^GDAXI - DAX PERFORMANCE-INDEX
| Previous Close | 13,555.87 |
| Open | 13,601.65 |
| Volume | 0 |
| Day's Range | 13,498.03 - 13,640.06 |
| 52 Week Range | 10,863.56 - 13,640.06 |
| Avg. Volume | 76,513,710 |
- Bloomberg
Stocks Edge Higher in Choppy Trading; Oil Sinks: Markets Wrap
(Bloomberg) -- U.S. stocks edged higher in volatile trading as investors considered the potential for a virus that emerged in China to eventually dent economic growth. Oil tumbled on concern the market is oversupplied.The S&P 500 Index ended the day up less than 0.1%, lifted by gains in technology shares and positive earnings reports but held back by concern that the deadly respiratory illness could spread, even as China moved to contain the outbreak. IBM rose the most in four months after revenue beat estimates. Tesla Inc.’s market value soared past $100 billion.With stocks trading near records, investors are on alert for any developments that could derail the momentum. They have taken a cautious stance amid concern the coronavirus that has already killed 17 people could turn into a global pandemic.“The fear is that it could hurt growth, that this could continue to have an impact on global markets that are already reeling from the impacts of trade,” said Matt Forester, chief investment officer at BNY Mellon’s Lockwood Advisors.Elsewhere, the Stoxx Europe 600 Index dipped as Italian banks slumped amid a fresh bout of political turmoil.West Texas oil fell below $58 a barrel as ample global supplies offset the loss of exports from Libya. The pound strengthened after Prime Minister Boris Johnson’s Brexit deal cleared its final hurdles in Parliament.Here are some events to watch out for this week:Companies including Texas Instruments Inc., Intel Corp. and Procter & Gamble Co. will post results.Policy decisions are due from central banks in Indonesia and the euro region.The World Economic Forum, the annual gathering of global leaders in politics, business and culture, continues in Davos, Switzerland.These are the main moves in markets:StocksThe S&P 500 Index rose less than 0.1% at the close of trade in New York.The Stoxx Europe 600 Index fell 0.1%.The MSCI Asia Pacific Index added 0.6%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The British pound jumped 0.6% to $1.3134.The euro rose 0.1% to $1.109.The Japanese yen was little changed at 109.87 per dollar.BondsThe yield on 10-year Treasuries fell one basis point to 1.77%.Germany’s 10-year yield dipped one basis point to -0.26%.Britain’s 10-year yield was little changed at 0.63%.CommoditiesWest Texas Intermediate crude dropped 2.9% to $56.67 a barrel.Gold was little changed at $1,558.55 an ounce.\--With assistance from Christopher Anstey, Andrew Janes, Adam Haigh, Todd White, Robert Brand, Sheela Tobben, Vildana Hajric and Sarah Ponczek.To contact the reporter on this story: Claire Ballentine in New York at cballentine@bloomberg.netTo contact the editors responsible for this story: Sam Potter at spotter33@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- FX Empire
Markets Rebound, China Plans To Contain Virus, Trade Focus Turns To EU
Global markets rebound after virus-related fears subside. Risk is still present so traders should be cautious with equity markets trading at all-time highs.
