|Day's Range||6,016.77 - 6,064.55|
|52 Week Range||4,878.62 - 6,109.81|
It was a tough week. While economic data was skewed to the positive, the coronavirus and dovish sentiment towards monetary policy also influenced.
There’s plenty for the markets to consider in the day ahead and the ECB and Eurozone consumer confidence figures will be a part of it…
PARIS/LONDON (Reuters) - Airbus' shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news. Boeing said on Tuesday that it did not expect to win approval for the 737 MAX to return to service until mid-year. Airbus was up by 1.85% at 138.9 euros at 1215 GMT, the top performer on France's benchmark CAC-40 index after hitting a record high 139.32.
It could be a choppy day ahead as the markets monitor the news wires for more details on the coronavirus and chatter from Davos.
The Futures point to a bearish start, with the IMF growth outlook, Davos and the latest news on the Coronavirus likely to be testing the bulls.
With economic data on the lighter side and the U.S markets closed, the momentum looks to provide support going into the European open.
Stocks in the European Union surged in early trade on Friday as the EU Trade Commissioner Phil Hogan gave positive reviews of his meetings with the United States counterpart Robert Ligthizer and Secretary of Commerce Wilbur Ross. "These meetings were in the main both positive and productive," Hogan said in his speech in Washington D.C. on Thursday, while calling for finding solutions to the trade tensions between the block and the U.S. through bilateral meetings. "We must call out the narrative that the US has a trade deficit or an unfair trading relationship with Europe," Hogan said.
The futures say green as the markets respond to the signing of the phase 1 trade agreement. Economic data from the U.S will influence today.
It’s a busy day ahead for the majors. Economic data from the Eurozone and the U.S, corporate earnings, and trade are in focus.