U.S stock futures higher before jobless claim

The DJIA futures up more than 300 points today after the previous day bearish close in the stock market. The market will observe today jobless claims data. Analysts and investors are expecting 3600k claims this week, higher than the previous 3283k claims.

Current optimism in the futures might be short-lived as the situation could turn worse anytime on coronavirus.

Asian & European Stock market

The Asian stock market mixed today. Japan’s stock market down 246.69 points (-1.37%) to 17,818.72, China stock market up 46.12 points (+1.69%) to 2,780.64 and Australia ASX 200 down 104.30 points (-1.98%) to 5,154.30. The European stock market whipsawing. DAX Germany up 0.35%, UK FTSE up 0.76%, Euro STOXX600 up 0.55%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA will be in a choppy session for several weeks forward after the previous day sloppy start. The index might come under pressure again following the situation of coronavirus. At the current time, DJIA set to bounce and move above 21,201. It seems the index might continue trading between 21,201 – 22,558

Colgate Palmolive (CL)

CL share prices move lower but not in a major bearish pressure. The share prices thriving under the current bearish trend. If CL share prices move lower then traders could watch $60.00, $52.50 and the daily SMA 200 for the chance to enter long positions.