Global stock markets witnessed a strong rally as investor sentiment was lifted by signs of easing tensions between U.S. President Donald Trump and the Federal Reserve, along with positive signals on U.S.-China trade negotiations. Asian and European indices advanced, while U.S. stock futures climbed on hopes of a more accommodative stance on both monetary policy and trade.
KEY HIGHLIGHTS
- Nasdaq 100 Jumps 2% After Trump Supports Fed Chairman
- S&P 500 Surges On Eased Fed, China Trade Concerns
- FTSE 100 Climbs As Tariff Uncertainty Begins To Fade
- Asian, European Markets Rally On Hopes Of Trade Progress
Market in Focus: Nasdaq 100
Nasdaq 100 advanced 2% after President Trump confirmed his support for Federal Reserve Chair Jerome Powell, easing concerns about central bank independence and improving investor sentiment.
Technical Overview
Moving Averages
- Exponential:
- MA 5: 18,486.1 | Positive Crossover | Bullish
- MA 20: 18,611.1 | Positive Crossover | Bullish
- MA 50: 19,905.6 | Negative Crossover | Bearish
- Simple:
- MA 5: 18,500.1 | Positive Crossover | Bullish
- MA 20: 18,389.5 | Positive Crossover | Bullish
- MA 50: 20,445.4 | Negative Crossover | Bearish
Indicators
- RSI (Relative Strength Index): 51.94 | Bullish Zone | Buy
- Stochastic Oscillator: 67.39 | Buy Zone | Neutral
Resistance and Support Levels
- R1: 19,182.19 | R2: 20,000.31
- S1: 18,364.25 | S2: 17,492.77
Overall Sentiment: Neutral
Market Direction: Buy
Trade Suggestion:
- Limit Sell: 18,344.96
- Take Profit: 19,841.12
- Stop Loss: 17,562.17
S&P 500
S&P 500 rose sharply following Trump’s softened approach on both Fed leadership and China tariffs, which boosted investor confidence across the board.
Technical Overview
Moving Averages
- Exponential:
- MA 5: 5,339.15 | Positive Crossover | Bullish
- MA 20: 5,290.84 | Positive Crossover | Bullish
- MA 50: 5,792.61 | Negative Crossover | Bearish
- Simple:
- MA 5: 5,336.20 | Positive Crossover | Bullish
- MA 20: 5,368.78 | Positive Crossover | Bullish
- MA 50: 5,573.91 | Negative Crossover | Bearish
Indicators
- RSI: 51.73 | Bullish Zone | Buy
- Stochastic Oscillator: 73.94 | Buy Zone | Neutral
Resistance and Support Levels
- R1: 5,500.61 | R2: 5,742.93
- S1: 5,252.07 | S2: 5,015.95
Overall Sentiment: Neutral
Market Direction: Buy
Trade Suggestion:
- Limit Buy: 5,360.75
- Take Profit: 5,570.49
- Stop Loss: 5,242.02
FTSE 100
FTSE 100 surged as global tariff concerns subsided and market sentiment turned bullish.
Technical Overview
Moving Averages
- Exponential:
- MA 5: 8,257.74 | Positive Crossover | Bullish
- MA 20: 8,306.41 | Positive Crossover | Bullish
- MA 50: 8,427.00 | Negative Crossover | Bearish
- Simple:
- MA 5: 8,151.76 | Positive Crossover | Bullish
- MA 20: 8,308.73 | Positive Crossover | Bullish
- MA 50: 8,452.48 | Positive Crossover | Bullish
Indicators
- RSI: 53.17 | Buy Zone | Bullish
- Stochastic Oscillator: 100 | Bullish Zone | Positive
Resistance and Support Levels
- R1: 8,507.8 | R2: 8,745.2
- S1: 8,276.1 | S2: 8,050.8
Overall Sentiment: Bullish
Market Direction: Buy
Trade Suggestion:
- Stop Buy: 8,469.6
- Take Profit: 8,745.0
- Stop Loss: 8,288.5
Global Indices Performance
Asia-Pacific Markets
- Shanghai Composite: Down 0.10%
- Singapore MSCI: Up 0.78% to 380.73
- Hang Seng (Hong Kong): Up 2.31% to 22,072.62
- Nikkei 225 (Japan): Up 1.86% to 34,868.63
- Topix (Japan): Up 2.06% to 2,584.32
- Kospi (South Korea): Up 1.54% to 2,525.56
- S&P/ASX 200 (Australia): Up 1.33% to 7,920.50
European Markets
- DAX (Germany): Up 2.40%
- CAC 40 (France): Up 2.05% to 7,476.79
- FTSE 100 (UK): Up 1.25% to 8,432.63
U.S. Futures and Indexes
- Dow Jones: Up 1.5%
- S&P 500: Up 2%
- Nasdaq 100: Up 2.4%
Corporate News
- NVIDIA Corp (NVDA): Up 2.04% to 98.89
- Amazon.com Inc (AMZN): Up 3.50% to 173.18
- Apple Inc. (AAPL): Up 3.41% to 199.74
- Goldman Sachs (GS): Up 3.72% to 519.99
- Morgan Stanley (MS): Up 3.84% to 110.38
Key Economic Events & Data Releases (Today)
- (USD) S&P Global Manufacturing PMI (Apr)
- Forecast: 49.0 | Previous: 50.2 | Time: 19:15
- (USD) S&P Global Services PMI (Apr)
- Forecast: 52.8 | Previous: 54.4 | Time: 19:15
- (USD) New Home Sales (Mar)
- Forecast: 682K | Previous: 676K | Time: 19:30
- (GBP) BoE Governor Bailey Speech
- Time: 22:00