|Day's range||13,157.82 - 13,167.72|
|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…
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.
Global markets are mixed on Monday after global trade relations took a turn for the worse.
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.
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…
It’s a busier day on the economic calendar, with German and U.S consumer confidence the key drivers. Updates on trade will also need monitoring…
It’s another busy week ahead for the global financial markets. While economic data is on the heavier side, updates on trade will continue to drive risk appetite.
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.