|Day's Range||5,360.03 - 5,441.35|
|52 Week Range||4,555.99 - 5,672.77|
European stocks rallied on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars. Traders are waiting for the Federal Reserve's annual Jackson Hole symposium later this week and a Group of Seven summit this weekend for clues on what steps policymakers will take to boost economic growth. "People are looking ahead to Jackson Hole later this week and the message that [Fed Chairman] Jerome Powell may or may not give us on the direction of monetary policy.
It’s another quiet day on the economic calendar, which will leave the markets exposed to geopolitical risk and sentiment towards FED monetary policy.
Stock markets edged higher on Tuesday as investors welcomed signs that more monetary and fiscal stimulus was on its way, hoping more easing would help stave off a major global economic downturn. After a tumultuous first half of August when investors dumped equities and poured their money into government debt and other safe havens, some calm has returned to markets this week amid talk of more stimulus in China and Germany.
The majors are set for a positive open. Sentiment could deteriorate rapidly, however, should trade war chatter hit the news wires…
Trade war chatter influenced a busy week on the economic data front. Stats out of the U.S and UK impressed, while the EUR took a beating.
Running out of money during retirement is a scary prospect. It’s a multimillion-dollar question, and one poster on Reddit asked it this week. The original poster is a self-described “longtime fan of FIRE” (FIRE is an acronym for “financial independence, retire early”).
Economic data out of China fails to impress early. With trade tensions easing, Germany’s GDP numbers could upset the markets later this morning…
Geopolitics, the Yuan and a string of key stats may test risk sentiment further in the week ahead, which would support the central bank doves…
A string of weak economic data and an escalation in the U.S – China trade war drove the majors, which also led to a surprise move by the RBNZ.
Can the rebound continue? Trump Twitter account will need to remain on the quieter side later on in the day to let the numbers do the talking…
Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data and a steadying of the yuan restored some calm to global markets. European markets followed Asia higher in early trade, helped by data showing Chinese exports rose 3.3% in July from a year earlier, beating an expected decline of 2%. Chinese imports fell by less than forecast, despite the Sino-U.S. tariff struggle.
It’s data light, with the ECB Economic Bulletin the only market driver from the Eurozone. China trade data and geopolitics will drive the majors today.
MILAN/PARIS (Reuters) - PSA's shares briefly rose as much as 6.6% on Wednesday and trading volumes spiked after a Bloomberg report said Dongfeng Motor Corp is exploring options for its 2.2 billion-euro ($2.5 billion) stake in the French carmaker. The French carmaker's board has not received any notification or signal that Dongfeng planned to reduce its stake, a source close to the company said.
Following 3 consecutive days in the red, the European majors may find support early on, though earnings and German data could spoil any chance of a rebound.
Can the markets look beyond Twitter to focus on the stats, or will trade war chatter continue to pressure the majors on the day ahead?
European stock indexes lost up to 2% in value in early deals on Friday as U.S. President Donald Trump's warning of new tariffs on China sank stock markets worldwide and sent trade-sensitive sectors like mining and carmakers into a tailspin. Abruptly ending a temporary trade truce between the two countries, Trump said he would impose a 10% tariffs on $300 billion of Chinese exports to the United States from September 1. Spooking investors further, Bloomberg reported that Trump is scheduled to make a statement on trade with the European Union at 1745 GMT on Friday.
The futures are signaling a sharp tumble as investors react to Trump’s latest tariff threat. Today’s stats may well be brushed aside…
Asian shares slipped to six-week lows on Thursday while the dollar jumped to two-year highs as the U.S. Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. Investors were pricing in more than 100 basis points of easing from the Fed over the next year, sending world equities soaring to record highs in recent days. MSCI's broadest index of Asia-Pacific shares outside Japan faltered 0.8%, extending losses for a fifth day to the lowest since mid-June and on track for the biggest one-day percentage drop in a month.