Daily Markets Broadcast 2020-01-24

Jan 24 02:01 2020 Print This Article

Daily Markets Broadcast

2020-01-24

Stocks mixed as corona virus causes concerns

US indices started weakly but recovered into the close as the global spread of the corona virus continues. Oil prices hit the lowest in 2-1/2 months.

 

US30USD Daily Chart

Source: OANDA fxTrade

The US30 index hit a 9-day low yesterday amid escalating concerns about the spread of the corona virus

The 55-day moving average, which has supported prices since October 10, has moved up to 28,344

The Markit flash manufacturing PMI probably rose to 52.5 this month from 52.4 in December, according to the latest survey of economists.

 

DE30EUR Daily Chart

Source: OANDA fxTrade

The Germany30 index slid to the lowest level in 10 days yesterday, echoing the weak sentiment on Wall Street

The index is above the 55-day moving average at 13,274, which has supported prices on a closing basis since October 8

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