Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts Nasdaq 100 at one-month low The pullback continues here, with no sign of a low being formed as yet. Having fallen below support at 14,920, the price now targets the June low at 14,688. So far this retracement
Share: Market sentiment remains sour on China debt woes, geopolitical fears. S&P500 Futures lick its wounds at the lowest level in a month during five-day downtrend. Treasury bond yields approach yearly tops marked earlier in August. Fears emanating from China’s Country Garden, Zhongrong Trust propel debt woes. The risk appetite remains downbeat during
The S&P 500 is on track to close at the lows of the week and the worst levels since July 11. I don’t love the look of that chart and the bond market isn’t offering much support here. US 10-year yields are up 6 bps to 4.14%. There is a bit of a retracement in
