January 20, 2020 8:48am
Markets are closed in the US
Pre-open indications: None
My version of the morning’s numbers is written to be informative; it’s includes what happened or will beyond the headline and shapes today’s markets as seen by RMi - SUBSCRIBE
European stocks slightly lower as caution returns ahead of Davos for the annual World Economic Forum (WEF) conference with the pan-European Stoxx 600 slipping -0.2% lower;
Asia Pacific shares were mostly higher on Monday; the People’s Bank of China kept the one year and five year loan prime rates (LPR) unchanged for January. Shares of Chinese drug makers and facial mask firms surged amid concerns over a coronavirus outbreak in the country.
Climate change and sustainable business will be a key focus for delegates at this year’s WEF summit, but other political risks such as international trade and geopolitical instability are also likely to be on the agenda.
Friday night’s post’s title: “the sector slips and slides.”
- The NASDAQ closed UP +31.81 points (+0.34%);
- The IBB closed down -0.46% and XBI closed down -0.81%
- The range of the 14 upside was +0.17% (ADVM) to +13.72% (MESO) while the 20 downside ranged from -0.44% (ALNY) to -11.85% (BSTG);
- 10 out of the 14 upside had higher than the 3 month average volume;
- 13 out of the 20 downside had higher than the 3 month average volume;
January registered 7 positive, 5 negative closes and 1 holiday, to date.
- December register 11 negative and 10 positive closes
- November registered 1 holiday, 12 positive and 8 negative close;
- October registered 10 positive, 1 neutral and 14 negative closes;
Companies in my headlights – It’s your decision; I provide an idea and context:
Pre-open indications: NONE
Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors. All investments are subject to risks. Investors should consider investment objectives.
Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.