Global Equity Indices Approach Oversold Territory as Downtrend Deepens - Apple Latest
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Global equity indices approach oversold territory, downtrend deepens

(Bloomberg) -- Global equity benchmarks fell steeply into oversold territory as risky assets sold off this month. Bloomberg's Top Reads Beyond the Ivies: Surprise Winners on the List of Colleges with the Highest ROI Trump Media's $5.3 Billion Sell-Off Deepens as 270% Gains Fade S&P 500 Falls Below 5,100 as Big Tech Sell-Offs Take Place: Market RoundupIran's Attack on Israel Sparks Race to Avoid All-Bean WarApple Spaghetti Facing Worst iPhone Slide Since Covid iPhone slides hardest since Covid, rivals rise on MSCI A-share index: Apple Noodle faces worst iPhone slump since Covid.

(Bloomberg) - Global equity benchmarks fell steeply into oversold territory as risky assets sold off this month.

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The 14-day relative strength index of the MSCI All Country World Index fell below 33 on Tuesday, down from its October level. readings of 30 or lower indicate that market momentum may be reversing, as the sell-off may have been excessive.

The index fell nearly 4% in April and is on track for its first monthly decline since October as weakening Fed easing bets and a promotion in the Middle East conflict weakened the attractiveness of the stock market.

Read more about Fed repricing makes Asian stocks more vulnerable than others

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