^FCHI - CAC 40
| Previous Close | 5,049.38 |
| Open | 5,056.67 |
| Volume | 0 |
| Day's Range | 4,982.24 - 5,062.51 |
| 52 Week Range | 3,632.06 - 6,111.41 |
| Avg. Volume | 112,647,945 |
- FX Empire
The Weekly Wrap – Positive Economic Data Supported Riskier Assets in the Week
It was a week of positive stats and news of progress towards a COVID-19 vaccine. Spikes in new cases across the U.S did test risk sentiment, however.
- MarketWatch
European stocks surge as U.S. economy adds 4.8 million jobs in June
European stocks surged on Thursday as the U.S. economy regained 4.8 million jobs in June, adding to the global optimism engulfing investors.
- FX Empire
European Equities: Majors to Respond to COVID-19 Vaccine News ahead of U.S Stats
Futures point to a bullish day ahead. U.S Stats will need to support, however…
- FX Empire
Mid-Week Themes – Stats, Brexit, COVID-19 and Stimulus Keep the Markets Busy
There’s plenty to consider as we enter the 3rd quarter. Brexit, a labor market recovery, possible trade wars, and Trump are all there to influence…
- Investing.com
Stocks - Europe Mixed; Sainsbury's Sees Strong Sales Growth
European stock markets traded mostly higher Wednesday, as some better-than-expected economic data indicated that the economic recovery in Europe is on track, despite lingering concerns about the Covid-19 outbreak both at home and, more acutely, in the U.S. It was cautious about the outlook for the rest of the year, but said it had repaid 500 million pounds that it had drawn down from a credit facility as a precautionary measure at the start of the outbreak.
- FX Empire
European Equities: Eurozone and U.S Stats and COVID-19 Figures in the Spotlight
It’s a particularly busy day ahead on the economic calendar, which will provide direction. COVID-19 numbers will continue to be a concern, however…
- FX Empire
European Equities: A Month in Review – June 2020
It’s a busy month ahead, with corporate earnings thrown into the mix. COVID-19, geopolitics, and economic data will also continue to drive the majors.
- MarketWatch
European stocks climb to end their best quarter since 2015
European stocks and U.S. futures edged lower on Tuesday, as the Stoxx 600 index headed for its best quarter since 2015.
- FX Empire
European Equities: Economic Data and COVID-19 to Keep the Markets Busy
Economic data from the Eurozone and the U.S to provide direction amidst lingering COVID-19 concerns.
- Yahoo Finance Video
Boris Johnson looks to boost infrastructure in UK economic recovery
Boris Johnson focuses on infrastructure spending in an effort to revitalize the UK economy. Yahoo Finance’s Tom Belger discusses.
- FX Empire
Virus Resurgence Concerns, Set to Keep Markets on the Defensive
Today, the UK government is set to layout its own plans for an investment bonanza with extra money for infrastructure, schools and hospitals, against a backdrop of the worst economic outlook since the second world war. The details are expected to be laid out by PM Johnson in an announcement later.
- FX Empire
The Weekly Wrap – Economic Data, COVID-19, and Geopolitics Left the Markets Struggling
It was a dicey week for the markets, with COVID-19 spikes across a number of U.S states raising doubts over a swift economic recovery.
- FX Empire
European Equities: A Week in Review – 27/06/20
It was a bearish week for the majors, as COVID-19 news and the threat of U.S tariffs poured cold water on upbeat economic data.
- Investing.com
Stocks - Europe Higher; Worst of Virus "Probably Past"
The euro zone is "probably past" the worst of the economic crisis caused by the coronavirus pandemic, European Central Bank President Christine Lagarde said on Friday, while urging authorities to prepare for a possible second wave. "We probably are past the lowest point and I say that with some trepidation because of course there could be a severe second wave," Lagarde told an online event. The U.S., the world’s economic driver, has posted a record number of new coronavirus cases, with state health departments reporting a total of over 37,000 new cases on Thursday.
- FX Empire
European Equities: A Quiet Economic Calendar Puts COVID-19 and Geopolitics Back in Focus
COVID-19 and geopolitics back in focus. As the U.S sees another spike in new COVID-19 cases on Thursday, Trump could spook the markets later…
- FX Empire
European Equities: Geopolitics and COVID-19 to Remain Key Drivers
The markets will see another rise in the latest COVID-19 cases and could hear more from Trump on tariffs… A choppy day ahead.
- Investing.com
Stocks - Europe Slips Amid Fresh Coronavirus Worries
European stock markets weakened Wednesday, with investors fretting about the increasing number of coronavirus cases worldwide amid fears this will lead to the reintroduction of generalized lockdown measures. German Health Minister Jens Spahn on Wednesday stressed that the coronavirus remains a risk after the western German state of North Rhine-Westphalia on Tuesday put two municipalities back into lockdown following an outbreak at a meatpacking plant.
