|Day's Range||10,585.77 - 10,757.73|
|52 Week Range||10,585.77 - 13,596.89|
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.
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.
The pan-European Stoxx 600 was up over 1.6 percent by the mid-afternoon, with all sectors and major bourses in positive territory. Market focus is largely attuned to tensions between the world's two largest economies, after the arrest of Huawei's chief financial officer threatened to derail progress in U.S.-Sino trade talks. Germany's Fresenius SE tumbled to the bottom of the index after the healthcare group slashed its medium-term guidance late Thursday.
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.
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.
The pan-European Stoxx 600 fell more than 2.2 percent during mid-morning deals, with all and major bourses sectors in negative territory. Market focus is largely attuned to the arrest of a top executive at Chinese tech giant Huawei, amid investor concern that the news could derail progress in U.S.-Sino trade talks. European stocks retreated Thursday morning, amid fears of a fresh flare-up in tensions between the world's two largest economies.
Gains followed China’s announcement that it will swiftly follow through on trade pledges made at the weekend meeting of Presidents Donald Trump and Xi Jinping. Given the market attention on inversions of parts of the U.S. yield curve, gains when Wall Street reopens Thursday may be limited.
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.
The pan-European Stoxx 600 slipped around 0.8 percent during mid-morning deals, with almost all sectors and major bourses in negative territory. Market focus is largely attuned to global trade developments, amid rising doubts that the world's two largest economies will be able to secure a comprehensive trade deal during a cease-fire on tariffs. Trading volumes are expected to be relatively low on Wednesday, with U.S. stock markets closed as citizens observe a national day of mourning for President George H. W. Bush.
The pan-European Stoxx 600 was down around 0.4 percent during mid-morning deals, with most sectors and major bourses in negative territory. Market focus is largely attuned to global trade developments, after news of a temporary trade truce between the U.S. and China had sparked a global rally in equity markets in the previous session. Meanwhile, oil prices continued to rise after surging more than 4 percent at the start of the trading week.
The pan-European Stoxx 600 was up more than 1.6 percent during mid-morning deals, with almost all sectors in positive territory. Germany's DAX index led the gains among the major bourses, surging around 2.5 percent Monday morning. Market focus is largely attuned to global trade developments, after Washington and Beijing effectively agreed to pause their trade war and work toward a more comprehensive pact.
LONDON/MILAN (Reuters) - With sluggish growth translating into the most disappointing earnings in years, European stocks are set for a tough ride if a full blown Sino-U.S. trade war erupts following Presidents Donald Trump and Xi Jinping's G20 dinner on Saturday. The ongoing tariff dispute has already made the Chinese economy sneeze and given a cold to some of Europe Inc's most iconic powerhouses due to their heavy exposure to the world's second biggest economy. This drag is set to continue even if Trump and Xi's meeting ends cordially.
Leaders from around the globe are set to discuss key issues during this two-day G-20 summit, with many investors paying close attention to two leaders in particular: President Donald Trump and China's President Xi Jinping. Investors are paying special attention to a meeting between President Donald Trump and China's President Xi Jinping.
Jerome Powell said that he deems the Fed's benchmark interest rate to be close to a neutral level, marking a step away from comments made in recent months. In individual stocks news, Britvic shares rose more than 5 percent after it said its sugarless drinks had boosted sales. European stocks moved higher on Thursday morning, on the back of a key speech by Federal Reserve Chair Jay Powell.
The pan-European Stoxx 600 edged up around 0.1 percent during mid-morning deals, with sectors and major bourses pointing in opposite directions. What investors are keeping an eye on: trade relations between China and the U.S., Brexit, Italy's economy and a speech by Fed Chair Jerome Powell. European stocks were slightly higher Wednesday morning, as investors attempted to decipher conflicting signals over the potential for a reprieve in the U.S.-Sino trade dispute.
European shares will move in a tight range going into the year-end and throughout 2019, a Reuters poll showed, as slowing growth, political risks and worries over Washington's protectionist policies keep investors on the sidelines. European and euro zone indices have fallen 8-10 percent so far this year, lagging Wall Street, as analysts have been slashing their earnings growth forecasts amid a weakening economic outlook and tensions over Italy's budget. The pan-European STOXX 600 benchmark index is expected to reach 365 points by year-end, according to the poll of 27 brokers, fund managers and analysts, 1.9 percent above Monday's close of 358 points but 6.2 percent down on the year.
Tit-for-tat trade war talk between China and the U.S. is back on the agenda, ahead of a G-20 summit. Travel and leisure stocks were lower on the back of a profit warning by Thomas Cook. European stocks dropped on Tuesday, as investors monitored a number of political events including Brexit and Italian budget plans, and digested further comments from President Donald Trump.
European stocks rallied Monday afternoon, as investors digested fresh developments surrounding the U.K.'s withdrawal process from the EU.