China Approves National Security legislation for Hong Kong – Hang Seng drops 1%.
S&P 500 above 200-day moving average – signals possible change in long term trend.
US coronavirus death toll hits 100,000.
Shares in Asia were mixed on Thursday. Japan’s shot higher but the led the declines after China’s parliament approved the new Hong Kong security legislation. It was a different story on Wall Street, which rocketed higher as the moved above the 3000 price level and its 200-day moving average. European markets are tracking the optimism on Wall Street with a higher open on Thursday. Cineworld was a top riser while Rolls Royce (LON:) was a top faller.
The was slightly firmer; bringing back toward 1.10 and under 1.23. ended well off its lows beneath $1700 per oz yesterday and is continuing the rise this morning. Oil is pulling back after the surprise inventory build in the US reported yesterday.
HK Law Passes
What is happening with Hong…