|Day's Range||5,497.22 - 5,531.45|
|52 Week Range||4,555.99 - 5,601.38|
The futures are pointing to a mixed start to the day. Rising tensions in the Middle East will likely test appetite for riskier assets on the day.
A G20 summit, talks of military strikes in the Middles East and economic data will keep the markets on their toes in the week ahead.
Economic data took a back seat, as Central Banks took the limelight. In spite of dovish chatter from across the globe, it was the Dollar that sunk…
Can the CAC40 make it 5 out of 5? Monetary policy easing and hopes of an end to the U.S – China trade war have certainly played their part.
A dovish FED should provide support in the early part of the day. Geopolitical risk and economic data will have an influence, however.
President Trump tweeted Tuesday that the European Central Bank is "unfairly" devaluing its currency by hinting at lower rates, indirectly challenging the Federal Reserve to do the same.
The futures market is pointing to a mixed start to the day. Negative sentiment towards the ongoing trade war continues to limit the upside for the majors.
Global markets are mixed as geopolitical tensions mounts, Trump prepares to hike tariffs, and the FOMC meeting comes into sharp focus.
Economic data is on the lighter side going into the weekend. U.S retail sales could spoil the party, as the futures point to a positive open.
It’s looking a bit bearish for the day ahead. Trade war tension continues to linger, which could test investor resilience on the day.
With Germany on holiday today, it will be down to the CAC40 to follow the Asian majors into positive territory later this morning.
It’s a busy day ahead. While any chatter on trade will move the majors, Draghi and economic data out of Germany are also there to consider.
The German benchmark’s outperformance in Europe this year could be at risk if the U.S.-China trade war escalates, Barclays strategists wrote in a note on Wednesday, closing their overweight rating on the index and recommending that investors switch to France’s CAC 40 Index. China is Germany’s biggest trade partner outside Europe, and the carmaker-heavy DAX was particularly prone to swings in May on headlines about potential U.S. levies on the automobile industry. France has more diversified exposure to sectors and regions, according to Barclays strategists led by Emmanuel Cau.
The European majors found support from FED Chair Powell and the willingness of China to return to the negotiating table. The day ahead could get choppy.
The European Central Bank President, Mario Draghi, announced that a new stimulus package could be on the way. Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Tom Belger break down the details.