|Day's Range||11,420.74 - 11,504.71|
|52 Week Range||10,279.20 - 13,204.31|
Global shares rose on Friday as signs of progress on trade offset a worsening economic outlook, while the Aussie dollar recouped some losses after China denied it had halted Australian coal imports. Chinese shares had faltered earlier amid concern about slowing domestic growth and indications that China would cut its benchmark interest rate only as a last resort to boost the economy. Australian shares gained 0.5 percent and Seoul's Kospi .KS11 ended up 0.1 percent.
Dax to trade with positive bias across the day on strong fundamental support but cues from the international market and divided investor sentiment are likely to result in rangebound price action.
The pan-European Stoxx 600 was up around 0.3 percent during afternoon deals, with most sectors and major bourses in positive territory. Market focus is largely attuned to global trade negotiations, with little more than a week left before a U.S-imposed deadline for an agreement with China expires. European stocks were slightly higher Friday afternoon, as market participants closely monitored trade talks between the world's two largest economies.
Asia shares touched four-and-a-half months highs on reports of detailed progress in U.S. China trade talks that could allow President Donald Trump to extend the March 2 deadline. Sentiment got a further boost from Thursday's Fed Minutes, which reiterated the central bank's "patience" on policy but left the door open for late 2019 rate hikes. Nike shares slip nearly 2% after Duke basketball star Zion Williamson injured his knee when the Nike PG 2.5 shoe he was wearing ripped apart in the first minute of a nationally-televised game against arch-rivals at the University of North Carolina.
BEIJING (AP) — Most global stock markets rose Thursday as U.S. and Chinese officials entered two days of negotiations aimed at ending a bruising tariff battle.
DAX to trade positive on cues from the international market and high-risk appetite in European markets.
The pan-European Stoxx 600 edged down around 0.2 percent during mid-morning deals, with most sectors and major bourses in negative territory. Europe's banking index led the losses, falling more than 1.3 percent amid reports of suspected wrongdoing. Factories across the euro zone unexpectedly fell into reverse this month, official surveys showed Thursday, amid heightened trade tensions and ongoing problems in the autos sector.
High risk appetite and positive cues from international market along with positive investor sentiment to influence positive price action in DAX index.
Lack of news and macro data updates has led to range bound action in GBPUSD pair and this is expected to continue ahead of UK macro data update release.
Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities. Munich prosecutors said on Monday they were investigating a Financial Times journalist, confirming that they had widened a probe into a possible violation of securities trading rules. A spokeswoman for the Munich prosecutors said their inquiry, which was in response to a criminal complaint, was at an early stage and declined to give any further details.
DAX to trade in red owing to dovish investor sentiment in the European market following ECB board members comments who hinted at plans for TLTRO owing to the economic slowdown in Euro area.
European stocks edged higher Monday, although volumes were thin in most markets around the world owing to today's President's Day holiday, as investors continued to key on developments in U.S.-China trade talks. Gains in the region were capped by concern that the White House may opt to impose tariffs on European-made cars now that President Donald Trump has received a report from the Commerce Department that assessed their risk to national security. Broader market sentiment, however, was linked to the progress in last week's trade talks between high-level delegations of both the U.S. and China in Beijing, which are slated to continue this week in Washington, with the aim of reaching a comprehensive pact by the March 2 deadline or, as President Trump has hinted, extend the talks for a further period of time in order to address the myriad issues that still separate the world's two biggest economies.
The pan-European Stoxx 600 edged higher Monday, with sectors and major bourses pointing in opposite directions. Market focus is largely attuned to global trade developments, with officials from the U.S. and China set to resume negotiations this week. The pan-European Stoxx 600 finished up 0.21 percent provisionally, with sectors and major bourses pointing in opposite directions.
Risk appetite delivers early moves across the riskier asset classes. With a light economic calendar, vehicle sales out of China will be of interest.
Trade talks delivered strong gains across the European and U.S equity markets last week. What’s on the horizon for the DAX and EUR?
Reports of progress in U.S.-China trade negotiations and hopes of a new scheme to support euro zone banks drove a strong rally in European stocks, which posted their best week since November and reclaimed three-month highs. The trade-sensitive German index jumped 1.9 percent while the STOXX 600 rallied 1.4 percent on the day and made a weekly gain of 3 percent. Chinese state news agency Xinhua reported China and the United States had reached a consensus in principle on some key issues during trade talks in Beijing.
DAX to open subdued on cues from international markets but outcome at end of the day is likely to be decided by headlines driven momentum.
Weak inflation data from China sent European stocks slipping further on Friday, with car shares and Germany's DAX the worst hit. The German index, the most sensitive to China due to its large share of exporters, fell 0.6 percent with car manufacturers BMW, Daimler, and Volkswagen (VOWG-p.DE) leading losses. Europe's STOXX 600 managed, barely, to hover flat as gains in telecoms and industrials helped offset the China strain.
Asian stocks fell on Friday, retreating from four-month highs after data out of China raised concerns over deflationary pressures building in the world's second biggest economy. The bearish impulse appeared likely to be passed on to European stocks, with spreadbetters expecting Britain's FTSE to open 0.1 percent lower, Germany's DAX 0.3 percent down and France's CAC 0.2 percent down. Data released on Friday showed China's factory-gate inflation slowed for a seventh straight month in January to its weakest pace since September 2016 amid cooling domestic demand.
CNBC’s Karen Tso outlines how European stocks are performing at the beginning of Monday’s trading session.