|Day's range||10,788.09 - 10,927.37|
|52-week range||10,762.41 - 13,596.89|
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth.
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.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
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.
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.
FT subscribers can click here to receive Market Forces every day by email. Given the inferior performance of global stocks versus the S&P 500 so far this year, one can argue that Wall Street is perhaps recognising that there are limits to US exceptionalism. Beyond the US, it has been looking pretty gloomy for many global equity markets since the summer.
Asian stocks sank Wednesday after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire. KEEPING SCORE: Hong Kong's Hang Seng index fell 1.6 percent to 26,840.74 ...
Asian shares were mostly lower Tuesday as investors questioned if a 90-day truce in a tariffs battle will allow the U.S. and China to resolve a range of issues from technology development to trade. WALL STREET: A cease-fire in a trade dispute between the world's two largest economies lifted major U.S. indexes on Monday. U.S-CHINA TRUCE: On Saturday, a meeting between U.S. President Donald Trump and Chinese President Xi Jinping ended with a verbal agreement to hold off on further tariffs for at least 90 days.
BANGKOK (AP) — Share prices were mixed Friday in Asia ahead of the planned meeting by Presidents Donald Trump and Xi Jinping at the Group of 20 summit this weekend.
BEIJING (AP) — Asian stocks followed Wall Street higher on Thursday after U.S. Federal Reserve Chairman Jerome Powell suggested the pace of interest rate increases might slow.
SINGAPORE (AP) — World markets were mostly higher on Tuesday despite U.S. President Donald Trump saying it's "highly unlikely" he'll hold off on raising tariffs ahead of a closely-watched meeting with his Chinese counterpart.
U.S. stocks closed lower after a shortened session Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent below its most recent all-time high in September.
Investors have taken cautious stance as US Fed talks about global risks but price action in Asian equities show positive influence in market remains albeit cautious investor sentiment.
Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday.
A late afternoon wave of buying moved U.S. stocks higher Thursday. Gains in health care and energy companies powered the market higher. It also got a brief boost earlier after President Donald Trump expressed optimism that the U.S. and China will reach a deal to resolve their costly trade dispute.
Dax likely to trade positive over hawkish cues from Asian markets but upside move will be limited over cautious investor sentiment following overnight bearish rout in wall street.
BEIJING (AP) — Most Asian stock markets declined Thursday after Wall Street fell for a fifth day and Britain's Cabinet endorsed a draft agreement to leave the European Union.
TOKYO (AP) — Asian shares were mostly lower Wednesday, after the steepest drop in in oil prices in more than three years put investors in a selling mood on Wall Street.
As political woes in european market and news of possible tariff of European auto markets add bearish investor sentiment to European markets investors focus turns to Italian Budget for which EU’s deadline for making changes ends today.
Asian stocks sank Tuesday after a tech sell-off dragged Wall Street lower. KEEPING SCORE: Tokyo's Nikkei 225 tumbled 3.2 percent to 21,554.45 and Hong Kong's Hang Seng lost 1.1 percent. The Shanghai Composite ...
Global trade tensions and potential debt contagion from Europe’s weaker economic regions has added to the uncertainty and prevented potentially bullish investors from buying on dips.