Breaking News: Stocks deepen decline as trade optimism fades

11:25 AM October 8, 2019

Major stock market indices are trading lower on Tuesday as optimism ahead of trade talks scheduled for Thursday falters. Deepening of decline was triggered by reports that the Chinese delegations considers shortening its Washington visit and returning home on Friday instead of Saturday. The German DAX is trading over 1% lower already.

DE30 plunged below the lower limit of the Overbalance structure earlier today (yellow box). Decline accelerated as news of shortening Chinese delegation visit hit markets. In turn, the German index is testing the support zone ranging above the 11950 pts. Source: xStation5

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