- Bloomberg
DAX Records Are Historically a Reliable Time to Sell German Stocks
(Bloomberg) -- Investors celebrating Germany’s DAX Index rising to an all-time high may want to have a look at the history books.In the last 20 years, each time the benchmark has set a record, it’s been followed by a drop in the months and years after. From the peaks of 2000, 2007, 2015 and 2018 the gauge fell on average 45% to its trough, with the steepest being a 73% decline following the bursting of the new economy bubble at the beginning of the century.“Yes, the market is ready for a correction,” said Daniel Kerbach, chief investment officer at Merck Finck Privatbankiers AG. “We had a long and steep run, volatility is extremely low and valuations are stretched,” he says.Predicting a stark decline is always difficult, especially if it is triggered by a crisis or black swan event, Kerbach says.Still a correction with a magnitude between 5% and 15% can be considered normal and is quite possible, according to DWS Investment GmbH portfolio manager Christoph Ohme, who helps manage its 5.6 billion-euro ($6.2 billion) Germany fund.“We are currently lacking a wider cyclical recovery, that makes a correction quite possible,” Ohme says.To be sure, this is the first time the DAX has reached a record while 10-year bund yields are negative. This means German equities are still very attractive relative to the bond market, and could limit any downside for the benchmark for now as asset allocations are scrambling to get returns.“In the long run, the environment for stocks remains positive as yields are low and the hard political risk has abated,” Ohme says.To contact the reporter on this story: Jan-Patrick Barnert in Frankfurt at jbarnert3@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Paul Jarvis, Celeste PerriFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- TheStreet.com
Dow Futures Rebound, Global Stocks Steady as Coronavirus Concerns Ebb, U.S. Earnings Improve
China's swift reaction to the coronavirus outbreak, as well as a series of stronger-than-expected U.S. earnings last night, has Wall Street futures, as well as global stocks, on the rebound Wednesday.
- FX Empire
European Equities: A Lack of Stats Leaves the Majors in the Hands of the News Wires
It could be a choppy day ahead as the markets monitor the news wires for more details on the coronavirus and chatter from Davos.
- FX Empire
Markets Pull Back From Highs, Davos Begins, Sickness In China Hurts Sentiment
Global markets pull back after reports a new outbreak of coronavirus could spread throughout Asia.
- FX Empire
European Equities: Davos and Economic Data in Focus
The Futures point to a bearish start, with the IMF growth outlook, Davos and the latest news on the Coronavirus likely to be testing the bulls.
- FX Empire
Two Markets That Show Incredibly Strong Technicals With Long-Term Trends
While I spend many hours a day scouring through Forex charts, the charts related to these two markets have caught my eye.
- FX Empire
European Equities: It’s Risk-on Ahead of the European Open…
With economic data on the lighter side and the U.S markets closed, the momentum looks to provide support going into the European open.
- FX Empire
The Week Ahead: Monetary Policy in Focus, with the PBoC, BoJ, BoC, and the ECB in Action
It’s a big week on the monetary policy front, with stats also to influence…
- FX Empire
Virology, the Asian Markets, and Contagion Risk
While some consider Iran the nemesis, others consider pandemics as the major thorn…
- FX Empire
The Weekly Wrap – Trade, the Dollar, China, and the Pound Drew Attention
It was quiet a week, which culminated in Dollar dominance and Pound woes.
- FX Empire
European Equities: A Week in Review – 18/01/20
A bullish end to the week delivered for the majors. Economic data continues to disappoint, however.
- Benzinga
Europe Stocks, Yuan, Aussie Dollar, US Futures Surge As Global Trade Relations Ease
Stocks in the European Union surged in early trade on Friday as the EU Trade Commissioner Phil Hogan gave positive reviews of his meetings with the United States counterpart Robert Ligthizer and Secretary of Commerce Wilbur Ross. "These meetings were in the main both positive and productive," Hogan said in his speech in Washington D.C. on Thursday, while calling for finding solutions to the trade tensions between the block and the U.S. through bilateral meetings. "We must call out the narrative that the US has a trade deficit or an unfair trading relationship with Europe," Hogan said.
- TheStreet.com
Dow Futures Higher, Global Stocks Gain After China GDP Data Shows Q4 Strength
China's economy grew at the weakest pace in three decades last year, data Friday confirmed, but solid December activity readings and bets on fresh stimulus from Beijing are helping Wall Street look to fresh record highs Friday.
- FX Empire
European Equities: China 4th Quarter GDP Numbers to Set the Tone
China 4th quarter GDP numbers and stats out of the U.S to influence.
- FX Empire
Phase One In The Bag, Retail Sales Rise, Traders Remain Cautious
Global markets are mixed following the signing of the Phase One Trade deal.
