|Day's Range||11,586.32 - 11,791.22|
|52 Week Range||11,459.08 - 13,596.89|
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.
U.S. stocks are sharply lower Thursday as technology and internet companies, industrials, and companies that rely on consumer spending all skid. Aircraft maker Textron and tool maker Snap-On slumped after releasing their quarterly reports, and other big manufacturers also traded lower. INDUSTRIAL WOES: Aircraft maker Textron slid 9.2 percent to $58.81 after its profit and sales fell far short of analyst forecasts.
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.
Last week, DAX broke the long-term neckline of the major head and shoulders pattern. This week starts with a pull-back, which is nothing surprising as this is a typical price action movement. Any bearish price action there will give us a legitimate signal to go short.
Geo-political events could drag DAX to side ways movement which is otherwise supported fundamentally and could continue positive price action.
Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although cooling factory-gate inflation in China and increasing tensions between Saudi Arabia and the West have capped gains. Spreadbetters expected European stocks to open slightly higher, with Britain's FTSE edging up 0.05 percent, Germany's DAX adding 0.25 percent and France's CAC tacking on 0.15 percent. MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.25 percent, crawling away from a 19-month trough touched on Thursday.
Market focus is still focused on the disappearance of a prominent journalist critical of Saudi Arabia's policies earlier this month. The disappearance has triggered international outcry against the OPEC kingpin, rattling financial markets. European stocks were mixed Tuesday, as escalating tensions between Saudi Arabia and the West exacerbate geopolitical concerns and limit gains.
European stocks eke out slight gains on Monday, as investors weigh geopolitical tensions and look ahead to U.S. earnings season, in the hopes that strong corporate results might provide the next positive leg for eurozone stocks.
Boost in German Government Bonds & Hawkish Futures Movement In International Market Helped DAX Take Positive Stance
The decline of stocks is probably the most important event in the financial markets. Dax, the most important German index made a choice last week and broke the neckline of the giant Head and Shoulders pattern. Last week, price broke the lower line of the wedge and the neckline (yellow), which is a very technical sign of a bearish dominance.
The pan-European Stoxx 600 was down around 0.1 percent during mid-afternoon deals, with the balance of sectors and major bourses in negative territory. European stocks lacked direction Monday afternoon, as concerns over Brexit progress, a potential slowdown in the Chinese economy and higher U.S. borrowing costs limited investor appetite. The pan-European Stoxx 600 was down around 0.1 percent shortly after 2 p.m. London, with more sectors and major bourses in negative territory than positive.
European equities on Friday finish the day lower as a rally falters, helping to cement the sharpest weekly drop from the most of the main eurozone benchmarks since February.
European stocks failed to stage a recovery on Friday, posting their worst week since a market correction last February as a new sell-off hit bourses across the globe, amid worries about protectionism and fast-rising U.S. interest rates. Euro zone stocks initially jumped one percent but rapidly shed all of their gains despite Wall Street opening higher. There's "a rotten trend" in Europe, a trader complained, noting that U.S. shares have outperformed their European peers since the beginning of the year with the Trump administration's fiscal cuts boosting earnings.
After Asian shares rose overnight, European stocks opened higher, with the pan-European STOXX 600 up 0.7 percent. Germany's DAX was up half a percent while Britain's FTSE 100 gained 0.7 percent. The MSCI All-Country World index, which tracks shares in 47 countries, was up half a percent on the day.
Global shares were having their best day in nearly a month on Friday as European and Asian markets recovered from a brutal selloff that still left them set for their worst week since February. The MSCI All-Country World index, which tracks shares in 47 countries, was up half a percent on the day. "Some traders are cautiously buying back into the market today, but the underlying issues which brought about the sell-off are still relevant," said David Madden, markets analyst at CMC Markets in London.
DAX futures in international market indicates that DAX index is going to trade positive supported by bullish cues from overseas markets.
Global markets have been shaken by two consecutive sessions of losses in the U.S. In Europe, Italy and the U.K. remain in the spotlight in terms of political news. Royal Dutch Shell is reportedly in talks to sell its stake in a Venezuelan JV with Maurel & Prom.