|Day's Range||11,990.79 - 12,082.05|
|52 Week Range||10,279.20 - 13,170.05|
President Donald Trump predicts a swift end to the ongoing trade tensions. Prime Minister Theresa May announces she will resign as party leader on June 7. European stocks traded higher on Friday, with investors returning to risk assets as fears over the United States - China trade battle receded.
After a day of heavy losses, the futures are pointing to a positive open. Holding onto any gains could prove to be a challenge, however.
The pan-European Stoxx 600 was down by more than 1% in mid-morning deals with almost every sector in the red. Auto stocks led the losses, down by nearly 3%. This comes after renewed concerns over the trade relationship between the U.S. and China.
The futures are pointing to an edgy start with a mass of stats, EU elections and trade war chatter to drive the majors on the day.
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.
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…
It is becoming evident that the US/Chinese trade issues are going to become a point of contention for the markets going forward. We’ve been review as much news as possible in an attempt to build a consensus for the future of the US markets and global markets. As of last week, it appears any potential trade deal with China has reset back to square one.
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…