Citigroup gains, eBay under pressure
Citigroup shares are posting steady gains after breaking above key technical levels, signaling potential for continued upside. Market participants view the bank's stock as promising amid signs of stabilization in the financial sector.
However, to mitigate risk, analysts recommend hedging long positions in Citigroup with short positions in eBay. The latter remains in a downward trend, reflecting weakness in the online retail sector.
US indices rise on signs of trade progress
US stock indices ended the session with strong gains after reports surfaced of a potential tariff reduction between the United States and China. The S&P 500, Dow Jones, and Nasdaq all recorded notable positive moves, underscoring improved investor sentiment.
Optimism is being fueled by expectations of imminent agreements that could reduce uncertainty and spark a rebound in global trade. Increased buying activity signals renewed market confidence.
Market supported by tariff relief and Goldman Sachs' forecast
Markets responded positively to both a rollback in trade barriers and upbeat forecasts from Goldman Sachs analysts, who ruled out a US recession in the near term. These factors helped reduce volatility and push equities higher.
Still, experts caution against complacency: with inflation lingering and limited economic growth, the risk of stagflation remains. Investor focus has now shifted to the trajectory of key macroeconomic indicators. Follow the link for details.
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