global trend could see a mixed pattern and some volatility through this session.

For day trading, traders should focus on the intraday trend of their local stock markets, and use technical signals to spot the short term trend. Support and resistance levels will be important, as the broader trend is still range-bound for world stock markets. Day traders should watch those levels and trade with the short-term trend within major support and resistance levels.

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