Archives of “September 6, 2019” day

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Iran has announced further scaling back of its commitments to the 2015 nuclear deal

  
Analysis, Politics
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Iran says lifts limitations on its research and development field

  • as part of further scaling back its commitments to the 2015 nuclear deal
  • Says will report details of it nuclear steps to UN Nuclear Agency

Item on Iranian Students News Agency (ISNA) via Reuters

Iran says lifts limitations on its research and development field 

China official comments on US trade war “bullying”

  
Analysis, Politics

Remarks from the China’s  ambassador to Australia are more reminiscent of what we are accustomed to rather then the current feel goods

China’s ambassador to Australia

  • says his country does not want a trade war with the United States
  • but Beijing is not scared of retaliating
  • US tariffs on Chinese goods “bullying”
  • “In the face of US trade bullying and extreme pressure, China’s position has always been rational and clear-cut” 
  • “We do not want a trade war, but are not afraid of fighting one.” 
He was writing, opinion piece, in the local Australian press on Thursday.

US stocks break out of recent ranges with a big move higher

  
Analysis, US Market
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Dow and S&P up for the 5th time in 6 trading days

The US major indices all broke above recent up and down trading ranges, and above their 50 day MAs as well.  The major pairs are each up over 1.30%. Big day for equities.

The final numbers are showing:

  • S&P index up 38.16 points or 1.30% to 2975.95. The day moving average is down at 2945.21.
  • NASDAQ index up 139.94 points or 1.75% at 8116.82. The 50 day moving average is down at 8047.98.
  • Dow is up 371.93 points or 1.41% at 26727.40. The 50 day moving average is down at 26563.34.
Apart from the UK’s FTSE which fell by -0.55% on the day on the back of a continuation of the upward momentum in the GBP, the other major indices traded above the 0.0% line for all of the day.   The biggest gainer was the Russell 2000 index of small cap stocks which rose by 1.86%. The NASDAQ composite index tacked on another 1.75% gain after rising by nearly 2% at the highs.
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