3:05 PM · 29 August 2019

DE30 soars to the key resistance on trade talk

Equity indices moves sharply higher this Thursday on exchange of trade talk between the US and China that could offer some hope that the new tariffs could be delayed. China said it was ready for talks with the US and there was a hint that any retaliation from the Beijing would not be immediate but at this moment there is still no decision on a possible delay of the new US tariffs. Nonetheless, investors look forward to such decision with DE30 (+1.2%) surging to the key resistance of 11850 points, ITA40 (+1.9%) advancing even more on a delay of early elections and US markets adding between 1.2% (US500 and US30) and 1.6% (US100).

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