|Day's Range||4,573.89 - 4,614.16|
|52 Week Range||3,632.06 - 6,111.41|
Travel stocks rallied in Europe on Tuesday as stocks climbed for a second day on optimism over a slowly recovering world economy.
The futures point northwards, with optimism continuing to deliver support. Chatter from Beijing and Washington and economic data will be in focus, however.
Geopolitics will be a key driver in the week. Brexit and the Pound and a collapse in the U.S – China relations will be a test riskier assets.
The decision drew a warning from President Donald Trump that Washington would react "very strongly" against the attempt to gain more control over the former British colony. The U.S. Senate published a bill with bipartisan support that would sanction Chinese officials who implement the law.
European stocks declined on Thursday on concern over U.S.-China tensions, as data showed the economy has limped off the bottom.
The futures point to the red ahead of a busy day on the economic calendar. Expect geopolitics to also play a hand later in the day.
The DAX sees red ahead of the open, with negative news on COVID-19 vaccine Moderna and doom and gloom sentiment towards the economic recovery weighing.
The European majors will need another catalyst after Monday’s rally. An EU Stimulus package would be a step in the right direction.
Stock futures, European markets and the Dow Jones rallied Monday as a slowdown in coronavirus infections and deaths buoyed confidence.
European stocks jumped at the open, as data showed new coronavirus cases growing at the slowest rate in months while the head of the Federal Reserve said the U.S. central bank had plenty of ammunition to fight the economic crisis.
A much-debated ban on bets against stocks and bonds across markets in Europe is set to end on Monday night after regulators declared the measures a success in curbing “irrational overreactions”. The national watchdogs in France, Italy, Spain, Austria, Greece and Belgium said they would let the restrictions expire at just before midnight on Monday. The restrictions had applied to investors creating net short positions — which could include a mixture of shares, bonds and derivatives — or those increasing their existing net short positions.
The futures point northwards as the continued easing of lockdown measures and fall in new COVID-19 cases improves sentiment.
European stocks and U.S. futures climbed early on Friday as signs of a recovery in China helped boost after a strong finish on Wall Street.
The futures are pointing northwards early in the day. German GDP numbers and economic data from the U.S could weigh, however.
The tough times are likely to continue for a while longer adding to the risk aversion. Yellen and Draghi may be feeling relieved to have missed out on this one…
With Wall Street down for a third straight consecutive session, and billionaire investors debating the value of U.S. stocks amid an unprecedented economic downturn, Thursday's jobless data could prove to be crucial for near-term sentiment.