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The Dow Jones was the only major US index to end the week on the front foot on Friday, but having said that, the close was way below the record high set earlier in the day. The Dow Jones had surged to a high at 42,628. It then fell back to a low at 42,227, before later setting a record daily and weekly close at 42,313. As mentioned right at the start of the session, the rotation in favour of the Dow, at the expense of the Nasdaq 100, remained in place all the way to the close, as the Nasdaq 100 closed lower on the day. Overnight the price action across the Asian markets has been stark in terms of contrasts between Japanese and Chinese stocks. For example the Nikkei 225 is more than 4% lower, where stocks in Hong Kong are more than 3% higher. Right now it seems the Dow Jones futures are not exactly taking a lead from either and currently pricing the opening for later on not much removed from where the index closed on Friday
The final revision to the University of Michigan consumer sentiment index has actually seen all the readings revised a bit higher. Well quite a bit...
Any minute now the latest US university of Michigan consumer sentiment index will be released but this is the final reading so it might not have much...
Not that long ago Bitcoin managed to take out all the highs seen yesterday and earlier today and led it to press just above the 95k handle for the...
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