|Day's Range||12,135.64 - 12,244.67|
|52 Week Range||11,726.62 - 13,596.89|
NEW YORK (AP) — Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November.
European stocks mostly end the day lower on Friday, with Italian shares leading the move lower as investors fretted over the state of the country’s banks.
S&P 500 futures were down 021% at 6:18 am EST and Dow Jones Industrial Average futures lost 0.18% after stocks surged on Thursday on hopes of the trade talks and after Walmart Inc. topped earnings estimates and raised full-year guidance. The Dow Jones Industrial Average rose 397 points, or 1.58%, to 25,559, the S&P 500 gained 0.79% and the Nasdaq Composite added 0.42%.
Dax likely to remain range bound today as Asian market momentum is expected to provide positive influence to German equities while Dax futures in international market trades in red ahead of European market hours.
Kazakhstan-focused miner Kaz Minerals slumped to the bottom of the European benchmark on Friday, tumbling more than 13 percent lower after Barclays cut its price target for the firm. Market focus is largely attuned to Turkey's ongoing currency crisis, with a dramatic fall against the dollar earlier this week sparking fears of contagion and a sell-off in emerging markets. European stocks were lower on Friday afternoon, as Turkey's ongoing currency crisis appeared to keep investors wary of taking on riskier assets.
TOKYO (AP) — Asian shares made moderate gains early Friday after U.S. stocks jumped on news China is preparing to resume trade discussions with the U.S., the first negotiations in more than a month.
The DAX30 has made a break below the trend line and at this point, it is still trapped below W L4 camarilla pivot. POC 12300-325 is the first POC zone that could initiate fresh selling if the price retests it. POC2 12500-520 is the POC2 with a very strong bearish confluence. However, we might see a direct drop without any retracement to POC zones. In that case, the target is 12045-65 zone. Watch for counter-trend moves and potential buyers within this zone.
* China announces new round of trade talks with U.S. TOKYO, Aug 16 (Reuters) - Asian shares hit fresh one-year lows on Thursday, weighed by worries about China's economic slowdown and Turkey's currency crisis, though news of renewed trade talks between Washington and Beijing helped markets trim some of these losses. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, after shedding as much as 1.1 percent to hit its lowest since Aug. 11, 2017.
DAX to open positive but possibility of upside movement remains limited on mixed global cues.
Wirecard AG, the fintech company that’s worth more than Deutsche Bank AG, edged closer to joining Germany’s blue chip DAX index after raising its earnings forecast for the second time this year. Wirecard jumped as much as 9.6 percent in Frankfurt after saying it now sees earnings before interest, taxes, depreciation and amortization of as much as 560 million euros ($637 million) this year, compared with an earlier prediction of 545 million euros. The raised outlook shows Wirecard’s business is “firing on all cylinders,” Robin Brass, an analyst at Hauck & Aufhaeuser, told Bloomberg.
The currency rose slightly against the dollar on Thursday, after rallying Wednesday on the back of financial support from Qatar. Bourses in Europe climbed higher Thursday following news that China accepted an invitation from the United States to talk trade in late August. The positive news out of China pushed basic resources to trade over 1 percent higher.
Investing.com - Wall Street opened lower Wednesday on concerns about retail earnings and global market weakness.
European stocks edge higher in early trading Wednesday, as investors watched the continuing currency drama in Turkey, which showed some signs of stabilization.
TOKYO (AP) — Asian shares fell Thursday after deepening worries about global economic growth, particularly in China, set off a rout on Wall Street.
German market closed on positive note as investors made most out of temporary reprieve from Turkish crisis and is expected to remain positive as German banks have very little exposure to Turkish crisis.
Asian stocks retreated to a one-year low on Wednesday as bearish Chinese markets worsened investor sentiment already hurt by Turkey's financial crisis. Spreadbetters expected European stocks to open slightly higher, with Britain's FTSE seen rising 0.2 percent, Germany's DAX adding 0.1 percent and France's CAC gaining 0.15 percent. MSCI's broadest index of Asia-Pacific shares outside Japan slid more than 1 percent to its lowest since August 2017, after bouncing 0.4 percent the previous day when the Turkish lira showed signs of stabilising.
U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. The Turkish lira steadied as officials from Turkey and the U.S. said the countries are in talks to ease diplomatic tensions, which have resulted in high tariffs on Turkish steel and aluminum. Stocks in emerging markets like Argentina, Russia and Brazil jumped.
The pan-European index registers its first advance in three sessions — just barely — as Turkey’s currency meltdown shows signs of steadying.
Investing.com – U.S. futures were higher on Tuesday as investors shrugged off economic uncertainty in Turkey.The S&P 500 futures rose 11 points, or 0.39%, to 2,836.50 as of 6:45 AM ET (10:45 GMT) while Dow futures were up 97 points, or 0.38%, to 25,312.0. Meanwhile tech heavy Nasdaq 100 futures increased 39 points, or 0.53%,to 7,456.25.The Turkish lira rallied on Tuesday, breaking a 5-day losing streak after the country's central bank pledged to provide liquidity in response to a meltdown which has unsettled global markets.The struggling currency sank to an all-time low of 7. ...
A triple set of data from China suggests U.S. tariffs are starting to bite, as fixed asset investment slows sharply amid a government crackdown on risky loans. European stocks post solid gains as stronger-than-expected German GDP adds to bullish tone amid modest gains in Turkish lira.
Dovish Cues from International market and positive sentiment surrounding hawkish German macro data play tug off war resulting in DAX turning range bound.
The euro zone will learn its latest growth rate figures at 10 a.m. London time (5 a.m. ET). Industrial production numbers and the ZEW economic sentiment index for the region will also be released at that time. European stocks traded in the black Tuesday morning as concerns over Turkey's economic woes eased.
Deutsche Bank AG and Commerzbank AG -- hold the indignity of being the worst performers among European peers this year. Commerzbank, a member of Germany’s DAX Index since its inception in 1988, is in danger of losing its membership to payments provider Wirecard AG, whose shares have climbed more than 30-fold over the last 10 years as the established player lost more than 90 percent of its value. Commerzbank -- with a market valuation of just 10.4 billion euros -- is the lowest-ranking member of the 30 companies that comprise the DAX, while Wirecard would place just outside the top 20, making it a potential entry candidate in the quarterly re-balancing in September.
European stocks fell as investors remain focused on Turkey’s perilous financial condition and as Bayer shares plunged following a U.S. court ruling against the company’s Monsanto unit.