|Day's range||5,342.15 - 5,369.38|
|52-week range||4,555.99 - 5,601.38|
Economic data is on the lighter side going into the weekend. U.S retail sales could spoil the party, as the futures point to a positive open.
It’s looking a bit bearish for the day ahead. Trade war tension continues to linger, which could test investor resilience on the day.
With Germany on holiday today, it will be down to the CAC40 to follow the Asian majors into positive territory later this morning.
It’s a busy day ahead. While any chatter on trade will move the majors, Draghi and economic data out of Germany are also there to consider.
The German benchmark’s outperformance in Europe this year could be at risk if the U.S.-China trade war escalates, Barclays strategists wrote in a note on Wednesday, closing their overweight rating on the index and recommending that investors switch to France’s CAC 40 Index. China is Germany’s biggest trade partner outside Europe, and the carmaker-heavy DAX was particularly prone to swings in May on headlines about potential U.S. levies on the automobile industry. France has more diversified exposure to sectors and regions, according to Barclays strategists led by Emmanuel Cau.
The European majors found support from FED Chair Powell and the willingness of China to return to the negotiating table. The day ahead could get choppy.
The European majors look set to take a hit at the open as the U.S – China trade war rhetoric flares up. Economic data hasn’t helped…
No major shocks from the EU elections should be positive for the majors, leaving sentiment towards trade to influence on the day.
After a day of heavy losses, the futures are pointing to a positive open. Holding onto any gains could prove to be a challenge, however.
The futures are pointing to an edgy start with a mass of stats, EU elections and trade war chatter to drive the majors on the day.
The European majors continue to be gripped by the U.S – China trade war. The U.S may need to take a softer stance yet for China to resume talks…
The futures are flashing green early in the day, in spite of a mixed Asian session. A lack of chatter on trade could prove to be positive.