|Day's range||12,984.67 - 13,089.72|
|52-week range||10,402.59 - 13,525.56|
The only event of note today was the speech from Draghi which happened during the London session where he expressed his continued concern with the inflation. We have seen that the incoming data from the Eurozone has continued to be good, especially the ones from Germany but that seems to be having little effect on … Continue reading Market Snapshot – Dovish Draghi Helps the Stock Markets
Germany’s DAX Index fell for five consecutive trading days and regained strength on Thursday. The DAX Index opened higher on November 17, 2017.
European stock markets are mostly slightly down, with the DAX swinging between gains and losses as the EUR hovers around the 1.18 mark against the USD. The FTSE 100 is underperforming slightly, initially weighed down by a stronger pound, although the currency pared some of its earlier losses after comments from Brexit Secretary Davis suggesting … Continue reading A Dovish Draghi is Good for Riskier Asset Prices
Wall Street stocks joined European equity markets in retreating Friday, along with the dollar, as Washington braced for a bruising political battle in the US Senate over tax cuts. The House of Representatives ...
European shares closed slightly lower on Friday, as investors digested new trading updates and followed the moves in markets Stateside.
The DAX has bounced off from the lows below the 13000 region after being under some pressure since the beginning of the week. It has been a difficult month for the DAX so far in November as it has failed to break through the 13500 region after gaining a lot of momentum last month by … Continue reading DAX Index Daily Fundamental Forecast – November 17, 2017
European stocks broke their longest losing run in a year on Thursday, with major regional indexes rebounding on the back of well-received corporate updates. Investors also cheered a rise in shares of car ...
The final Markit Germany’s services PMI (purchasing managers’ index) stood at 54.70 in October 2017 compared to 55.60 in September 2017.
HONG KONG (AP) — Asian shares were mostly higher Friday, extending global gains after Wall Street reported a round of healthy earnings and U.S. politicians took a step forward on President Donald Trump's tax reform plan.
Equity Markets Rebound Following days of uncertainty over whether the equity market rally was officially over, markets rebounded through the day. Europe’s major indexes moved back into positive territory, with the DAX moving back to 13,000 levels ahead of the U.S open. Consensus has been that tax reforms have weighed heavily on the markets. Hopes … Continue reading Market Snapshot – Can Trump Turn it around on Capitol Hill
European stock markets moved higher, following on from gains in Asia, where stock markets bounced back and the Nikkei jumped nearly 1.5%, as technology and telecom stocks led the way and a weaker Yen added support. Profit taking seems to have run its course and traders are left concerns about the progress of U.S. tax … Continue reading Stocks Rebound as Correction Runs its Course
The German index gapped lower and below the €13,000 level at the open on Wednesday, and then proceeded to drive down to the €12,900 area. This is an area that I said signify the bottom of support, and if we can break above the gap from the open during the day, I think this would … Continue reading DAX Index Price Forecast November 16, 2017, Technical Analysis
SEOUL, South Korea (AP) — Asian stock markets were mostly firm on Thursday and oil prices were steady, despite a second straight day of losses on Wall Street overnight. But analysts said it was too early to say risk sentiment was back after a day of heavy losses in Asia. Other than on-going worries about the prospect of the U.S. tax reform plan and the pace of the Federal Reserve's rate hike, there were little market-moving headlines.
The “universal” nature of the broad retreat is “quite rare” and something we typically see at “major turning points.”
European stocks struggled for a seventh straight session Wednesday, with strength in the euro and a drop in commodity stocks drawing the regional benchmark to around a two-month low.
Inflation Data as per Expectations It has been a busy day in the markets today as we have witnessed a lot of volatility to continue from where it left off yesterday. Compared to the boredom that we saw in the markets last week, we are seeing much more volatility and vibrancy in the markets this … Continue reading Market Snapshot – US Data Comes in As Per Expectations
WTI futures are down more than 1% following the larger than expected build in crude oil inventories reported by the American Petroleum Institute on Tuesday evening. This comes on the heels of Tuesday report from the International Energy Agency that called into question future demand. The IEA’s monthly report, raised oil supply forecasts, and reduced … Continue reading The Crude Oil Rally is Threatened by Inventory Build
After falling for four consecutive trading days, Germany’s DAX Index opened lower on November 15. The DAX Index lost strength last week.
European equities failed to end Wednesday's trade on a positive note, as market sentiment was hit by a downturn in commodity stocks and prices.
The German index fell initially during the day on Tuesday, reaching down towards the €13,000 level before bouncing slightly. The market looks likely to find a lot of buyers underneath, and that we could eventually go to the upside, perhaps reaching towards the 13,500 level again. The German index of course is sensitive to the … Continue reading DAX Index Price Forecast November 15, 2017, Technical Analysis
TOKYO (AP) — Shares fell in Asia on Wednesday, tracking modest losses overnight on Wall Street, where the biggest drop in crude oil prices since October weighed on oil producers and other energy stocks. Japan's Nikkei 225 index slumped 0.9 percent after a lackluster GDP report for July-September.
European stocks drop for a sixth session in a row Tuesday, hurt as the euro leaps to a three-week high on the back of stronger-than-expected economic growth figures from the eurozone, while miners slump ...
Stock Markets Buoyed The stock markets continued to trade in a buoyed manner as the dovishness of the various central banks have begun to have an effect on the markets and have led the stocks higher. This is in line with what we have been saying over the last couple of months where we have … Continue reading Market Snapshot – UK Inflation Data Disappoints
European stocks finished Tuesday's trading day in negative territory, as a sharp decline in commodities weighed on investor sentiment.
Global equity markets faltered Tuesday, pulled lower by Wall Street, where stock prices fell following lacklustre Chinese economic data and mixed earnings from leading US retailers ahead of the key holiday ...