|Day's range||12,100.00 - 12,243.63|
|52-week range||10,279.20 - 13,204.31|
According to the average response in a Bloomberg poll, the Stoxx Europe 600 Index is likely to fall 8.9 percent from Wednesday’s close, to 355 points, by the end of 2019. The Euro Stoxx 50 Index, home of the euro-area’s biggest companies, is seen retreating 6.4 percent from current levels, to 3,255, the survey shows. The region’s equities are being torn between conflicting signals: optimism over global growth has helped boost the value of the Stoxx 600 by about $1.7 trillion from its December lows, while outflows from European equity funds continue almost non-stop.
The DAX saw a 5th consecutive day in the green, with the CAC40 up for a 6th consecutive day. Today’s stats out of China could rain on the parade…
FT subscribers can click here to receive Market Forces every day by email. The highlights of a holiday-shortened week await, starting with a slew of economic data from China on Wednesday, followed by a look at the eurozone’s purchasing managers’ indices on Thursday. Over the past month, China’s CSI 300 index has set a torrid pace, buoyed by fresh credit infusing the country’s financial system.
Hopes of a U.S – China trade agreement deliver support early. Will there be a renewed sense of optimism in Germany and the Eurozone?
The respective influences of economic data and earnings will be under debate as earnings season kicks in. Stats are weakening, yet earnings are not…
A lack of economic data leaves corporate earnings in focus. Early support came from Asia, with little in the way of a positive start to the week.
A larger than expected slide in China imports raised a red flag for the European majors. Earnings will need to impress through the day…
It’s a quiet day on the economic calendar. While monetary policy continues to support appetite for riskier assets, earnings could weigh…
The European futures are in the red at the time of writing. Market sentiment could shift should there be progress on Brexit.
The futures are pointing to a mixed open later this morning. Off the back of an extended run, the markets may need the news wires to extend the run.
It’s looking like another mixed start to the day for the European majors. While there’s been little to rock the boat, today’s stats will influence.
DAX To see range bound action as the German market likely to see profit booking activity but the downside being limited by positive cues from the international market.