With US and European stocks starting to diverge, Michael Hewson asks whether US indices can continue to break new ground and what might be next for sterling.
- SPX 500 bounced off the up trendline and is re-targeting fresh highs, however, some see this as concerning as US stocks seem to be ignoring the risks and European weakness
- Strong UK inflation numbers may encourage sterling to continue rallying, with resistance at $1.7180, but average earnings remains below rising prices
- USD/CAD needs to break above C$1.0750 to re-test the C$1.08 level
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Video content by Michael Hewson of CMC Markets.
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