|Day's Range||5,323.17 - 5,364.22|
|52 Week Range||4,555.99 - 5,601.38|
No major shocks from the EU elections should be positive for the majors, leaving sentiment towards trade to influence on the day.
Global stocks steadied overnight, with Wall Street set for a modest opening bell gain, although investors remain nervous over slowing growth and protracted trade tensions. Wall Street futures suggest solid opening bell gains ahead of earnings from Foot Locker and April durable goods orders at 8:30 eastern time.
After a day of heavy losses, the futures are pointing to a positive open. Holding onto any gains could prove to be a challenge, however.
The futures are pointing to an edgy start with a mass of stats, EU elections and trade war chatter to drive the majors on the day.
The European majors continue to be gripped by the U.S – China trade war. The U.S may need to take a softer stance yet for China to resume talks…
Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China's Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%, extending gains earlier in the trading session, with Germany's DAX rising 1.1%, while France's CAC 40 added 0.6%. At the close, China's Shanghai Composite index was up 1.23%, while the blue-chip CSI300 index ended 1.35% higher.
The futures are flashing green early in the day, in spite of a mixed Asian session. A lack of chatter on trade could prove to be positive.
Apple and Intel dragged the Dow Jones, chips weighed broadly on the stock market Monday, as U.S. action against China's Huawei took hold.
U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown. The selling came after Nikkei Asian Review reported that Infineon had halted shipments to Huawei after Washington added the world's No. 2 smartphone maker to a trade blacklist last week, imposing restrictions that will make it difficult to do business with U.S. companies. Reuters reported that Alphabet Inc's Google had suspended some business with Huawei and Lumentum Holdings Inc, seen as a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.
Investors already on edge about an escalating U.S.-China trade dispute were further rattled after Beijing accused Washington of harbouring "extravagant expectations" for a trade deal, underlining the gulf between the two sides. Asian shares had managed to reverse some of last week's losses on Monday after Washington said it would lift tariffs in North America, and as investors cheered apparent wins by Conservative incumbent parties in elections in Australia and India. U.S. President Donald Trump's government added Huawei to a trade blacklist last week, imposing restrictions that will make it difficult to do business with U.S. companies.
A quiet day on the economic calendar leaves the Oval Office as the main area of focus. What’s the next move in the U.S – China trade war?
Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world's two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners.
U.S. President Donald Trump's bid to blacklist Huawei has further intensified trade tensions, while the Chinese ruling Communist Party's newspaper has insisted the trade war will only make China stronger. The morning's biggest loser was British tour operator Thomas Cook, which saw its shares plummet 30% by mid-morning, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration's bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party's newspaper striking a defiant tone.
The Eurozone’s trade surplus widened from €17.9bn to €22.5bn in March. Imports increased by 4.8% over the same period, leading to a narrowing of the trade surplus from €46.5bn to €43.5bn in Q1. Finalized inflation figures out of Italy had a muted impact, with the finalized numbers being in line with prelim.
LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China.
Following some weak numbers out of China, will Germany’s GDP numbers also disappoint? There’s a lot hanging on the hope of a trade deal…