Rate-cut realized, the market set to focus on U.S-China trade talks
Yesterday, the Fed decided to cut interest-rate by 25 bps but provide no clue on further rate-cut. In the FOMC meeting, the Fed mentioned the economy proceeds strongly from the labor side and describe GDP growth as moderate.
At the current time, the market set to focus on U.S-China trade talks starting this Thursday in Washington.
Asian & European Stock market
Asian stock market mostly higher. Japan’s stock market up 83.74 points (+0.38%) to 22,044.45, China stock market up 13.62 (+0.46%) to 2,999.28, and Australia ASX 200 up 35.90 points (+0.54%) to 6,717.50. European stock market traded on the positive side. DAX Germany up 0.37%, UK FTSE up 0.61%, Euro STOXX600 up 0.43%
Dow Jones Industrial Average (INDU)
DJIA moved higher after the Fed cut interest-rate yesterday. The index might continue higher as the Fed might plan for another rate cut this year. However, there is a trade war issue to watch too. If there is no major change in the market development then DJIA might continue upward and print fresh high.
Coca-Cola Co (KO)
KO share prices slowly climb higher and supported by the daily SMA 50. When there is a pullback in the share prices toward the averages then there is a chance to enter long positions. At the current time, KO traded near its SMA 50 and show the sign of bounce. Traders could start looking for long positions and ride the uptrend.