The U.K. Stockmarket
- The UK Stock market was higher this week.
- Data from the ONS showed that retail sales jumped last month. MPs voted against a motion endorsing the government’s strategy over Brexit.
- Globally, investors are hoping that trade talks between the U.S. and China, which are continuing next week, will resolve with a deal. Data showed Europe’s economy is continuing to slow but Chinese exports rose more than expected.
- Our Breadth indicator stayed positive and our Momentum indicator, although still negative, ticked higher again.
The U.S. Stock market
- The U.S. stock market was higher this week.
- Investors are becoming increasingly optimistic that the U.S. and China will reach a trade deal before the U.S. is due to raise tariffs on March 1st. Either that, or they believe President Trump will extend the deadline if a deal looks close.
- Investor sentiment was tempered though by economic data with initial jobless claims now trending higher.
- Our Breadth indicator stayed positive this week and our Momentum indicator (although still negative) ticked higher again.
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