|Day's Range||11,034.55 - 11,142.22|
|52 Week Range||10,279.20 - 13,576.84|
European and Asian markets are losing ground on Tuesday due to fears around global slowdown. By the start of trading in the U.S., futures on the S&P 500 lost 0.4%, as much as they lost on Monday.
DAX index is expected to resume with yesterday’s declines as economic data forecast indicates slowdown in German economic activity and dovish investor sentiment as the market is yet to recover from the impact of IMF growth forecast.
European shares slipped on Monday from six-week highs after China's fourth-quarter growth figures confirmed a slowdown in the world's second-biggest economy, with 2018 its weakest year since 1990. The pan-European STOXX 600 fell 0.3 percent and Germany's exporter-heavy DAX dropped 0.6 percent while U.S. markets were closed for Martin Luther King Day. German chemicals firm Henkel was the biggest STOXX 600 faller, down about 10 percent, after the maker of Schwarzkopf shampoo and Persil detergent warned earnings would fall this year as it steps up investment in brands and digital technology to try to revive growth.
DAX index is expected to move range bound on cautious investor sentiment as key Brexit issues are likely to be addressed in UK parliament today. But markets bulls are expected to be supported by cues from the Asian market.
The pan-European Stoxx 600 index sank around a quarter percent on Monday, with most sectors and major bourses in the red. China's 2018 GDP grew 6.6 percent from the previous year, in line with analyst expectations but at its most sluggish rate in almost three decades. British Prime Minister Theresa May's announcement of a "Plan B" for Brexit failed to deliver much new for traders to consider.
BEIJING (AP) — Global stocks rose Friday after investors saw signs of possible progress toward a resolution of the U.S.-Chinese tariff war.
The pan-European Stoxx 600 was up almost 1 percent during mid-morning deals, hitting its highest level since December 5. Market focus is largely attuned to global trade developments, after the Wall Street Journal reported Thursday that U.S. Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs on Chinese imports. European stocks were higher Friday morning, after a report of progress on U.S.-China trade talks raised hopes of a breakthrough in their long-running dispute.
Spreadbetters expected European stocks to take their cue from Asia, with Britain's FTSE seen rising 0.45 percent, while Germany's DAX and France's CAC were tipped to each gain 0.5 percent. The Wall Street Journal reported on Thursday that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30.
BEIJING (AP) — Chinese stocks rose Friday on signs of possible progress in negotiations over Beijing's tariff war with Washington.
A weak earnings report from Morgan Stanley had US futures down about -0.35% in the early pre-market session. The UK FTSE 100 was the biggest loser in early Thursday trading, down more than -0.80% at midday. In Asia, the Hang Seng led the losses as traders and investors take advantage of the liquidity event.
Mixed cues from Asian markets and bearish investor sentiment in European market are likely to pressure dax into bearish price action.
The pan-European Stoxx 600 edged down around 0.1 percent during mid-morning deals, with almost all sectors and major bourses in negative territory. Europe's banking index was among the worst performers Thursday morning, down around 0.6 percent amid earnings news. Market focus is largely attuned to the latest Brexit developments, after Prime Minister Theresa May narrowly won a no-confidence vote late Wednesday.
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.
Philippe Gijsels, chief strategist at BNP Paribas Fortis Group, discusses the impact of Brexit on investor sentiment around U.K. assets.