|Day's Range||5,616.02 - 5,657.65|
|52 Week Range||4,555.99 - 5,737.15|
The majors held onto gains in a choppy Tuesday. A lack of stats today leaves the majors in the hands of corporate earnings and geopolitics…
Positive sentiment towards the U.S – China trade negotiations and the blocking of a no-deal Brexit are positives on a quiet day on the economic calendar.
It’s another big week for the global financial markets, Corporate earnings, Brexit, trade and economic data in Focus. It’s also Draghi’s last media show…
Shares in French media group Vivendi jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting buyer interest. Vivendi shares were up 2.7% in early trading, the best performer on France's benchmark CAC-40 index , which was down 0.7%. "Group trading continues to track well, but we view the major catalyst for share price upside in the short term to be further sell down of UMG," wrote brokerage Liberum, which kept a "buy" rating on Vivendi.
LONDON/NEW YORK, Oct 17 (Reuters) - A deal on Britain's departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a 1-1/2-year peak before doubts about UK parliamentary support brought them back to earth. Wall Street rose as upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the U.S. reporting season, while the dollar fell against the euro as the common currency got a lift on the long-awaited Brexit deal.
Equities rallied on the news as well as the British Pound, which jumped more than 1%. At the same time, investors dumped their hedge protection, leading to weakness in the Japanese Yen, Gold and U.S. Treasury bonds. The U.S. Dollar is also getting crushed against a basket of currencies.
It’s a busy day ahead for the majors, with economic data, geopolitics and, corporate earnings in focus. Is a Boris Johnson magic act on the cards?
Investors took no chances upon hearing the news. Besides driving stocks lower and erasing some of Friday’s gains, hedgers drove December Treasury Notes 0.46% higher. December Comex gold futures rose 0.73% and the Japanese Yen jumped 0.24% higher. These protection moves are likely to increase if investors continue to turn sour on the deal.
It is a big week ahead, with corporate earnings, trade talks, Brexit and economic data in focus. There’s also the IFM meetings and the EU Summit.
Brexit news and progress on the U.S – China trade talks drove demand for riskier assets in the week, pinning back demand for the Dollar and the Yen.
Hopes for progress in trade talks between the U.S. and China as well as the U.K. and the European Union’s Brexit negotiations gave a lift to European stocks on Friday.
Past meetings between Liu and Trump this year have yielded positive progress on trade. For example, after their meeting in January, China increased its soybean buying. And their February meeting resulted in a delay in tariffs.
It’s a big day ahead on the geopolitical front. Progress on Brexit and U.S – China trade talks will be needed to support the majors.
Major indexes opened in the green today after Halliburton reported third quarter earnings that fell short of revenue expectations. State Street's Senior Global Markets Strategist Marvin Loh and Brown Brothers Harriman Chief Investment Strategist Scott Clemons join Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Jared Blikre to discuss.
British Prime Minister Boris Johnson says he has reached a new Brexit deal with EU leaders, and he’s urging parliament to approve it by this weekend. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Tom Belger break down the details of the deal and what’s to come.
Major indexes are in the green today as China reportedly looks to ease tensions with a partial trade deal with the United States. Tematica Research Chief Investment Officer Chris Versace and PNC Chief Investment Strategist Amanda Agati join Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Jared Blikre to discuss.