Stock market overview 31.10.2019

What do we see in the market?

Nasdaq 100 🇺🇸

The financial reporting period strengthens the position of the index. Rising volumes are growing markedly, the price, in turn, managed to overcome the historical maximum.

This week we published a lot of reports. It is noteworthy that the largest companies whose contribution to US GDP is the highest report this week.

The reports themselves in most cases came out above the expectations of global analysts, which gave an upward impetus to the global equity markets.

The process of agreeing terms on the us-China trade war adds to the positive in favor of the growth of quotations. For the above reasons - we are waiting for bullish dynamics in the final week of October.

Nikkei 225 🇯🇵

Strong growth for three weeks, as well as correlation with the currency pair USD|JPY-that's what can be said about the index of the Japanese stock market.

At the moment, there are no reasons for the decline in quotations. It is likely that we will continue to grow until investors begin to take profits, or demand for key shares will begin to decline.

While the shares are disassembled like hot cakes - it makes no sense to change the forecast for this financial instrument. The General mood of the market is upward.

FTSE 100 🇬🇧

UK stock markets received a portion of positive amid another postponement of Brexit. The introduction of trade and customs duties between the EU and the UK is not yet expected, and this is an excellent cost savings for companies on both sides of the issue.

The technical picture of the tool is also likely to be favorable. The General mood is upward.