|Day's Range||12,369.19 - 12,531.16|
|52 Week Range||10,279.20 - 12,886.83|
Global markets are mixed in Monday trading as FOMC hopes wane and earnings season kicks into high-gear.
European markets edged up on Monday as heightened tensions in the Gulf boosted oil prices, while investors exercised caution ahead of this week’s European Central Bank meeting.
A lack of stats out of the Eurozone and the U.S leaves the majors exposed to geopolitical risk on the day. There’s plenty for the markets to keep an eye on…
It’s a big week ahead for the markets. Earnings, economic data, Iran, trade war chatter, and the ECB are all in focus.
Global equities firm as rate cut hopes are stoked but traders are cautioned not to expect too much from the FOMC.
The major U.S. stock indexes are expected to open higher based on the pre-market futures trade, however, the markets are retreating from early highs. Buyers came in early, following through to the upside after Thursday’s late rally, but gains were dampened after a New York Fed spokesperson downplayed the chances of an aggressive rate cut.
European markets climbed on Friday as renewed optimism of a Federal Reserve rate cut outshone trade war tensions.
Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. European shares opened higher across the board, with the pan-European STOXX 600 index gaining 0.7% in early trade. Comments by New York Fed President John Williams on Thursday made it virtually certain, in the markets' view, that the Fed would cut interest rates by at least 25 basis points at its July 30-31 policy meeting and also revived expectations of an even deeper 50 bps reduction.
The bourse’s big names depend on international sales more than local trends. That won’t change even if Berlin embraces economic stimulus.
The Futures markets are pointing to a bullish start to the European session. Corporate earnings, FOMC member chatter and Trump could impact…
European markets were dragged down on Thursday as trade talks between the U.S. and China ground to a halt over Huawei.
European stocks ended lower on Thursday, as earnings worries ran high after poor results from software firm SAP sank technology shares, although hopes of looser monetary policy from the European Central Bank helped indexes bounce off early lows. After falling as much as 0.7% during the session, the pan-European STOXX 600 index closed down 0.2%, drawing support from a Bloomberg report that ECB staff were studying a potential change to the bank's inflation goal of near 2%. "The ECB changing its targets with regards to inflation could potentially enable it to be more accommodative for longer," said Craig Erlam, senior market analyst at OANDA in London.
Asian share markets faltered on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries. South Korea's market was off 0.4% after the Bank of Korea unexpectedly cut its policy interest rate for the first time in three years, as uncertainties from a trade dispute with Japan added to anxiety about the economy's outlook.