|Day's Range||13,054.80 - 13,188.64|
|52 Week Range||10,279.20 - 13,374.27|
Rebound continues as hope for the Phase 1 trade deal lingers. China is silent on progress but confirms talks continue.
While it’s a quieter day on the economic calendar, the stats will have an influence as hopes of a trade agreement return…
Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going "very well" and a news report suggested key differences were being ironed out. European stocks rallied, with the blue-chip Euro STOXX 50 , Germany's DAX and French CAC 40 gaining more than 1%. The safe-haven yen and Swiss franc fell as Trump's encouraging comments on the U.S.-China trade negotiations boosted "risk-on" sentiment.
The catalyst behind the strength is a report from Bloomberg suggesting the United States and China were inching closer to a trade deal. The news is an about face from the narrative that drove Asian shares lower earlier in the day and Wall Street stocks sharply lower on Tuesday.
Chatter on trade dominated the news wires and the markets on Tuesday and will likely continue to do so. Expect data to influence, however.
Global markets are mixed following a series of sentiment damaging blows. The U.S. market is down -0.75% and extending Monday losses in early Tuesday trading.
European stocks on Tuesday recovered some of the ground lost in the prior session, with gains tentative on continuing worries about trade tensions.
Global markets are mixed on Monday after global trade relations took a turn for the worse.
Stock markets reversed earlier gains on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, overshadowing data showing that the Chinese and euro zone economies were stabilising. European stocks had initially rebounded towards four-year highs, as decent manufacturing data in China and renewed optimism over a trade deal between Washington and Beijing eclipsed last week's jitters.
European shares posted their biggest daily drop in two months on Monday, with most major markets including Germany and France slumping more than 2%, as a reimposition of U.S. metal tariffs on Brazil and Argentina triggered a decline in global sentiment. After an upbeat November, its third straight month of gains, the pan-European STOXX 600 index closed down 1.6%, erasing session gains after positive factory activity data from China and major euro zone economies had earlier taken it to near four-year peaks.
It’s a busy day ahead, with manufacturing PMI numbers from China, the Eurozone, and the U.S in focus. Stats from the weekend provided early support.
It’s a particularly busy week ahead. The Pound will be in the grasps of the opinion polls, with risk appetite in the hands of the U.S and China and data.
It was a positive end to a positive month for the European majors. With sentiment towards the economy improving, it now lies in the hands of the U.S President…
Economic data will likely take a back seat as the markets react to Trump’s signing of the HK Bill. China’s response will ultimately be key, however.
European stocks were pushed higher on Wednesday after Donald Trump said the U.S. and China were in the “final throes” of a trade deal.
Wall Street futures look set to push further into record high territory Wednesday, pulling global stocks into the green along the way, as investors prep for the final full trading day of the Thanksgiving holiday week riding a bullish trade underpinned by supportive central banks around the world.
The futures are pointing to a mixed day as the markets look for a positive conclusion to phase 1 trade talks that appear to be neverending…
Share markets surprised themselves on Monday (December 2) with a better-than-expected start to a new trading month. The main reason: China. Manufacturing there apparently enjoyed an unexpected rebound in November. The purchasing managers' index - at 51.8 - marked the quickest expansion in almost two years. Europe helped too. France's PMI survey picked up at the fastest rate in five months. And Germany wasn't quite as bad as expected. For Frankfurt's Dax, that helped offset political worries - caused by new strains between its ruling parties. Baader Bank's Robert Halver. (SOUNDBITE) (German) HEAD OF CAPITAL MARKETS ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "The DAX is stable, which is surprising since the coalition is entering its next crisis. But what is important is that the Chinese attitude to their economy remains positive. Naturally, that's helpful for the German exports." In morning trading, the pan-European STOXX 600 followed through on Asia's optimism by closing in on fresh-four year highs. Dollar yen saw a six-month high ... And oil - with an additional boost on hopes of another OPEC output cut this week - jumped above 61 dollar a barrel. Sentiment around the UK was less buoyant. Its PMI survey shows manufacturers cut jobs in November at the fastest rate since 2012 ... As Brexit and a global trade slowdown caused the sector's longest decline since the financial crisis.