Wednesday brings a continuation of a strong rally on European indices. This is the fourth day of strong gains and despite concerning news of unrest in Hong Kong indices keep soaring higher – close to 2% up for DE30, FRA40 and EU50. DE30 is up a massive 46% from a pandemic low in March! Looking at DE30 the level to watch is 11830 – a local low from October 2019.

Daily Summary: Lower inflation weakens the dollar and awakens gold and S&P 500 to gains
US Open: Nasdaq 100 gains 1% 🔼 Software stocks decline, JP Morgan rises after earnings
Dollar sells-off following first US price drop in six years
Market Wrap: Europe slips on Ormuz escalation, market awaits US CPI