|Day's Range||11,497.09 - 11,677.45|
|52 Week Range||11,459.08 - 13,596.89|
European markets are feeling the pinch from disappointing earnings. Yahoo Finance’s Alanna Petroff has details from London.
Major U.S. stock indexes were mostly lower in midday trading Monday as losses in banks and health care companies outweighed gains elsewhere. Energy companies also fell along with the price of crude oil. Technology companies rebounded after an early tumble. Smaller companies were doing better than the rest of the market. Toy makers slumped after Hasbro's latest quarterly results disappointed investors.
European stocks aremostly higher Monday amid a mostly move higher across the globe. But Italy gave up earlier gains amid budget nervousness.
DAX futures trades positive in international market with over 1% increase in value supported by positive EURO as Moody’s updated Italian Credit rating which is expected to support DAX on its bull run today.
The market focus is mostly on corporate earnings with several big stocks announcing their latest results. Italian stocks saw a relief rally on Monday morning after a ratings downgrade by Moody's was relatively benign. Shares in Europe traded higher on Monday as investors focused on earnings and digested news surrounding Italy.
Italian stocks finish a choppy session near break even after an European Union commissioner offers comments that reduced some worries of a EU-Rome clash.
European stocks ended a choppy trading session broadly flat on Friday but managed to eke out a weekly gain despite mixed third-quarter earnings and while the budget row between Italy's populist government and the European Union heated up. Shares in tyre maker Michelin tumbled 11.2 percent after it cut its sales outlook and downgraded its market growth forecasts, blaming slowing Chinese car demand and new emissions testing regulations. "Companies that disappoint are always more harshly punished but, given the trend in the market currently, reactions are stronger than usual," said Emmanuel Cau, European equity strategist at Barclays.
Shares in troubled German lender Deutsche Bank drop sharply Friday to the lowest since their all-time nadir in June, as analysts made gloomy forecasts for the bank’s third-quarter results on October 24.
Asian stocks clawed back losses on Friday as China's efforts to bolster investor confidence helped its share markets rally, although data showing the world's second-largest economy growing at the slowest pace since 2009 capped broader gains. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after earlier falling as much as 0.9 percent ahead of the release of China's latest GDP reading. Spreadbetters in Europe expect shares in Germany, where big exporters are sensitive to the health of China's economy, to fall at the open, with the DAX seen opening down 0.15 percent.
Europe’s main equity benchmarks finish Thursday’s session lower after spending much of the day trading in the green thanks to better-than-expected corporate results.
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
FOMC Minutes from yesterday helped the USD to climb higher. That also negatively influenced stocks and commodities. The current price movements are in line with what we were writing about two days ago in the analysis about the USDJPY and DAX. Let’s start with the USDJPY first. The bounce from the long-term up trendline is ON and yesterday, the price managed to break the 50% Fibo, which gives us a buy signal. Today, we are testing that area as a support and we can see a bounce, which gives us a bullish confirmation.