^GDAXI - DAX PERFORMANCE-INDEX
| Previous Close | 13,789.00 |
| Open | 13,751.05 |
| Volume | 0 |
| Day's Range | 13,744.42 - 13,783.48 |
| 52 Week Range | 11,266.48 - 13,795.24 |
| Avg. Volume | 78,043,801 |
- FX Empire
European Equities: Consumer Confidence Figures Could Limit any Upside Later Today
While the futures markets point northwards, consumer confidence figures could change the mood later today…
- FX Empire
Gold On The Rise. Stronger Stocks and USD Are Not Stopping The Bullish Party.
Gold is climbing higher despite the strong American Dollar and relatively high demand for stocks.
- FX Empire
European Equities: Risk Pendulum Swings in Favor of the Bulls Ahead of the Open
Futures point to a bullish start to the day for the majors. Monetary policy support from the PBoC is expected, with no stats out of the Eurozone to spook the majors.
- FX Empire
European Equities: Risk Appetite and German Business Sentiment Figures to Test the Majors
The futures point to the red as the markets react to Apple’s profit warning. German business sentiment figures will be another test later today.
- FX Empire
EUR/USD Daily Forecast – Euro Consolidates Near 33-Month Low
The euro showed broad-based weakness last week but the momentum has slowed and EUR/USD is seen falling into a consolidation near lows not seen since 2017.
- FX Empire
European Equities: COVID-19 Updates and Sentiment towards the Economic Outlook to Influence
It could be a testy day ahead. While COVID-19 numbers reflect a slowdown in the number of new cases, the economic outlook looks bleak.
- FX Empire
The Week Ahead – Economic Data, COVID-19 Updates and Geopolitics in Focus
It’s a busy week ahead, with private sector PMI numbers likely to reflect the impact of COVID-19 on economies. Falling cases should soften the blow, however.
- FX Empire
European Equities: A Week in Review – 15/02/20
It was another bullish week for the majors, in spite of 3 consecutive days in the red. Economic data and COVID-19 remain negatives, however.
- FX Empire
European Equities: The Economic Calendar and COVID-19 Updates to Influence
Economic data and COVID-19 updates will influence. Weak numbers out of Germany and negative sentiment towards growth is a bad combination.
- FX Empire
Equity Futures Plunge, Coronavirus Spread Accelerates, Earnings Still In Focus
Equity markets plunge after China upped the number of coronavirus cases and deaths, this outbreak is far more impactful than investors realize.
- Bloomberg
Germany’s Record Share Advance May Face GDP Test
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Germany’s DAX Index racked up another record high on Wednesday as virus fears faded and China pledged to meet its economic targets. Despite some profit warnings, German stocks are far removed from the drama of last year, while domestic political wobbles have been brushed aside so far. But tomorrow’s GDP numbers may give an indication on the recent health of Europe’s biggest economy, while the impact of the coronavirus still lies down the road.So far, the earnings season hasn’t been great for the nation’s stocks. After about 20% of companies from the broader HDAX reported for the quarter, Bloomberg data show that earnings missed to the downside by an average of 5.9%. On a more positive note, the profit warning story count is much quieter than during the three previous periods.But as a total-return index, the DAX includes dividends, which can be vulnerable -- as luxury-car maker Daimler AG illustrated this week. The recent records for the benchmark look far less impressive when you strip out such payouts. Indeed, the DAX Price Index (DAXK) is still 5% below its 2018 record high and has failed multiple times in recent years to durably overcome its 2000 peak.What’s more, recession risks are rising. Germany’s economy is expected to have grown 0.1% in the fourth quarter, but some economists see a contraction. Given the surprise drop of France and Italy’s GDP at the end of 2019, the low expectations suggest there’s a limited buffer against the prospects of a downturn.For Germany the following applies: incoming factory orders are still descending and the indicator for further industrial production planning determined by the OECD is pointing downwards, says VP Bank AG Chief Economist Thomas Gitzel. Both indicators are part of his euro-area recession indicator, which continues to climb.Then there’s the virus. The DAX members generate 20% to 25% of their revenue from emerging markets, according to Barclays Plc strategist Emmanuel Cau, with a large majority from China. The viral outbreak increases downside risks for activity and earnings, with Europe not immune as it is “highly exposed to Chinese demand, supply chains and tourism,” he saysWhile consensus puts earnings growth for the DAX at 13% this year and 12% next year, the bigger problem might be that “companies will again have to revise their outlook repeatedly in 2020,” DZ Bank AG strategist Christian Kahler writes in a note.Within the German gauge, Adidas AG, Infineon Technologies AG and BMW AG are among stocks with the biggest revenue exposure to China. Adidas could be a stock to watch as its supply chain is also heavily exposed, with 27% of factories located in China, while the country accounts for 22% of the group’s sales, Mainfirst estimates. Citi cut its forecasts this week, while the shares have barely recovered from their 10% drop since the virus crisis escalated in mid-January.As a consequence, index earnings forecasts could fall, leading to a further rise in valuation, which is already trading above the 15-year average. “Buying shares just because of a perceived lack of alternatives is not recommended,” Kahler adds.As for the impact on GDP, Deutsche Bank AG economists even forecast a 0.2 percentage point impact on German growth from the coronavirus. Given the current low growth path, it makes a technical recession “absolutely possible,” they say.To contact the reporters on this story: Michael Msika in London at mmsika4@bloomberg.net;Jan-Patrick Barnert in Frankfurt at jbarnert3@bloomberg.netTo contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, Jon MenonFor 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
European Equities: Can the Upswing Continue? New COVID-19 Cases Will Need to Slow Further…
Upward momentum in the week has come off the back of falling rates of infection in China. It may be too soon, however, to thing the worst is over…
- TheStreet.com
Dow Futures Point to Record Highs as Markets React to Slowing Coronavirus Infections
China reported the slowest rate of new coronavirus infections since January 30, suggesting health authorities could be gaining ground on the spread of the deadly disease.
- FX Empire
European Equities: A Catalyst is Going to be Needed for another High…
It could be a testy day ahead. The coronavirus numbers will need to show a further easing in the rate of infection and there’s Eurozone stats in focus.
- MarketWatch
European stocks close at record high as travel sector booms
European stocks rebounded on Tuesday in a broad-based advance, with the travel sector rallying as tour operator Tui demonstrated how it has benefited from the collapse of a rival.
- FX Empire
Equities Rise, Coronavirus Fears Ease, China GDP Growth In Peril
Global stocks rise as coronavirus fears continue to ease. Risks to the global economy remain, we’ve not seen the end of this outbreak yet.
- FX Empire
European Equities: Another Quiet Day Leaves the Coronavirus and FED Chair Powell Testimony
It’s another quiet day on the economic calendar, leaving the majors in the hands of the news wires and FED Chair Powell’s testimony.
