|Day's range||7,437.87 - 7,475.91|
|52-week range||6,536.50 - 7,903.50|
According to the average response in a Bloomberg poll, the Stoxx Europe 600 Index is likely to fall 8.9 percent from Wednesday’s close, to 355 points, by the end of 2019. The Euro Stoxx 50 Index, home of the euro-area’s biggest companies, is seen retreating 6.4 percent from current levels, to 3,255, the survey shows. The region’s equities are being torn between conflicting signals: optimism over global growth has helped boost the value of the Stoxx 600 by about $1.7 trillion from its December lows, while outflows from European equity funds continue almost non-stop.
TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news.
In a shortened week ahead, economic data and earnings will be the key drivers. Stats will need to really impress to shift sentiment towards FED policy.
It was a big week for the majors, with risk appetite finding its feet following better than expected earnings and stats at the end of the week.
Football is one of the most popular sports in the world that has won the hearts of millions of men (and women are not indifferent to it as well). Although I am not a passionate football fan, I try to keep track of developments in the field. All the more so, because the quarter-finals of the Champions League started.
Trade hopes continue to support stocks while traders wait on the final deal, and the start of earnings season on Friday.
Unease over Brexit has sent investors fleeing from UK stock funds for a fourth consecutive week, bringing the total drained from such funds to nearly $25bn since the 2016 vote on leaving the EU. Investors withdrew $304.5m from funds that invest in UK shares for the week ending Wednesday, extending the total for the year past $1bn and to $24.8bn since the vote three years ago, according to EPFR Global data. “The continued uncertainty and a cloudy road map on Brexit and what it will mean for trade relationships and corporate earnings are leading to outflows,” said David Donabedian, chief investment officer of CIBC US Private Wealth Management.
Airlines and travel stocks were the FTSE 100’s top performers on hopes that the six-month Brexit deadline delay would take some of the risk off summer season bookings. EasyJet , Tui , Thomas Cook and British ...
On the face of it, UK equity prices hammered down by concerns over Brexit present a real bargain for overseas investors. Stock prices in the UK have risen about 5 per cent in dollar terms since the 2016 Brexit referendum, hugely underperforming the S&P 500’s near-40 per cent gain.
It’s a big week ahead for the Pound. Will Britain leave the EU with a deal, without a deal or extend? Trade talk and stats will also be in focus.
It was a hectic week for the global financial markets. Progress on trade talks was positive, while the influence of Brexit and the stats were mixed.
Wall Street closed out another solid week of gains Friday as the stock market hit its longest winning streak in a year and a half. Health care, energy and technology companies accounted for much of the broad rally, which extended the S&P 500's consecutive run of gains to seven days. Small company stocks did better than the rest of the market.
Domestic names recovered earlier this year as investors drawn to their cheap valuations also judged the risk of a no-deal Brexit to be receding. Recently, they’ve taken a beating again, as the proposed deal’s third failure fueled growing confusion over the country’s political and economic outlook even as data remained resilient. While a no-deal divorce is still a fringe case for markets, it remains the default outcome, if neither an extension nor May’s deal is passed.
Gambling group GVC said it had achieved double-digit online growth in the first quarter as it sought to offset the slowdown in its retail business. last year but its share price has been slipping in recent months as it faces tighter regulation in the UK market, including a cut to the maximum stake permitted on fixed-odds betting terminals, which was imposed last week. To boost its revenues, GVC has been looking to expand online and in the US where it signed a joint venture with MGM Resorts in July to provide a sportsbook and online gaming to the nascent US sports betting market.
As the original March 29 date for the UK’s departure from the EU came and went, politicians have battled without pause over the nature of the country’s divorce from the bloc. Advisers report some clients had postponed such decision-making until after “Brexit Day”, only to find the picture is no clearer.