|Day's Range||12,135.64 - 12,244.67|
|52 Week Range||11,726.62 - 13,596.89|
Dax likely to remain range bound today as Asian market momentum is expected to provide positive influence to German equities while Dax futures in international market trades in red ahead of European market hours.
European stocks were lower on Friday afternoon, as Turkey's ongoing currency crisis appeared to keep investors wary of taking on riskier assets.
Kazakhstan-focused miner Kaz Minerals slumped to the bottom of the European benchmark on Friday, tumbling more than 13 percent lower after Barclays cut its price target for the firm. Market focus is largely attuned to Turkey's ongoing currency crisis, with a dramatic fall against the dollar earlier this week sparking fears of contagion and a sell-off in emerging markets. European stocks were lower on Friday afternoon, as Turkey's ongoing currency crisis appeared to keep investors wary of taking on riskier assets.
The DAX30 has made a break below the trend line and at this point, it is still trapped below W L4 camarilla pivot. POC 12300-325 is the first POC zone that could initiate fresh selling if the price retests it. POC2 12500-520 is the POC2 with a very strong bearish confluence. However, we might see a direct drop without any retracement to POC zones. In that case, the target is 12045-65 zone. Watch for counter-trend moves and potential buyers within this zone.
DAX to open positive but possibility of upside movement remains limited on mixed global cues.
The currency rose slightly against the dollar on Thursday, after rallying Wednesday on the back of financial support from Qatar. Bourses in Europe climbed higher Thursday following news that China accepted an invitation from the United States to talk trade in late August. The positive news out of China pushed basic resources to trade over 1 percent higher.
Investing.com - Wall Street opened lower Wednesday on concerns about retail earnings and global market weakness.
German market closed on positive note as investors made most out of temporary reprieve from Turkish crisis and is expected to remain positive as German banks have very little exposure to Turkish crisis.
Investing.com – U.S. futures were higher on Tuesday as investors shrugged off economic uncertainty in Turkey.The S&P 500 futures rose 11 points, or 0.39%, to 2,836.50 as of 6:45 AM ET (10:45 GMT) while Dow futures were up 97 points, or 0.38%, to 25,312.0. Meanwhile tech heavy Nasdaq 100 futures increased 39 points, or 0.53%,to 7,456.25.The Turkish lira rallied on Tuesday, breaking a 5-day losing streak after the country's central bank pledged to provide liquidity in response to a meltdown which has unsettled global markets.The struggling currency sank to an all-time low of 7. ...
Dovish Cues from International market and positive sentiment surrounding hawkish German macro data play tug off war resulting in DAX turning range bound.
The euro zone will learn its latest growth rate figures at 10 a.m. London time (5 a.m. ET). Industrial production numbers and the ZEW economic sentiment index for the region will also be released at that time. European stocks traded in the black Tuesday morning as concerns over Turkey's economic woes eased.
Investing.com - U.S. futures pointed to a lower opening bell on Monday, as the economic crisis in Turkey rattled global markets.The S&P 500 futures fell 7 points, or 0.26%, to 2,829.50 as of 6:50 AM ET (10:50 GMT) while Dow futures slumped 74 points, or 0.29%, to 25,257.0. Meanwhile tech heavy Nasdaq 100 futures decreased 19 points, or 0.26%,to 7,407.50.The Turkish lira was slightly higher on Monday after Turkey’s central bank pledged to provide liquidity and cut reserve requirements for Turkish banks. ...
German DAX to continue bearish movement as Turkish crisis weighs down European market while German 10-year bond yields edge lower in response to spike in safe haven investments.
The pan-European Stoxx 600 was around 0.3 percent lower during mid-afternoon deals, with the majority of sectors trading in negative territory. Market focus is largely attuned to Turkey's financial woes, with the country's currency taking another slide to all-time lows of 7.2400 on Monday morning. European stocks were lower Monday afternoon, as Turkey's worsening economic crisis prompted investors to offload riskier equities and flee to safe-haven assets.
Investing.com – U.S. futures were lower on Friday as trade risk and geopolitical uncertainty weighed on investor sentiment.The S&P 500 futures fell 12 points, or 0.43%, to 2,841.50 as of 6:37 AM ET (10:37 GMT) while Dow futures slumped 98 points, or 0.38%, to 25,395.0. Meanwhile tech heavy Nasdaq 100 futures decreased 39 points, or 0.53%,to 7,436.0.Geopolitical tensions continued after the U.S. imposed fresh sanctions against Russia on Wednesday for its alleged part in poisoning a former British spy and his daughter in the UK. ...
DAX is expected to trade bearish today over dovish influence from trade war woes in Asian market and weak sentiment surrounding EURO as a result of Italy’s unsustainable spending spree.
European stocks traded lower Friday morning as investors reacted to corporate earnings, fresh turmoil in Turkey and the ongoing trade war between the U.S. and China.
Investing.com - U.S. futures inched forward on Thursday as investors look ahead to corporate earnings and monitor news for geopolitical and trade developments.The S&P 500 futures rose 2 points, or 0.10%, to 2,858.0 as of 6:50 AM ET (10:50 GMT) while Dow futures were up 12 points, or 0.05%, to 25,548.0. Meanwhile tech heavy Nasdaq 100 futures increased 7 points, or 0.10%,to 7,478.75.Media companies are in focus as dozens of companies release their corporate results as earnings season winds down. ...
DAX is expected to move range bound as investors remain cautious over mixed global cues such as Brexit woes affecting European markets & Sino-U.S. trade wars.
European stocks hovered around the flatline on Thursday amid a deepening U.S.-China trade dispute and a flurry of corporate earnings.
Investing.com – U.S. futures were flat on Wednesday as the Sino-U.S. trade war escalated and investors waited for earnings results.The S&P 500 futures rose 1 point, or 0.03%, to 2,860.75 as of 6:50 AM ET (10:50 GMT) while Dow futures were up 12 points, or 0.05%, to 25,612.0. Meanwhile tech heavy Nasdaq 100 futures was down half a point, or 0.01%,to 7,476.75.The U.S. announced on Tuesday that it will impose a 25% tariff on $16 billion of Chinese goods on August 23, as the trade war between the two largest economies in the world escalates. ...
DAX likely to remain neutral as European and Asian stock markets show subdued momentum and German macro calendar remains silent for the day.
The U.S. Dollar is trading lower against a basket of currencies early Wednesday as demand for the greenback as a safe-haven asset due to concerns over the trade dispute with China seems to be fading amid a stronger offshore Yuan. European equities are trading mixed Wednesday as investors monitor Brexit developments and another round of corporate earnings. Essentially, investors are taking their cues from similar price action in Asian and U.S. markets.
German DAX opened on positive note as European markets took cues from gains in Asian market & investors focus on positive earnings in US wall street.