|Day's Range||10,866.39 - 10,947.87|
|52 Week Range||10,279.20 - 13,596.89|
Philippe Gijsels, chief strategist at BNP Paribas Fortis Group, discusses the impact of Brexit on investor sentiment around U.K. assets.
U.K. lawmakers will debate a non-confidence motion in May's government later today as EU officials plead for flexibility from London to avoid a so-called "hard Brexit" on March 29. Softer industrial data from Japan, as well as reported comments on U.S.-China trade talks, keeps Asian markets in check, while a weaker euro boosts European stocks in early trade. U.S. equity futures suggest a modestly firmer open, with the S&P 500 called 2.3 points higher, ahead of key bank earnings from Goldman Sachs, Bank of America and PNC Financial.
Cues from international market are likely to underpin market bulls in German stock market but upside move could be limited owing to investors cautious stance following dovish comments from Draghi yesterday.
European stocks were slightly higher Wednesday morning, with market participants assessing their options after British lawmakers voted against Prime Minister Theresa May's Brexit deal by a crushing margin.
European shares rose on Tuesday after China signalled more stimulus measures to soften the blow from a tariff war with the United States, although fresh worries over bad loans hit Italian banks and uncertainty dominated ahead of a key Brexit vote. "To give a real boost to European exporters, we would need more than just an announcement on tax cuts, we would need commitments to infrastructure investment (from China)," said Martin Moeller, co-head of Swiss and global equity portfolio management at Union Bancaire Privee in Geneva.
Headlines from China Continues to inspire market price action in trade dependent German market, dax is expected to trade positive on high risk appetite in market.
Market focus is largely attuned to an all-important vote on Prime Minister Theresa May's much-maligned Brexit deal on Tuesday. Official data released Tuesday showed Europe's largest economy grew at its weakest rate in five years in 2018. Economic output in Germany increased 1.5 percent last year, compared to 2.2 percent in 2017.
Spreadbetters expected European stocks to follow Asia's lead and open higher, with Britain's FTSE seen gaining 0.55 percent, Germany's DAX 0.7 percent and France's CAC 0.6 percent. MSCI's broadest index of Asia-Pacific shares outside Japan recovered from early losses and advanced 1.3 percent. South Korea's Kospi hit a one-month high and Japan's Nikkei added 1 percent.
LONDON (AP) — Stock markets around the world drifted lower Monday after China reported a slowdown in exports dented the recent upturn in confidence. The British pound was steady ahead of a tumultuous week in British politics with lawmakers expected to vote against Prime Minister Theresa May's Brexit deal.
Lack of fundamental support, dovish macro data for three consecutive months and cues from international markets to pressure DAX into another bearish trading session.
The pan-European Stoxx 600 was down around 0.6 percent during lunchtime deals, with almost all sectors and major bourses in negative territory. Denmark's Pandora slumped towards the bottom of the European benchmark on Monday, after Morgan Stanley slashed its price target for the company. European markets were lower Monday afternoon, after a shock contraction in Chinese exports heightened fears of a slowdown in global growth.
U.S. stock indexes nestled a hair lower on Friday after the falling price of oil weighed on energy companies, but the S&P 500 nevertheless closed out its third straight winning week following a brutal stretch in December. "After some of the initial gains we saw earlier in the week I think it's just a rally looking tired," said Willie Delwiche, investment strategist at Baird. The S&P 500 edged down by 0.38 points, or less than 0.1 percent, to 2,596.26.
Soothing words from the world's top central banks helped stocks consolidate a strong start to 2019 on Friday, while China's yuan capped its best week since it shed its dollar peg in 2005. Stock markets were lifted by more promises of patience from the Federal Reserve, the ECB mulling more cheap money and trade talks between Washington and Beijing moving to higher levels.
Soothing sounds from the world's top central banks helped stocks maintain their strong start to the year on Friday, while another leap from China's yuan capped its best week since being cut loose from the dollar in 2005. With more promises of patience from Federal Reserve, the ECB mulling another dump of cheap money and news that trade talks between Washington and Beijing are moving to higher levels, the Friday feeling was in full effect.
Positive investor sentiment and risk on trading activity are expected to help DAX scale back above 11000 price level.
Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to higher levels. As the Fed's dovish stance kept a lid on the dollar, China's yuan rose to its highest levels in more than five months and was on course for its biggest weekly gains since the 2005 revaluation in onshore trade.
Federal Reserve Chairman Jerome Powell said Thursday that he is "very worried" about the ballooning U.S. debt. Prime Minister Shinzo Abe said Thursday in London that he hopes the UK and the EU will avoid a no-deal. Stocks in Europe traded slightly higher on Friday as investors tried to navigate through political uncertainty across the globe.
Cues from international market & cautious trading activity ahead of ECB meeting minutes are expected to weigh down dax index.
Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks seesawed as markets awaited some details on this week's U.S.-China trade talks amid hopes an all-out trade war can be averted. China's commerce ministry said on Thursday the talks were extensive, and helped establish a foundation for the resolution of each others' concerns.
Traders believe there is some positive momentum in the relationship between the U.S. and China over trade. The U.K. Parliament agreed Wednesday that the government must come up with a plan-B within three days if the Withdrawal Agreement is not approved on Tuesday. European shares traded lower on Thursday as investors focused on trade war developments and monetary policy in the U.S.
“The current ‘Max Short’ in the majority of Global Equities futures largely remains,” McElligott wrote in a note to clients. McElligott claims the same funds contributed massively to December’s declines as they trimmed exposure, while one of his Tokyo-based colleagues told clients CTAs couldn’t possibly be to blame. As it relates to the present rally, which is poised for the strongest 10-day streak in the S&P 500 since 2009, quant funds have already started covering their short positions in overseas markets, McElligott says.
Global stocks extend gains, with markets around the world rising past three week highs, as an extra day in U.S.-China trade talks adds to speculation the two sides are nearing a deal. Stocks and bond yields continue to defy growth concerns even as World Bank trims global GDP forecast and cautions on "bumper ride" in 2019. U.S. crude tops $50 a barrel, extending recent gains to nearly 20%, as a weaker dollar, trade talk progress and OPEC cuts combine to take commodity markets higher.
US equity futures indicated a broadly higher open in the early Wednesday pre-market session. The move was driven by optimism a trade deal would soon be reached that both China and the US could agree on, and also expectations for the upcoming earnings season. Later in the day, the FOMC minutes will be released.
LONDON (AP) — Share prices around the world surged further Wednesday amid hopes the U.S. and China are on course to resolve their trade dispute following three days of discussions in Beijing.