TECHNICAL ANALYSIS REPORT – 28 JULY 2022

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FED 75-basis point hike moved U.S. STOCK FUTURES SLIGHTLY LOWER

Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is up 0.25% at 3,284.46. Overall, the Singapore MSCI is up 1.12% at 298.00. Over in Hong Kong, the Hang Seng Index is down 0.26% at 20,611. In Japan, the Nikkei 225 is up 0.18% at 27,810.00, while the Topix index is down 0.05% at 1946.50. South Korea’s Kospi is up 0.82% at 2,435.27. Australia S&P/ASX 200 up 0.97% at 6889.70.

Top News of the Day:

U.S. stock futures moved slightly lower in overnight trading after major benchmark averages lifted during Wednesday’s session as Federal Reserve policymakers delivered a 75-basis point hike.

By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures declined 0.1%, while Nasdaq 100 Futures were 0.4% lower.

Market Summary as of 27/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.53% at 13,166.38, CAC 40 futures up 0.52% at 6290.41 and the UK 100 futures contract in the U.K. up 0.39% at 7,376.34.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.37% at 32197.60. The S&P 500 up 2.62% at 4023.61 and the Nasdaq 100 up 4.26% at 12601.47, NYSE closes up 1.61% at 15031.03.


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