|Day's range||10,887.26 - 10,988.77|
|52-week range||10,585.77 - 13,596.89|
European stocks were mixed Thursday morning, amid signs of cooling trade tensions between the world's two largest economies.
U.S. stocks couldn't hang on to a big gain Wednesday, but they still finished broadly higher as technology and health care companies rose. Stocks initially rallied after the Wall Street Journal reported that China's government could make changes to its "Made in China 2025" economic development plan. "Any time you get some semblance of good news on trade, you've had this tendency to see a pretty sharp rally," said Liz Ann Sonders, chief investment strategist for Charles Schwab.
Positive proceedings of geo-political events and better than expected macro data helped boost German equities significantly.
FT subscribers can click here to receive Market Forces every day by email. Italy and “Lo Spread” has competition. “Le spread” is heating up as France’s U-turn on fuel taxes and announcement by president Emmanuel Macron of new spending measures comes when the country’s budget deficit was already forecast at 2.8 per cent of GDP for 2019.
Dax index yesterday closed near 52-week low on risk averse price action and is expected to continue trading in red during today’s market hours.
SINGAPORE (AP) — Asian markets were mixed Tuesday in narrow trading on doubts that U.S. and China can manage to resolve their festering trade dispute.
DAX is expected to open in red and trade with bearish bias owing to decreased risk appetite but downside is likely to be limited as common currency trades positive in broad market providing some measure of fundamental support to German equities.
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth.
Worries that the testy U.S.-China trade dispute and higher interest rates will slow the economy have made investors uneasy, leading to volatile swings in the market from one day to the next. On Monday, news that the U.S. and China had agreed to a 90-day truce in their escalating trade conflict drove stocks sharply higher, adding to strong gains the week before. The next day, as doubts mounted over the likelihood of a swift resolution to the trade dispute, stocks sank.
Oil prices continued to fall on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production. West Texas Crude oil futures for January slumped 0.43% to $51.27 a barrel, while Brent crude futures, the benchmark for oil prices outside the U.S., rallied 0.17% to $60.16. The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports.
Dax likely to trade range bound with positive bias as Asian equities saw relatively positive price action amid cautious investor stance ahead of US NFP.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
The arrest of a high-profile Chinese telecom executive at the behest of the U.S. government sent fear into financial markets that it could complicate talks between the U.S. and China, reigniting trade wars and wreaking damage on the global economy.
Another gap in the DAX, this time a bearish one. We start Thursday on the important mid-term horizontal support, which may help to lift the price higher. Why? Because that would be the gap closing movement and we all know that gaps love to be closed, especially on the DAX. The sentiment in the long-term remains negative but in the short-term, we can see this light in the tunnel.
DAX to trade with bearish bias for third consecutive trading session but downside could be limited owing to solid fundamental support.
Yesterday, the price broke the horizontal resistance created by the last week’s tops along with the upper line of the symmetric triangle. As we can see now, that is a false breakout pattern, which brings us a proper sell signal. DAX also has a false breakout pattern.
DAX index is expected to move with bearish bias today owing to bearish investor sentiment on worries of global economic slowdown, Brexit proceedings and cues from wall street rout which has triggered a bearish price action in Asian equities.
FT subscribers can click here to receive Market Forces every day by email. Given the inferior performance of global stocks versus the S&P 500 so far this year, one can argue that Wall Street is perhaps recognising that there are limits to US exceptionalism. Beyond the US, it has been looking pretty gloomy for many global equity markets since the summer.
Asian stocks sank Wednesday after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire. KEEPING SCORE: Hong Kong's Hang Seng index fell 1.6 percent to 26,840.74 ...
Asian shares were mostly lower Tuesday as investors questioned if a 90-day truce in a tariffs battle will allow the U.S. and China to resolve a range of issues from technology development to trade. WALL STREET: A cease-fire in a trade dispute between the world's two largest economies lifted major U.S. indexes on Monday. U.S-CHINA TRUCE: On Saturday, a meeting between U.S. President Donald Trump and Chinese President Xi Jinping ended with a verbal agreement to hold off on further tariffs for at least 90 days.
BANGKOK (AP) — Share prices were mixed Friday in Asia ahead of the planned meeting by Presidents Donald Trump and Xi Jinping at the Group of 20 summit this weekend.
BEIJING (AP) — Asian stocks followed Wall Street higher on Thursday after U.S. Federal Reserve Chairman Jerome Powell suggested the pace of interest rate increases might slow.
World markets were mostly higher on Tuesday despite U.S. President Donald Trump saying it's "highly unlikely" he'll hold off on raising tariffs ahead of a closely-watched meeting with his Chinese counterpart. KEEPING SCORE: Germany's DAX index gained 0.3 percent to 11,381.78 and France's CAC 40 added 0.2 percent to 5,006.05. Britain's FTSE 100 index was flat at 7,037.15.