|Day's Range||13,042.70 - 13,169.77|
|52 Week Range||10,279.20 - 13,374.27|
Share markets surprised themselves on Monday (December 2) with a better-than-expected start to a new trading month. The main reason: China. Manufacturing there apparently enjoyed an unexpected rebound in November. The purchasing managers' index - at 51.8 - marked the quickest expansion in almost two years. Europe helped too. France's PMI survey picked up at the fastest rate in five months. And Germany wasn't quite as bad as expected. For Frankfurt's Dax, that helped offset political worries - caused by new strains between its ruling parties. Baader Bank's Robert Halver. (SOUNDBITE) (German) HEAD OF CAPITAL MARKETS ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "The DAX is stable, which is surprising since the coalition is entering its next crisis. But what is important is that the Chinese attitude to their economy remains positive. Naturally, that's helpful for the German exports." In morning trading, the pan-European STOXX 600 followed through on Asia's optimism by closing in on fresh-four year highs. Dollar yen saw a six-month high ... And oil - with an additional boost on hopes of another OPEC output cut this week - jumped above 61 dollar a barrel. Sentiment around the UK was less buoyant. Its PMI survey shows manufacturers cut jobs in November at the fastest rate since 2012 ... As Brexit and a global trade slowdown caused the sector's longest decline since the financial crisis.
It’s a big day ahead for the majors. While the markets respond to the FED’s outlook on growth and policy, the UK elections, the ECB and trade are in focus.
Trading slows ahead of the FOMC announcement due Wednesday afternoon. No change in policy is expected but the committee’s outlook on inflation could move the market.
It could be another testy day ahead for the bulls, with uncertainty over trade and the UK election coinciding with the FED’s final policy decision…
Investing.com -- Low-level tit-for-tat measures between the U.S. and China continue as the clock ticks down to Sunday's deadline for the next round of U.S. import tariffs. Democratic Party Congressmen are set to send at least two articles of impeachment to the Senate to remove President Trump from office. Data from Asia looks weak, but Germany shows further signs of stabilization (but nothing more). And the American Petroleum Institute's weekly oil supply report is due. Here's what you need to know in financial markets on Tuesday, 10th December.
It could be another day in the red for the majors as sentiment towards trade turns sour. Any positive data will be overshadowed by any trade talk…
Traders are cautious on Monday with an important vote in the UK and a tariff deadline for China on the calendar.
It was a bullish end to the week, in spite of more doom and gloom from Germany. Updates on trade will continue to be the key driver today.
It’s a big week ahead, with the ECB, the FED, trade, and the UK General Election in focus. Expect the stats to play second fiddle in the week.
The U.S. market surged in early trading after a blowout labor report. Activity may have slowed but labor markets and consumer health remain strong.
Rebound continues as hope for the Phase 1 trade deal lingers. China is silent on progress but confirms talks continue.
While it’s a quieter day on the economic calendar, the stats will have an influence as hopes of a trade agreement return…
The catalyst behind the strength is a report from Bloomberg suggesting the United States and China were inching closer to a trade deal. The news is an about face from the narrative that drove Asian shares lower earlier in the day and Wall Street stocks sharply lower on Tuesday.
Chatter on trade dominated the news wires and the markets on Tuesday and will likely continue to do so. Expect data to influence, however.
Global markets are mixed following a series of sentiment damaging blows. The U.S. market is down -0.75% and extending Monday losses in early Tuesday trading.
Global markets are mixed on Monday after global trade relations took a turn for the worse.
It’s a busy day ahead, with manufacturing PMI numbers from China, the Eurozone, and the U.S in focus. Stats from the weekend provided early support.