|Day's Range||11,652.02 - 11,823.29|
|52 Week Range||10,279.20 - 13,204.31|
Wall Street braces for the Fed. Can the Fed juice the rally? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
Dan Kemp, chief investment officer for EMEA at Morningstar, says developed markets are offering better value for investors than emerging markets.
The STOXX 600 autos & suppliers sector index jumped 2.4 percent to post their biggest one-day gain in more than three months, helping the benchmark STOXX 600 climb 0.6 percent and scale a near six-month peak. The rally was also spurred by investor anticipation of a more accommodative Federal Reserve, as well as some likely short covering as fund managers named bearish bets in European equities as the "most crowded" trade for the first time. Madden said the Fed was likely to maintain its data driven policy approach.
European shares opened flat to marginally higher on Tuesday, as investors made cautious moves ahead of a U.S. Federal Reserve meeting while British Prime Minister Theresa May's third attempt to get a Brexit deal through parliament was blocked for now. The pan-European STOXX 600 index rose 0.1 percent by 0806 GMT after four sessions of solid gains, while Germany's DAX index was less than 0.05 percent higher and London's FTSE dipped 0.1 percent. The Fed's two-day meeting starts on Tuesday, with financial markets expecting the U.S. central bank to reinforce a dovish approach to any further rises in interest rates.
The pan-European Stoxx 600 was up around 0.7 percent during mid-morning deals, with most sectors and major bourses in positive territory. Market focus is largely attuned to central bank expectations, with the Fed due to kick-off its two-day policy meeting later in the session. May only has two days to secure approval for her deal to leave the European Union if she wants to meet with the bloc's leaders on Thursday with something to offer them in exchange for more time.
DAX index likely to trade range bound on mixed cues influenced by headlines which has inspired cautious investor sentiment.
The pan-European Stoxx 600 was up around 0.1 percent during mid-morning deals, with most sectors and major bourses in positive territory. Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany's largest lenders confirmed they were in merger talks over the weekend.
Dax index is likely to trade positive as investor sentiment shows a positive tone and healthy appetite for risk assets on favorable updates in relation to geopolitical events.
Asian stocks advanced on Friday as sentiment improved on a report that U.S.-China trade talks were making progress and after UK lawmakers voted to delay a potentially chaotic exit from the European Union. Spreadbetters expected a higher open for European stocks, with Britain's FTSE gaining 0.2 percent and Germany's DAX and France's CAC each adding 0.15 percent. Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, with the two sides making further substantive progress on trade talks, Xinhua news agency said on Friday.
Dax index is expected to trade positively supported by risk on investor sentiment in European markets and positive cues from international markets.
European market shows a high level of cautious investor sentiment owing to Brexit woes while cues from international market also show a dovish tone. This suggests that DAX index is likely to open in red and trade with bearish bias across the day.
Multiple positive factors underpin market bulls and are expected to support positive price action of DAX in today’s market.
Asian shares inched up on Monday as Chinese markets rebounded on hopes of more policy support for the slowing economy, but surprisingly weak U.S. employment data raised doubts about the strength of the global economy and limited gains. European shares were seen rising, with spread-betters expecting Britain's FTSE to rise 0.7 percent, France's CAC 0.6 percent and Germany's DAX 0.5 percent. China's blue-chip CSI300 index gained 1.3 percent after Friday's 4.0 percent fall, which was triggered after CITIC Securities issued a rare "sell" rating on a major insurer and by a clampdown on grey-market, margin financing.
European stocks notched up their biggest weekly fall since December on Friday, extending losses as weak China and German data and poor U.S. jobs numbers tightened bears' grip on the market, underscoring worries about a global economic slowdown. Euro-zone bank stocks extended Thursday's fall after the European Central Bank cut its growth forecasts and pushed out an interest rate hike. Basic resources fell 1.7 percent and autos stocks tumbled 1.3 percent after China reported its biggest drop in exports in three years and German industrial orders unexpectedly fell.
Following yesterday’s dovish ECB update which still weighs down investor sentiment and a basket of other major dovish factors from international market DAX is likely to trade in red across the day today.
Investors are still digesting an announcement from the European Central Bank (ECB) Thursday. President Mario Draghi announced a fresh round of loans to boost lending in euro zone banks and, thus, stimulate the real economy. Stocks in Europe fell during Friday's session as investors continue to digest news of further stimulus in the euro zone.
DAX Index to open dovish on cautious investor sentiment but the outcome of ECB press conference and MPC update to provide directional bias.