|Day's Range||5,060.92 - 5,199.65|
|52 Week Range||3,632.06 - 6,111.41|
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.
Futures point to a testy start as the markets look ahead to U.S labor market numbers due out late in the session…
European stocks moved off their lowest levels of the day on a slightly more aggressive European Central Bank move than expected.
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?
There’s been plenty of optimism this week on an economic rebound. Service sector PMIs and employment figures will provide further guidance.
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 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.
European stocks on Tuesday extended recent gains as economies reopen, with German stocks booming after a three-day break.
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.
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.
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.
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…
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.
The futures slide into the red ahead of the European open as the market looks ahead to Trump’s news conference later today.
European stocks advanced on Thursday for a fourth straight session, on building enthusiasm over the reopenings of economies across the world.
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.
Economic data from the Eurozone to take a back seat as hopes of an economic rebound point to a jump at the European open.
European stocks ticked up on Wednesday after the European Union announced a larger-than-expected stimulus bill. Yahoo Finance’s Edmund Heaphy discusses.
Mid-week market drivers with Dukascopy TV. We’ve got COVID-19 news and numbers, U.S – China tension, and optimism towards the economic.
Euro Zone stocks were supported as the European Commission (EC) prepares to unveil a plan to help the EU economy recover.
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.
Travel stocks rallied in Europe on Tuesday as stocks climbed for a second day on optimism over a slowly recovering world economy.