A wave of earnings reports is due today, with Microsoft and Meta in focus. The tech sector remains under pressure, highlighted by a 15% drop in Super Micro Computer after disappointing results.
In Europe, banks are seeing strong revenue growth, benefiting from recent market volatility linked to Trump’s trade policies. However, Mercedes and Stellantis have joined the list of companies withdrawing guidance due to uncertainty.
Donald Trump has again criticized Fed Chair Jerome Powell and defended his tariff strategy during an event marking his 100th day in office. Investors are now awaiting key US data, including inflation and GDP figures.
Meanwhile, China’s factory activity has contracted to its lowest level since December 2023, signaling the early impact of US tariffs and increasing pressure for government stimulus.
US consumer companies are also sounding cautious, pointing to a weaker economic outlook ahead.
Key Support and Resistance Levels
Resistance Level 1: 5670
Resistance Level 2: 5740
Resistance Level 3: 5820
Support Level 1: 5380
Support Level 2: 5310
Support Level 3: 5236
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
In Europe, banks are seeing strong revenue growth, benefiting from recent market volatility linked to Trump’s trade policies. However, Mercedes and Stellantis have joined the list of companies withdrawing guidance due to uncertainty.
Donald Trump has again criticized Fed Chair Jerome Powell and defended his tariff strategy during an event marking his 100th day in office. Investors are now awaiting key US data, including inflation and GDP figures.
Meanwhile, China’s factory activity has contracted to its lowest level since December 2023, signaling the early impact of US tariffs and increasing pressure for government stimulus.
US consumer companies are also sounding cautious, pointing to a weaker economic outlook ahead.
Key Support and Resistance Levels
Resistance Level 1: 5670
Resistance Level 2: 5740
Resistance Level 3: 5820
Support Level 1: 5380
Support Level 2: 5310
Support Level 3: 5236
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.