|Day's range||12,943.65 - 13,040.63|
|52-week range||11,726.62 - 13,596.89|
May.21 -- Marc Chandler, senior vice president at Brown Brothers Harriman, discusses currencies, Federal Reserve monetary policy and the outlook for markets. He speaks with Tom Keene and Francine Lacqua on "Bloomberg Surveillance."
The German index initially try to rally and reach above the €13,200 level before falling during the week. The €12,750 level underneath has been supportive, as it has been resistance in the past. I believe that the market will eventually continue to go higher, but we are a bit exhausted as we have bounced so drastically.
The German index rallied significantly during the session on Friday but gave back quite a bit of the gains. By doing so, the market looks likely that we could continue to bounce around in this area, and I think that the market will continue to be very choppy overall.
Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. U.S. crude oil sank 4 percent after multiple reports indicated that Russia and OPEC could start producing more oil soon. The drop in the price of oil has meant sharp losses for energy companies, but it gave airlines a boost as investors anticipated lower fuel costs.
Investing.com – U.S. futures were up slightly on Friday as geopolitical worries cooled and investors looked ahead to a speech from Fed Chairman Jerome Powell.The S&P 500 futures was up six points 0.35% to 2,734.25 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 62 points or 0.25% to 24,865.0. Meanwhile tech heavy Nasdaq 100 futures rose 29 points or 0.42% to 6,986.25.Markets closed in the red on Thursday after U.S. President Donald Trump cancelled a planned summit with North Korea. ...
The United Kingdom’s FTSE 100 Index started this week on a stronger note and closed at record high price levels in the first two trading days of the week. Amid the weak market sentiment, the FTSE 100 Index declined as the week progressed. On Friday, the FTSE 100 Index opened higher and was trading with mixed sentiment in the morning session.
The German markets fell during the trading session on Thursday as the world was reacting to the Americans canceling the meeting with the North Koreans. Ultimately, I think that this is simply a short-term blip, because quite frankly at the end of the day North Korea has very little to do with the economy. However, this rings up a certain amount of a “risk off” attitude into the marketplace.
HONG KONG (AP) — Asian stock indexes were mostly lower Friday as investors factored in fresh geopolitical uncertainty following the abrupt cancellation of a meeting between the U.S. and North Korean leaders.
Investing.com – U.S. futures pointed to a flat opening bell on Thursday as investors looked ahead to economic data and concern over U.S.-China trade talks continued.The S&P 500 futures was down half a point or 0.02% to 2,730.25 as of 6:46 AM ET (10:46 GMT) while Dow futures decreased 18 points or 0.07% to 24,841.0. Meanwhile tech heavy Nasdaq 100 futures rose three and a half points or 0.05% to 6,960.50.A flurry of economic data is expected later in the day, with jobless claims at 8:30 AM ET (12:30 GMT) and existing home sales at 10:00 AM ET (14:00 GMT). ...
After starting this week on a stronger note and surging higher in the first two trading days, the United Kingdom’s FTSE 100 Index pulled back on Wednesday amid the dented market sentiment. The FTSE 100 Index opened slightly higher on Thursday. The index was trading with mixed sentiment in the morning session on Thursday.
The DAX fell significantly during the day on Wednesday, slicing down below the €13,000 level. There are a lot of geopolitical concerns out there to be attentive to, but I think that the DAX is going to offer a certain amount of value given enough time. The market continues to have plenty of support underneath, especially near the €12,750 handle.
Investing.com – U.S. futures pointed to a lower opening bell on Wednesday amid fresh trade war concerns.The S&P 500 futures was down 17 points or 0.64% to 2,736.50 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 188 points or 0.76% to 24,657.0. Meanwhile tech heavy Nasdaq 100 futures fell 67 points or 0.98% to 6,841.50.Sentiment on Wall Street was dampened on Tuesday after U.S. President Donald Trump said he was not pleased with how the U.S.-China trade talks were going. He also said there were doubts about whether or not a U.S.-North Korea summit would take place on June ...
Following a strong performance for eight trading weeks, the United Kingdom’s FTSE 100 Index started this week on a stronger note and closed at fresh record-high price levels in the first two trading days this week. The FTSE 100 Index opened lower on May 23 and was trading with weakness in the morning session.
Investing.com – Wall Street looked set to continue its rally on Tuesday, as trade war worries between the U.S. and China eased.The S&P 500 futures was up three points or 0.13% to 2,736.50 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 41 points or 0.16% to 25,043.0. Meanwhile tech heavy Nasdaq 100 futures rose 22 points or 0.32% to 6,938.00.China said Tuesday it would cut import tariffs for automobiles and some car parts starting on July 1. Tariffs would be lowered to 15% from the current 20% to 25%, while tariffs on auto parts would be cut to 6%. ...
After gaining for eight consecutive trading weeks, the United Kingdom’s FTSE 100 Index started this week on a stronger note by rising to record high price levels on Monday. Carrying forward the strength, the FTSE 100 Index opened higher on May 22. The index was trading with strength at fresh record high price levels in the morning session.
European stocks moved cautiously higher on Tuesday, with Italy leading the advancers as the country’s president considered the candidate put forward by an euroskeptic alliance to lead their coalition government. Italy’s FTSE MIB index (MTAA:FTSEMIB.MI) moved 0.5% higher to 23,206.73, rebounding after falling 1.5% over Monday’s and Friday’s sessions. The volatile trade in Italy came as the country’s two biggest anti-establishment parties continued their push to form a governing coalition, which some fear could plunge Italy into a sovereign debt crisis.
The DAX did very little during the trading session on Monday, as we continue to hover around the €13,100 level. The market has recently been a bit quieter than usual, but I think this is more or less going to be a phase of consolidation more than anything else.
Investing.com – U.S. futures were higher on Monday, as the U.S. and China agreed to put tariffs on hold as they negotiate a trade agreement.The S&P 500 futures was up 16 points or 0.60% to 2,729.25 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 231 points or 0.93% to 24,952.0. Meanwhile tech heavy Nasdaq 100 futures rose 49 points or 0.71% to 6,923.00.The trade war between the U.S. and China is “on hold” as the two work on a trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. ...
The United Kingdom’s FTSE 100 Index closed last week higher and recorded the eighth consecutive weekly gain. On May 21, the FTSE 100 Index opened higher and was trading at fresh record high price levels in the morning session.