|Day's range||12,701.26 - 12,760.20|
|52-week range||11,726.62 - 13,596.89|
Fears the spat between the world's two largest economies could intensify added to pressure on oil prices on Monday after China said it would slap tariffs on U.S. oil, in response to Trump's announced tariffs on Chinese goods. As Kate King reports, those concerns saw European bourses start the week in the red, after Asian shares fell to a 2-1/2 week low.
After declining for four consecutive trading weeks, the United Kingdom’s FTSE 100 Index started this week on a weaker note. Carrying forward the weakness, the FTSE 100 Index opened lower on June 19 and was trading with weakness at five-week low price levels in the morning session.
According to Markit Economics, Germany’s service PMI weakened further in May, falling month-over-month to 52.1 from 53. It met the market estimate of 52.1 but marked its weakest expansion since September 2016.
BEIJING (AP) — Asian stocks tumbled Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods.
The FTSE 100 Index pulled back last week and clocked the fourth consecutive weekly loss. Carrying forward the weakness, the FTSE 100 Index opened June 18 on a weaker note and was trading at five-week low price levels in the morning session.
German markets rallied significantly during the week but did give back some of the gains on Friday. This was in reaction to the tariffs being announced by the United States on Friday, but overall this market looks as if it remains bullish in general.
The German index pulled back during the trading session on Friday, reaching down towards the €13,000 level. This is an area that has been important in the past, so it’s not surprising that the sellers stopped in this general vicinity.
NEW YORK (AP) — U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies.
The United Kingdom’s FTSE 100 Index closed higher on Thursday and broke the two-day losing streak. Carrying forward the strength, the FTSE 100 Index opened higher on June 15 and was trading with mixed sentiment in the morning session.
The German index exploded to the upside after the EUR/USD pair fell hard on Thursday. By doing so, we have sliced through the vital €13,000 level, which for me is a very significant turn of events.
The Nasdaq commanded the upside again and growth stocks showed strong moves on Thursday. The NYSE composite edged slightly lower and fell for a third day in a row.
Asian stock markets were mixed Friday after Wall Street largely finished with gains following the European Central Bank's announcement to phase out its bond-buying stimulus. Upbeat U.S. data helped bolstered ...
The United Kingdom’s FTSE 100 Index started this week on a stronger note and lost strength as the week progressed. Following a weak performance for two days, the FTSE 100 Index opened lower on June 14 and was trading with weakness in the morning session.
The German index rallied during the day on Wednesday, as we continue to see a little bit more of a “risk on” situation unfold in the equities markets. Beyond that, we have a significant amount of support just below, so it makes sense that we could continue to go to the upside.
Asian stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. South Korea's market benchmark tumbled 1.6 percent on the ...
According to a report from Markit Economics, the final Eurozone manufacturing PMI has been falling gradually from its record high of 60.6 in December 2017. It was the slowest expansion in manufacturing activity since February. Major member countries of the Eurozone such as Spain, Italy, Germany (EWG), and France (EWQ) also witnessed the slower expansions in manufacturing activity in May as compared to April.
The Flat base and plunge downward are the main characteristics of the diving board pattern. The DAX30 dropped then spiked heavily reaching 12954. At this point, the retracement is underway. There are two POC zones. 12770-83 is the first POC, while 12716-42 is the POC2. We might see the bounce if the price touches the zone. For bulls, ideally, the price should stay above the Diving Board pattern trendline 12651. Targets are 12900, 12954 and 13000 at the break of W H4- 12968.
The German index initially try to rally during the day on Tuesday but found enough resistance above the pull back towards the 50 SMA on the hourly chart. I believe that the market does have bullish pressure underneath though, and the fact that we continue to make “higher lows” suggests to me that we should continue to find buyers on dips.
According to a report by Markit Economics, Germany’s final manufacturing PMI has been falling gradually since December 2017. It stood at 56.9 in May as compared to 58.1 in April. The PMI figure met the preliminary market estimate of 56.8. May’s Germany manufacturing PMI figure was the lowest expansion in manufacturing activity since February 2017.
The United Kingdom’s FTSE 100 Index closed lower last week and recorded the third consecutive weekly loss. However, the FTSE 100 Index closed at one-week high price levels on Monday and started this week on a stronger note. Carrying forward the strength, the FTSE 100 Index opened higher on Tuesday and was trading at elevated levels in the morning session.