|Day's Range||18,754.24 - 19,193.26|
|52 Week Range||18,754.24 - 23,890.20|
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.
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.
Europe’s main equity benchmark falls Wednesday, as hand-wringing around faltering negotiations between the European Union and the U.K. over a trade deal to exit from the trade bloc remain a key focus and U.S. stocks are headed for a rough session.
Global stocks rise on Wednesday morning after yesterday’s strong earnings reports. Investors will focus on the Fed minutes today and China’s GDP on Friday.
Italy’s benchmark on Tuesday notched its best day in about five weeks, while the pan-European benchmark produced its sharpest single-session advance in more than six months.
Analysts looking for key drivers over the near-term that will ultimately decide the fate of a number of currencies, economies and ultimately whether a new crisis dawns.
It may well be make or break for the Pound and the British PM and the for the EUR as Italy faces up to the Establishment on Monday.
European equities on Friday finish the day lower as a rally falters, helping to cement the sharpest weekly drop from the most of the main eurozone benchmarks since February.
European stocks got hammered on Wednesday, bringing vulnerable Italian markets to finish in a bear market as a Wall Street selloff continued to rattle investors around the globe.
European equities end lower as rising bond yields continue to worry investors. Luxury stocks are among the hardest hit.
European equities ended a choppy session with gains Tuesday as bond yields in Italy and the U.S. paused their rise.
Italy’s 10-year bonds now yield 3.63%, just 1.02% below Greece. German 10-year yields are 0.54% despite almost doubling this year. How can this spread affect global equity markets?
Rome and Brussels appear headed for a clash over Italy’s budget plans. And it’s the country’s banks that continue to worry investors.
European equities trade lower Monday, with Italian banks under heavy pressure as the country’s government heads toward a budget clash with the European Union.
For the Dollar, economic data through the week includes September wholesale inflation numbers on Wednesday, September consumer inflation and the weekly jobless claims numbers on Thursday, with September import and export prices and prelim October consumer sentiment numbers due out on Friday. Outside the stats, FOMC member chatter and trade will be in focus, with the mid-terms also likely to begin garnering some attention. For the EUR, it’s also a relatively quiet week, with German industrial production and trade figures due out on Monday and Tuesday, finalized September Eurozone member state inflation numbers due out on Thursday and Friday and the Eurozone’s industrial production numbers due out on Friday, focus being on Germany’s industrial production and trade data in the early part of the week.
EUROPE MARKETS European markets closed solidly higher Wednesday, driven by hopes that Italy’s budget deficit could be lowered, though concerns about the country’s debt and budget plan still capped investors’ confidence.
Global stocks trade mostly higher on Wednesday morning on reports that Italy will reduce its budget deficit. The Fed chairman, Jerome Powell said on Tuesday that he sees ‘remarkably positive outlook’ for the economy.
A popular U.S. dollar index on Tuesday extended a strengthening trend to a fifth day in a row, putting the benchmark near a six-week peak as its major rivals, notably the euro, weakened amid mounting political strife between Italy and the European Union. The euro, which is the most influential component of the dollar index, has been the predominant story, with the shared currency stumbling amid political uncertainty in Italy, which has been set in motion by a controversial budget proposal by the country’s government.
Europe stocks close out the session lower on Tuesday, dogged by budgetary concerns out of Italy and Greece, along with global growth and trade concerns.
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European stocks were mostly higher on Monday, clawing back some ground seen late last week after the U.S. and Canada resolved a major stumbling block on trade. London failed to join the party, though.
Disappointing private sector PMI numbers this morning could set the markets up for a bad start to the 4th quarter, with plenty to consider for the week.
Europe’s pan-European stock benchmark ends Friday’s session lower as Italy’s antiestablishment government agreed to a 2019 deficit projection of 2.4% of gross domestic product, delivering a budget proposal that is likely to draw the ire of the European Union.
It’s turmoil time again for Italy, with government bond yields soaring Friday as the country’s populist government appeared to put itself firmly back on a collision course with the European Union and so-called bond-market vigilantes with its spending plan. But so far, there’s little sign of panic outside of Italy.
Investors expecting that Italy’s new government would work through the 2019 budget process without setting itself up for a showdown with the European Union get a dose of reality Thursday.