Bullish indication after U.S job data beat
U.S stock futures pointed upward today after U.S Non-farm employment data released better than expected. The expectation sees 90k job added last month and actual data posted 128k job added. Aside from the news, today China manufacturing data also recorded better than expected numbers. China Caixin manufacturing PMI recorded a reading of 51.7 vs. 51.0 expectation.
Asian & European Stock market
The Asian stock market traded higher today. Japan’s stock market down 76.27 points (-0.33%) to 22,850.77, China stock market up 29.14 points (+0.99%) to 2,958.20, and Australia ASX 200 up 5.70 points (+0.09%) to 6,669.10. The European stock market mostly higher on strong China data. DAX Germany up 0.63%, UK FTSE up 0.44%, Euro STOXX600 up 0.58%
Dow Jones Industrial Average (INDU)
No breakout above the trendline yet in DJIA daily chart. The index expected to stick near the top trendline at the end of the current week. At the current time, the index futures pointed upward more than 100 points. Will we have a breakout above the trendline today?
Activision Blizzard Inc (ATVI)
ATVI looks promising for a bullish breakout as the share prices form an ascending triangle pattern. We have daily SMA 50 as support level and the level around $56.50 as the resistance. Currently, the share prices might continue its consolidation inside the triangle until breakout happens.