|Day's Range||11,990.79 - 12,082.05|
|52 Week Range||10,279.20 - 13,170.05|
After three failed attempts to sign a Brexit deal, Theresa May has announced that she will be stepping down as British Prime Minister. May said, "It is in the best interests of the country" for someone else to lead the Brexit negotiations. Yahoo Finance's Alexis Christoforous and Brian Sozzi discuss May's resignation with Yahoo UK's Stuart Henderson.
Global stocks steadied overnight, with Wall Street set for a modest opening bell gain, although investors remain nervous over slowing growth and protracted trade tensions. Wall Street futures suggest solid opening bell gains ahead of earnings from Foot Locker and April durable goods orders at 8:30 eastern time.
World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May's resignation briefly sent sterling fluctuating wildly. The index gained 0.2% on Friday following the overnight comments from Trump, who said issues with China's Huawei Technologies Co Ltd might be resolved within the framework of a broader trade deal. China mainland blue chips and Hong Kong stocks climbed around 0.3% while Japan's Nikkei fell 0.2%.
President Donald Trump predicts a swift end to the ongoing trade tensions. Prime Minister Theresa May announces she will resign as party leader on June 7. European stocks traded higher on Friday, with investors returning to risk assets as fears over the United States - China trade battle receded.
After a day of heavy losses, the futures are pointing to a positive open. Holding onto any gains could prove to be a challenge, however.
The pan-European Stoxx 600 was down by more than 1% in mid-morning deals with almost every sector in the red. Auto stocks led the losses, down by nearly 3%. This comes after renewed concerns over the trade relationship between the U.S. and China.
The futures are pointing to an edgy start with a mass of stats, EU elections and trade war chatter to drive the majors on the day.
Asian stocks struggled for traction on Wednesday, as relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world's two largest economies. In opening European trade, the pan-region Euro Stoxx 50 futures were down 0.03%, Germany's DAX futures were up 0.01% and Britain's FTSE futures were up 0.28%. Japan's Nikkei added 0.1%.
The European majors continue to be gripped by the U.S – China trade war. The U.S may need to take a softer stance yet for China to resume talks…
Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China's Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%, extending gains earlier in the trading session, with Germany's DAX rising 1.1%, while France's CAC 40 added 0.6%. At the close, China's Shanghai Composite index was up 1.23%, while the blue-chip CSI300 index ended 1.35% higher.
The futures are flashing green early in the day, in spite of a mixed Asian session. A lack of chatter on trade could prove to be positive.
Investors already on edge about an escalating U.S.-China trade dispute were further rattled after Beijing accused Washington of harbouring "extravagant expectations" for a trade deal, underlining the gulf between the two sides. Asian shares had managed to reverse some of last week's losses on Monday after Washington said it would lift tariffs in North America, and as investors cheered apparent wins by Conservative incumbent parties in elections in Australia and India. U.S. President Donald Trump's government added Huawei to a trade blacklist last week, imposing restrictions that will make it difficult to do business with U.S. companies.
A quiet day on the economic calendar leaves the Oval Office as the main area of focus. What’s the next move in the U.S – China trade war?
U.S. President Donald Trump's bid to blacklist Huawei has further intensified trade tensions, while the Chinese ruling Communist Party's newspaper has insisted the trade war will only make China stronger. The morning's biggest loser was British tour operator Thomas Cook, which saw its shares plummet 30% by mid-morning, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration's bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party's newspaper striking a defiant tone.
The Eurozone’s trade surplus widened from €17.9bn to €22.5bn in March. Imports increased by 4.8% over the same period, leading to a narrowing of the trade surplus from €46.5bn to €43.5bn in Q1. Finalized inflation figures out of Italy had a muted impact, with the finalized numbers being in line with prelim.
LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China.
Global stocks drift lower amid a series of moves on trade and security that underscore the depth and breadth of the U.S.'s trade wars. Huawei is added to the U.S. 'Entity List' that blacklists company's from doing business with the United States, just hours after the President declares an information technology national emergency. Weak U.S. data pushing 10-year bond yields to 15-month lows, while TIC data shows China sold the most U.S. Treasuries in more than three years in March.
European shares retreated on Thursday after Washington blacklisted Chinese telecoms giant Huawei, adding another confrontational element to the U.S.-China trade dispute. The U.S. Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its Entity List, which bans the company from acquiring components and technology from U.S. firms without government approval. News on Wednesday that U.S. President Donald Trump was planning to delay the imposition of tariffs on imported cars and parts helped European markets swing higher late in the session.