Introduction:

In the global financial landscape, Asian stock markets are displaying a mixed picture as the yen strengthens under the influence of Ueda’s comments. Meanwhile, European shares are on the rise, anticipating crucial US inflation data and an ECB policy meeting. In the US, futures are lifted by Tesla’s performance, setting the stage for a week marked by inflation data that could impact Federal Reserve decisions.

US STOCKS-S&P 500 gains marginally after the close ahead of US inflation data.

S&P 500 TECHNICAL OVERVIEW:

Moving Averages:

Exponential:

• MA 5: 4468.27 | Positive Crossover | Bullish
• MA 20: 4477.33 | Positive Crossover | Bullish
• MA 50: 4477.39 | Negative Crossover | Bearish

Simple:

• MA 5: 4463.77 | Positive Crossover | Bullish
• MA 20: 4490.98| Positive Crossover | Bullish
• MA 50: 4459.96 | Negative Crossover | Bearish
  
  

RSI (Relative Strength Index): 50.35 | Buying Zone | Bullish

Stochastic Oscillator: 50.78 | Buy Zone | Positive

Resistance And Support Levels :

• R1: 4483.29 | R2: 4549.20
• S1: 4436.56 | S2: 4368.27

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Stop Buy: 4497.67 | Take Profit: 4549.20 | Stop Loss: 4465.3

Elsewhere in the Indices Market

Asian stocks trade mixed, yen advances on Ueda.

The Shanghai composite is up at 0.84%. Overall, the Singapore MSCI up 0.62% to 282.68. Over in Hong Kong, the Hang Seng Index is down by 0.58% to 18,096.45. In Japan, the Nikkei 225 was down 0.43% to 32,467.76, while the Topix index was up 0.62% to 2,360.48. South Korea’s Kospi up 0.36% to 2,556.88. Australia S&P/ASX 200 is up 0.50% to, 7,192.30.

European shares gain ahead of US inflation data, ECB policy meeting.

The DAX futures contract in Germany traded 0.42% higher, CAC 40 futures in France up 0.50% to 7,276.89 and the UK 100 futures contract in the U.K. up 0.21% to 7,493.70.

US STOCKS-Futures rise after a dull week on Tesla gains.

Tesla shares helped raise U.S. stock index futures on Monday, which came ahead of inflation data later this week that may provide hints as to whether the Federal Reserve will pause its interest-rate hikes.. Indexes: Dow up 0.08%, S&P 500 down 0.45%, Nasdaq down 1.00%.
Corporate News:

Tesla (TSLA) is down 1.19% at 248.50, Apple (AAPL) is up at 0.35% at 178.18, and Morgan Stanley (MS) up 1.29% at 84.92. JPMorgan Chase & Co (JPM) up 0.77% at 143.83, and Goldman Sachs Group Inc, (GS) up 1.11% at 325.52.

Key Economic Events & Data Release Today:

(GBP) BoE MPC Member Pill Speaks at 13:30.