^FCHI - CAC 40
| Previous Close | 5,011.97 |
| Open | 5,060.92 |
| Volume | 0 |
| Day's Range | 5,060.92 - 5,199.65 |
| 52 Week Range | 3,632.06 - 6,111.41 |
| Avg. Volume | 145,710,526 |
- Financial Times
Stocks rally and bonds drop after ‘incredible’ US payroll data
The S&P 500 closed 2.6 per cent higher following the release of data that showed that non-farm payrolls rose by 2.5m last month. The tech-heavy Nasdaq rose 2.1 per cent, leaving it just three points short of its record high. Consensus expectations had been for a loss of 7.5m jobs, which would have put the US unemployment rate close to 20 per cent, not far off the Great Depression peak of 24.9 per cent. But the new jobs pushed the rate down to 13.3 per cent in May, from 14.7 per cent in April.
- FX Empire
European Equities: U.S Labor Market Numbers to Have the Final Say
Futures point to a testy start as the markets look ahead to U.S labor market numbers due out late in the session…
- MarketWatch
Stocks in Europe slip ahead of ECB decision
European stocks moved off their lowest levels of the day on a slightly more aggressive European Central Bank move than expected.
- FX Empire
European Equities: The ECB and the U.S Weekly Jobless Claims in the Spotlight
The ECB is in action later today and will influence the majors, as will the weekly jobless claims from the U.S. Will Lagarde deliver more support?
- FX Empire
Mid-Week Market Drivers – Geopolitics, Service PMIs, Employment, and COVID-19 in Focus
There’s been plenty of optimism this week on an economic rebound. Service sector PMIs and employment figures will provide further guidance.
- FX Empire
European Equities: Service Sector PMIs and German Unemployment in Focus
The futures point to another positive open ahead of a busy day on the economic calendar. Service sector PMIs will need to impress…
- Bloomberg
European Stocks Rise to 3-Month High on Stimulus, Reopening Bets
(Bloomberg) -- European stocks rose to their highest level in almost three months, buoyed by optimism about economies reopening and stimulus measures.The Stoxx Europe 600 Index added 1.6% at the close, its sixth advance in seven days. The DAX Index jumped 3.8% as German markets reopened after a holiday and as Chancellor Angela Merkel seeks to broker a compromise on a second stimulus package. Deutsche Lufthansa AG rose 3.4% after the airline overcame most of the barriers to receiving a $10 billion government bailout.European equities have retraced more than half the decline from a selloff that began in February. Easing lockdowns and unprecedented stimulus measures are boosting sentiment, sending the Stoxx 600 toward its 100-day moving average for the first time since late February. Still, escalating U.S.-China tensions have tempered some gains recently.“So far, investors remain focused on global business reopening, the fact that the number of new Covid cases remains stable as economies restart operating and of course, the massive fiscal and monetary support from central banks and governments,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “The positive sentiment outweighs even a faltering phase-one deal between Beijing and Washington.”France’s CAC 40 Index climbed 2% even after the country’s finance minister said its economy will suffer a deeper recession than previously expected.Cyclicals were top performers on Tuesday, led by autos. Carmakers rallied after May sales figures from three of region’s biggest auto markets indicated the demand drop due to the Covid-19 pandemic is slowing.Tech shares rose 1.5%, erasing their 2020 losses. Along with health-care shares -- the only other sector in the green this year -- they have been the biggest beneficiaries from the Covid-19 fallout.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
German stocks surge after three-day break as equities extend winning run
European stocks on Tuesday extended recent gains as economies reopen, with German stocks booming after a three-day break.
- FX Empire
European Equities: A Lack of Stats Leaves Geopolitics and Policy Support in Focus
It could be a choppy day ahead for the majors. A lack of economic data will bring U.S – China tensions and rioting in the U.S into focus.
- MarketWatch
Stocks in Europe surge as focus returns to reopening economies
European stocks rallied on Monday as a lack of escalation in U.S.-China tensions put the focus back on reopening of the world’s economies.
- FX Empire
European Equities: Geopolitics and Manufacturing PMIs in Focus
Futures point to a positive start as the markets brush aside Trump’s Friday press conference. Expect geopolitics and today’s stats to influence, however.
- FX Empire
The Week Ahead – Stats, Geopolitics, and Central Banks to Test the Markets
It’s a busy week ahead. Central banks are in action and China will be in a retaliatory mood. Then there are the stats to begin tracking once more…
- FX Empire
The Weekly Wrap – Risk Appetite Sinks the Greenback as China Gets Hit with Sanctions
It was another busy week for the markets. The easing of lockdown measures continued to fuel demand for riskier assets at the expense of the Dollar.
- FX Empire
European Equities: A Week in Review – 30/05/20
It was a bullish week for the majors, with the gains coming in spite of a Friday pullback. The week ahead could be a choppy one, however.
- Investing.com
Stocks - Europe Lower Amid Nervousness Ahead of Trump Statement
Elsewhere, gold futures rose 0.2% to $1,717.70/oz, while EUR/USD traded at 1.1093, up 0.2% on the day.
- FX Empire
European Equities: U.S – China Tensions ahead of Trump’s News Conference to Test the Rally
The futures slide into the red ahead of the European open as the market looks ahead to Trump’s news conference later today.
- MarketWatch
European stocks climb for fourth straight session on growing enthusiasm over economies reopening
European stocks advanced on Thursday for a fourth straight session, on building enthusiasm over the reopenings of economies across the world.
- Reuters
A long and winding road to recovery for European stocks: Reuters poll
The recovery from the coronavirus financial crash will take time for European stocks which are expected to end 2021 around 10% below this February's record high, a Reuters poll of about 30 fund managers, strategists and brokers showed. Taken over the past two weeks the survey showed the pan-European STOXX 600 <.STOXX> would reach 347 points, 368 points and 390 points by end-2020, mid-2021 and at the end of 2021 respectively. The index hit a record high of 433.9 points on Feb. 19 but the coronavirus pandemic and lockdowns imposed across the world to limit its spread triggered a global sell-off in anticipation of recessions caused by entire countries closing down.
- FX Empire
European Equities: Futures Point to another Surge Driven by Economic Optimism
Economic data from the Eurozone to take a back seat as hopes of an economic rebound point to a jump at the European open.
- Yahoo Finance Video
EU announces $825B stimulus plan to aid coronavirus-driven recession
European stocks ticked up on Wednesday after the European Union announced a larger-than-expected stimulus bill. Yahoo Finance’s Edmund Heaphy discusses.
- FX Empire
Midweek Market Drivers: Global Expand Of COVID-19, Situation In Europe, and US-China Tensions
Mid-week market drivers with Dukascopy TV. We’ve got COVID-19 news and numbers, U.S – China tension, and optimism towards the economic.
- FX Empire
European Shares Higher as New Stimulus Package Optimism Outweighs US-China Tensions
Euro Zone stocks were supported as the European Commission (EC) prepares to unveil a plan to help the EU economy recover.
- Investing.com
Stocks - Europe Pushes Higher, Expecting More Stimulus
Elsewhere, gold futures fell 0.5% to $1,697.10/oz, while EUR/USD traded at 1.0959, down 0.2%.
- FX Empire
European Equities: The ECB and the EU Commission in Focus alongside China
Market jitters over China resurface following a 3rd consecutive day in the green for the DAX30… The ECB and Brussels will need to distract with positive news.
- MarketWatch
Travel companies lead European stocks higher as global markets rally
Travel stocks rallied in Europe on Tuesday as stocks climbed for a second day on optimism over a slowly recovering world economy.
