|Day's Range||11,498.69 - 11,617.28|
|52 Week Range||11,459.08 - 13,596.89|
European markets are feeling the pinch from disappointing earnings. Yahoo Finance’s Alanna Petroff has details from London.
Italian stocks finish a choppy session near break even after an European Union commissioner offers comments that reduced some worries of a EU-Rome clash.
European stocks ended a choppy trading session broadly flat on Friday but managed to eke out a weekly gain despite mixed third-quarter earnings and while the budget row between Italy's populist government and the European Union heated up. Shares in tyre maker Michelin tumbled 11.2 percent after it cut its sales outlook and downgraded its market growth forecasts, blaming slowing Chinese car demand and new emissions testing regulations. "Companies that disappoint are always more harshly punished but, given the trend in the market currently, reactions are stronger than usual," said Emmanuel Cau, European equity strategist at Barclays.
Shares in troubled German lender Deutsche Bank drop sharply Friday to the lowest since their all-time nadir in June, as analysts made gloomy forecasts for the bank’s third-quarter results on October 24.
Asian stocks clawed back losses on Friday as China's efforts to bolster investor confidence helped its share markets rally, although data showing the world's second-largest economy growing at the slowest pace since 2009 capped broader gains. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after earlier falling as much as 0.9 percent ahead of the release of China's latest GDP reading. Spreadbetters in Europe expect shares in Germany, where big exporters are sensitive to the health of China's economy, to fall at the open, with the DAX seen opening down 0.15 percent.
Europe’s main equity benchmarks finish Thursday’s session lower after spending much of the day trading in the green thanks to better-than-expected corporate results.
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
FOMC Minutes from yesterday helped the USD to climb higher. That also negatively influenced stocks and commodities. The current price movements are in line with what we were writing about two days ago in the analysis about the USDJPY and DAX. Let’s start with the USDJPY first. The bounce from the long-term up trendline is ON and yesterday, the price managed to break the 50% Fibo, which gives us a buy signal. Today, we are testing that area as a support and we can see a bounce, which gives us a bullish confirmation.
DAX futures trading in international market was trading positive ahead of Asian market hours supporting positive price action in DAX index.
BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade.
Europe’s main equity benchmark falls Wednesday, as hand-wringing around faltering negotiations between the European Union and the U.K. over a trade deal to exit from the trade bloc remain a key focus and U.S. stocks are headed for a rough session.
Positive investors sentiment among local investors and Q3 results from key European markets should help DAX maintain positive movement across the day.
Europe's technology stocks were the top performers. Investors are monitoring earnings and Brexit talks. European stocks turned lower in early afternoon trading, dragged down by auto stocks. The pan-European Stoxx 600 was off by 0.
Italy’s benchmark on Tuesday notched its best day in about five weeks, while the pan-European benchmark produced its sharpest single-session advance in more than six months.