Trading summary
Short selling S&P @6,015
Stop gain @ 6,005 (0.167%) previous day's opening price
Stop loss @ 6,028 (-0.216%) window created as a pressure at previous at closing
Reason: Very quick gain after previous day's market opening but steadily heading down; uncertainty in the market.
Previous close @6,033.11
Closing @5982.72 (-0.84%)
US Economics data supported bet the Fed will cut rates at least once more in 2025 (priced in first rate cut in Oct) -> Treasury rose but dollar "climbs the most in a month"
Other noteworthy assets
UK housing price
Rise in number of sales agreed by 6% compared with last year
- 13% rise in listings
- Improvement in mortgage rates and availability
- After Easter Holiday (Apr 20, 2025) and initial reaction to stamp duty relief ending
Rise in average house price by 1.6%
- Cities across North West are registering highest rates of price growth (around 3%)
- Fewer homes for sale (supply) in some areas
Looking forward:
Mortage rates further improve due to possible rate cuts -> housing demand increase, growth in sales and housing price
Reference:
No comments:
Post a Comment