|Day's Range||5,761.95 - 5,828.46|
|52 Week Range||5,152.30 - 6,111.41|
The majors are set for a positive start to the day off the back of Monday’s slide. Stats will need to support, however…
The majors are set up for a slide at the open, with coronavirus news weighing heavily on risk appetite. Stats will play second fiddle today.
It’s another busy week ahead. The continued spread of the coronavirus and last week’s dire PMI numbers out of the U.S could get things off to a bad start…
It was quite a week for the markets. The coronavirus spread gathered pace beyond China’s borders, with U.S private sector catching the markets off guard.
Equities retreat following a surprise pullback in U.S. markets on Thursday. The risk of a coronavirus-driven market correction grow daily.
The People's Bank of China cut the benchmark on-year loan prime rate by 10 points to 4.05% in line with market expectations, CNBC reported. The move saw the stock markets surge in mainland China. Shanghai Composite index traded 1.84% higher at 3,030.15 and Shenzhen Component was up 2.43% at 11,509.09.
Renault's shares fell on Wednesday after Moody's cut its rating on the French carmaker's debt to "junk" status, citing weaker profitability as the company restructures and grapples with falling demand. Like some rivals, and its Japanese alliance partner Nissan , Renault is under pressure as demand dwindles in markets like China. It is also bedding down a new management team after a scandal surrounding former boss Carlos Ghosn.
Futures point to a bullish start to the day for the majors. Monetary policy support from the PBoC is expected, with no stats out of the Eurozone to spook the majors.
The futures point to the red as the markets react to Apple’s profit warning. German business sentiment figures will be another test later today.
It could be a testy day ahead. While COVID-19 numbers reflect a slowdown in the number of new cases, the economic outlook looks bleak.
It was quite a week for the global financial markets, with the bulls coming out on top. COVID-19 will remain the headline for now…
Economic data and COVID-19 updates will influence. Weak numbers out of Germany and negative sentiment towards growth is a bad combination.
Equity markets plunge after China upped the number of coronavirus cases and deaths, this outbreak is far more impactful than investors realize.
Upward momentum in the week has come off the back of falling rates of infection in China. It may be too soon, however, to thing the worst is over…
It could be a testy day ahead. The coronavirus numbers will need to show a further easing in the rate of infection and there’s Eurozone stats in focus.