Franklin FTSE Australia ETF Price & Performance (FLAU)

U.S. markets closed higher on Monday, with the S&P 500 reaching a multi-week high. Gains in tech stocks like Nvidia and Tesla led the rally, driven by hopes for softer tariff policies. However, concerns linger over the broader economic impact of tariffs as companies continue to revise earnings forecasts downward.1

Franklin FTSE Australia ETF (FLAU) shows mixed signals for traders. Resistance levels at $28.25 and $28.6 suggest short opportunities, while breaking above resistance could trigger buy signals. Analysts warn against "catching a falling knife" as the stock lacks clear support levels, making cautious trading essential.2

The Federal Reserve maintained interest rates at 4.25%-4.50%, signaling two cuts later this year. Markets reacted positively, with major indexes gaining. However, concerns over tariffs and inflation persist. The Fed also projected slower economic growth and elevated inflation, adding to market uncertainty.3