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Global equity indices stay resilient, but still cautious
Global equity markets have enjoyed a positive start to 2019 and have been rallying in most instances since straight after the Christmas holiday.
This solid tone has been a reaction to; a more dovish Federal reserve tone since the end of 2018, an improvement in the US-Sino trade negations and the ability of markets to push above some notable technical levels.
Although many averages have crept higher through mid-January, the pace of the advance has significantly slowed since the first part of the month, highlighting cautious.
However, support levels have remained firmly intact, with the current consolidation seen as platform from which to launch to further recovery highs into the second half of January as we go through the earnings season.
Here we focus on the European benchmark, the DJ Euro STOXX 50.https://www.fxexplained.co.uk/forex-articles/current-market-analysis/global-equity-indices-stay-resilient-but-still-cautious/