|Day's Range||5,345.28 - 5,399.72|
|52 Week Range||4,555.99 - 5,626.02|
The European majors continue to be gripped by the U.S – China trade war. The U.S may need to take a softer stance yet for China to resume talks…
The futures are flashing green early in the day, in spite of a mixed Asian session. A lack of chatter on trade could prove to be positive.
U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown. The selling came after Nikkei Asian Review reported that Infineon had halted shipments to Huawei after Washington added the world's No. 2 smartphone maker to a trade blacklist last week, imposing restrictions that will make it difficult to do business with U.S. companies. Reuters reported that Alphabet Inc's Google had suspended some business with Huawei and Lumentum Holdings Inc, seen as a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.
A quiet day on the economic calendar leaves the Oval Office as the main area of focus. What’s the next move in the U.S – China trade war?
U.S. President Donald Trump's bid to blacklist Huawei has further intensified trade tensions, while the Chinese ruling Communist Party's newspaper has insisted the trade war will only make China stronger. The morning's biggest loser was British tour operator Thomas Cook, which saw its shares plummet 30% by mid-morning, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration's bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party's newspaper striking a defiant tone.
The Eurozone’s trade surplus widened from €17.9bn to €22.5bn in March. Imports increased by 4.8% over the same period, leading to a narrowing of the trade surplus from €46.5bn to €43.5bn in Q1. Finalized inflation figures out of Italy had a muted impact, with the finalized numbers being in line with prelim.
Following some weak numbers out of China, will Germany’s GDP numbers also disappoint? There’s a lot hanging on the hope of a trade deal…
Can the European majors avoid a sell-off? The futures markets are pointing to a positive open, which is in stark contrast to the U.S futures…
The futures are pointing to a bullish open, but it ultimately hinges on the U.S – China trade talks. Will there be enough progress?
The pan-European STOXX 600 was down 0.8% during early afternoon deals, with all sectors and major bourses in negative territory. Sentiment continued to be curbed by trade tensions between Washington and Beijing. President Donald Trump claimed overnight that China "broke the deal" in negotiations.
All eyes are on Washington today as the U.S – China trade talks are set to resume. The markets will unlikely be interested in anything else…
European stocks were lower Wednesday amid escalating fears of a breakdown in trade talks between the U.S. and China. Despite the news that Chinese Vice Premier Liu He would travel to Washington on Thursday, fears have been growing that the proposed trade deal between the two economic powers is unraveling. European stocks traded lower on Wednesday as the escalating threat of a trade war between the U.S. and China continued to weigh on major markets.
The Futures are pointing to a slide at the open, with the FED’s fence-sitting having removed one of the key support mechanisms for the major indexes.
London's FTSE traded lower Wednesday midday as investors await the latest monetary policy decision from the U.S. Federal Reserve. Other major European markets are closed for the May Day public holiday. London's FTSE index pared gains to trade lower Wednesday midday as investors await the latest monetary policy decision from the U.S. Federal Reserve.
It’s a busy day ahead on the economic and earnings calendars. The numbers will need to impress to support the majors following weak stats out of China earlier…