- MarketWatch
Stocks in Europe and U.S. futures climb on economic optimism
European stocks advanced on Tuesday, getting a lift on hopes the economy will continue to recover without a spate of new virus cases throwing lockdown-easing measures off course.
- FX Empire
European Equities: June Prelim Private Sector PMIs to Drive the Majors
The futures say green but the PMIs will need to see further improvement for the majors to avoid a day in the red…
- MarketWatch
European stocks wobble amid virus concerns and as Wirecard shares plunge
Stocks in Europe moved between gains and losses on Monday, on worries the spread of coronavirus will force countries to limit or reverse their lockdown-easing measures.
- Bloomberg
If U.S. Stocks Are a Bubble, They’re Hardly Alone
(Bloomberg Opinion) -- Many of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus. But American equities are in very good company.Investing in U.S. stocks is “simply playing with fire,” Jeremy Grantham, whose firm GMO oversees about $60 billion, told CNBC on Wednesday. Ray Dalio’s Bridgewater Associates warned last week that a decline in U.S. corporate profit margins could lead to a “lost decade” for equity investors. And in a June 18 note, Howard Marks of Oaktree Capital Management LP wrote, “The potential for further gains from things turning out better than expected or valuations continuing to expand doesn’t fully compensate for the risk of decline.” No wonder the world is increasingly talking about bubbles.The 40% rally in the benchmark S&P 500 index, since it reached a low for the year on March 23, is “the fastest in this time ever,” Grantham said, as well as the only one in history “that takes place against a background of undeniable economic problems.” Nobel Prize-winning economist Paul Krugman wrote in the New York Times about what he deemed “market madness in the pandemic.”And yet the gains in the past three months aren’t restricted to U.S. stocks. Instead, they are mirrored in broader equity indexes. Even those that don’t have the benefit of a Microsoft Corp. (which has a 5.74% weighting in the S&P and is up 44% since U.S. stocks bottomed), an Apple Inc. (5.69% weighting, up 57%), an Amazon.com Inc. (4.3% of the index, 40% gain) or a Facebook Inc. (2.19% weight, up 60%) have recovered.The gains in Japanese stocks have matched those of the U.S., driven in large part by companies in sectors including machinery, marine transport and oil and gas — “an awful lot of dull, dirty, cyclical stuff,” as Jonathan Allum, a London-based strategist at SMBC Nikko Securities Inc., put it in a recent research report.Even regional European benchmark indexes, including the U.K. FTSE 100, Germany’s DAX index and France’s CAC 40 index, have staged rallies similar in size to the S&P 500’s. In fact, if you compare the price gains since the S&P reached its nadir for the year, Germany’s market index has even outpaced its U.S. counterpart.All of which suggests that the recent blaming of the U.S. market renaissance on so-called Robinhood Bros — U.S. day traders seeking to replicate the thrill of sports betting by gambling instead on stocks — misses the broader picture. There’s been a widespread comeback in equities across the geographical board. Moreover, it’s not just stocks that have come roaring back. In the debt markets, yields on non-government bonds have dropped precipitously, after spiking higher as the pandemic started to trash the global economy. For companies borrowing in dollars in the fixed-income market, money has never been cheaper, with the yield on the benchmark index covering $6.5 trillion of bonds declining to a record low in recent days, as the Federal Reserve began buying corporate debt as part of its quantitative easing program.Skeptics of the rally in financial assets can point to the real and present danger that a resurgence of virus infections, and further lockdowns, would stymie an economic rebound. There’s also the potential for shockwaves surrounding the forthcoming U.S. election.But more agnostic observers see the markets looking further ahead and weighing the massive intervention of central banks as the prime determinant of the outlook for equities. “While news headlines can make us think the second-wave and election stories are the biggest drivers for markets, it is the Fed story that will endure over the medium term,” Mark Haefele, the chief investment officer at UBS AG’s global wealth management unit, wrote last week.It seems that as long as the world’s central banks are willing to continue their prime-pumping efforts to stop the global economy from falling off a cliff, investors everywhere are happy to maintain their faith in the value of financial assets. Only time will tell whether they’ll be rewarded for their market piety.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Investing.com
Stocks - Europe Edges Lower as Wirecard Withdraws Accounts, Guidance
Elsewhere, gold futures rose 0.3% to $1,757.55/oz, while EUR/USD traded at 1.1204, up 0.3%.
- FX Empire
European Equities: A Quiet Economic Calendar Leaves COVID-19 and Geopolitics in Focus
Futures point to the red for DAX, with a lack of economic data leaving COVID-19 in focus.
- FX Empire
The Week Ahead – COVID-19 Numbers, Geopolitics and June PMIs in Focus
It’s a big week ahead, with June’s prelim PMIs due out. We can expect COVID-19 and stimulus to also influence. Dire PMIs it will get choppy.
- FX Empire
The Weekly Wrap – The FED Delivers, Offsetting Market Concerns over COVID-19…
The FED delivers another major move to support the U.S economy as reports of new COVID-19 cases spiking in U.S states tested risk appetite.
