India's recent bull run is continuing apace, as the Nifty 50 index, the Standard & Poor's BSE Sensex and dozens of individual stocks reached record highs this week. Technical analyst Ruchit Jain says he expects the rise to continue into May, although strategist Sanjeev Prasad has added a note of caution, saying investors should still take care to evaluate each stock before buying.
Technical analyst Michael Kahn writes that the Chicago Board Options Exchange Volatility Index -- widely known as the "fear index" -- fell dramatically this week, indicating a surge of investor optimism and further stock market gains. He points out that, historically, a sharp one-day decline in the VIX usually heralds a prolonged period of investment, but it could yet be arrested by political developments.
The Shanghai Composite Index hit a three-month low recently just as US stocks ride a wave of positive sentiment after the election of President Donald Trump. The Chinese and US markets are the most out of sync than they've been in nine years.
Technical analyst Sam Collins says this week's rises in major indexes -- such as the Dow Jones industrial average, the Standard & Poor's 500 and especially the Nasdaq, which breached the 6,000 mark for the first time -- suggest that this is the right time to buy stocks in banks, other financials and the technology sector. Collins contends that the breakout that has been developing for several months has now been achieved.
David Cottle writes that Australia's S&P/ASX 200 index is poised to break through the 6,000 mark, and is hovering just below that level after a significant upward bounce in the past week. However, he also predicts that maintaining that level could prove difficult as many investors may be inclined to take profits.
The Securities and Exchange Commission is working on a pilot scheme that will offer lower fees for stock exchange access, which many brokers have said are currently too high. Acting SEC Chairman Michael Piwowar has ordered the test, although there are no details yet on when it will be presented for public comment.
The financial sector is embracing artificial intelligence and machine learning as the next step for quantitative trading models. Yet, many in the industry do not have an understanding of these systems and how they function.
The combined profits of industrial companies in China were up 23.8% in March compared with a year earlier, the National Bureau Statistics said. Profits grew more slowly last month than earlier in the year because the cost of making products is rising faster than the prices manufacturers can charge, the agency said.
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