Market Snapshot – Lack of Fundamental Drivers Affecting the Markets

Stock Markets Continue to be Buoyant

The stock markets in Europe continued to trade in a buoyant manner with the DAX index moving higher through the 13400 region for a brief while before correcting lower for the day and continue to trade below that region as of this writing. It has been a good day for the stock markets so far and now they pass on the baton to the US stock indices which are now under the pressure of ensuring that they continue with the improvement in the risk sentiment. The US stock indices are already at their all time highs and hence it is only a continuation of where they left off, as far as the indices are concerned. There has not been much of economic data around and hence the markets have been mainly driven by trade positioning so far.

Cryptos Under Scanner

In the crypto world, the volatility continues as the threat of increased regulation continues to haunt the markets and this has been pushing the bitcoin prices this way and that and it is BTC that is increasingly on the radar of all the regulators. This has helped the other altcoins to escape attention and scrutiny for now and this has pushed the ETH prices higher during the course of this week as it trades just below the $1200 region as of this writing.