The U.K. Stockmarket
- The U.K. Stockmarket was lower this week.
- The UK and the EU reached a deal this week but Theresa May will still need to get parliamentary approval.
- US Dollar strength continued to exert pressure on commodities prices, and the heavy fall in the price of oil has weighed on oil stocks in the FTSE100.
- Our Breadth Indicator stayed negative this week and our Momentum indicator ticked lower again.
The U.S. Stock market
- The U.S. Stockmarket was lower this week. Technology was the worst performing sector with Utilities the best.
- US/China trade war concerns were again a focus for investors as hopes for progress in the upcoming talks between President Trump and Chinese President Xi Jinping at the end of the month seemed to fade a little.
- Economic data disappointed and the University of Michigan’s consumer sentiment index for November fell a bit more than anticipated.
- Our Breadth indicator stayed negative and our Momentum indicator ticked lower again.
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