The US session ended the day with more than impressive growth against the backdrop of optimism over the trade war. China has announced that it is reducing tariffs on some US goods in order to ease trade tensions. In this way, the Chinese side also aims to facilitate negotiations for a final and lasting consensus. It also highlights China's call to buy more American goods, including cereals.
DJIA recorded growth of nearly 1%, SPX ended the US session with an increase of 0.81% and NASDAQ recorded growth of 1.20%.
Our expectations are that the mood will remain during the Asian session. Technically, Asian indexes are already above their 50 averages, with the Nikkei225 being the only one with a movement above its 200 averages. The Japanese index leads the rally, and we expect technical conditions to improve with the preservation of the positive foundation. HKComp and CHNComp are still in the shadow of their deadly intersections, but as markets pull up, we expect this to turn into a golden intersection.
During the Asian session, we do not have any important and insignificant mass events on the calendar, but we will only expect China's trade balance data. Time of data release is not specified.
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