Stocks cool off from record highs

Click For Larger Image & Read More
Stocks cool off from record highs
 © FinancialMirror 2021

By Han Tan, Market Analyst at FXTM

The rally in global stocks is taking a breather before the weekend, having posted a new record high on Thursday. Most Asian benchmark indices are in the red, while US equity futures are dipping slightly.

Friday’s pause appears warranted by technical indicators, seeing as the 14-day relative strength index for several major benchmark indices from Hong Kong’s Hang Seng index to the Nasdaq Composite index have moved into overbought territory.

Perhaps investors are taking a moment to consolidate their...

Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 22-1-2021

Stocks cool off from record highs

The contents of this article including any associated images are © FinancialMirror 2021
Views & opinions expressed in this article are those of the author and/or FinancialMirror .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: stocks, record, highs,