|Day's Range||12,418.50 - 12,490.84|
|52 Week Range||10,279.20 - 12,656.05|
Geopolitics is in focus, with Brexit, Iran, and the U.S – China trade war likely to keep the markets busy. Stats and the RBNZ are also of influence.
(Bloomberg) -- European stocks have been on a tear over the past month, signaling investor optimism returning to the market. Not so fast, say strategists.They predict losses of more than 4% in both the Stoxx Europe 600 Index and the Euro Stoxx 50 Index of the region’s biggest companies by the end of the year, according to the average response in a Bloomberg poll. European equities have rebounded strongly since mid-August as trade war tensions eased and the region’s central bank boosted stimulus, with the Stoxx 600 within reach of a one-year high reached in July.They may give up some of those gains in the coming months, if the forecasts prove correct. The Stoxx 600 will close out the year at a level of 374, or 4.4% below Thursday’s close, and the Euro Stoxx 50 will end 2019 at 3,391, implying a 4.5% drop, according to the average prediction in a Bloomberg poll of strategists.While some risks have receded, others linger. The economic backdrop, particularly in Europe, remains a cause for concern. Domestic demand is weakening in Germany, with global trade tensions and Brexit uncertainty also weighing on Europe’s largest economy, the country’s finance ministry said on Thursday. And the OECD this week lowered its global growth forecast and warned that a no-deal exit from the European Union would push the U.K. into a recession.For the U.K.’s FTSE 100 Index, which has lagged European peers this year under a Brexit cloud, there may be more woes in store. Strategists on average see the gauge dropping to 7,114 by end-2019, or a 3.3% decline from Thursday’s close. Germany’s DAX Index will fall to 11,936, 4.2% below its last close, the poll shows.To view strategists’ forecasts on the Stoxx 600 and the Euro Stoxx 50, click hereFor predictions on the DAX, click here, and here for those on the FTSE 100To contact the reporter on this story: Namitha Jagadeesh in London at email@example.comTo contact the editors responsible for this story: Blaise Robinson at firstname.lastname@example.org, John ViljoenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The futures are pointing to a mixed start to the day for the majors. Eurozone consumer confidence and Brexit will be likely drivers on the day.
Banks led European stock markets higher on Thursday, as central banks across the globe loosen monetary policy while making it easier for lenders to obtain short-term financing.
Futures point to a positive start to the day as the FED delivers on a rate cut and talk of more down the road should the need arise.
Global markets are mixed while traders wait on the latest FOMC rate decision. Stronger than expected housing starts and building permits data does not bode well for the Doves.
The futures are pointing to another day in the red as the markets look ahead to the FOMC monetary policy decision due out after the European close.
European stocks on Tuesday floundered for direction, though oil producers remained well bid as oil futures held onto a lion’s share of the advance after the attack in Saudi Arabia.
Investing.com -- Germany's ZEW economic sentiment index, the first major confidence indicator of the month in Europe, rose to -22.5 in September from a seven-year low of -44.1 in August, amid signs of progress in the U.S.-China trade dispute and the European Central Bank's monetary policy easing package last week.
Investing.com -- European stock markets opened lower Tuesday as concerns over the spike in oil prices continued to weigh on markets. Asian stocks had also weakened overnight, after the U.S. reportedly shared intelligence with Saudi Arabia showing that Iran was responsible for the weekend attack on its oil facilities. Saudi Arabia hasn't yet joined the U.S. in publicly blaming Iran, something that could raise the likelihood of a coordinated response against the Islamic Republic.
Uncertainty over how the U.S will respond to the strike on Saudi oil fields will test the majors early. There’s also Brexit to factor in…
Global stocks fall after energy prices spike more than 10% raising fears of further slowing in the global economy.
Global stocks traded notably lower Monday, while oil prices surged the most in more than two decades, as an attack on two key Saudi Arabian oil facilities, as well as the weakest industrial output data from China in many years, hammered equity market sentiment.
Geopolitical risk returns as the markets respond to the attacks on Saudi oil fields. With economic data on the lighter side, Brexit will also be in focus.
It’s a big week ahead for the markets. The FED, the BoE and Brexit are in focus, with stats and chatter on trade also needing some attention.
Global markets rise on trade hopes but new records for the indices and a trade deal may be elusive.