|Day's range||5,372.71 - 5,392.28|
|52-week range||4,995.07 - 5,657.44|
In commodity markets, oil prices fell ahead of a key meeting of OPEC and non-OPEC producers later this week. The dollar traded 0.8 percent lower against the yen early Tuesday morning. European stocks traded significantly lower Tuesday as investors worry that the U.S. and China are getting closer to a trade war.
European equity markets are struggling to reclaim their 2018 highs, but France wins the plaudits from investors who have plenty of reservations about portfolio exposure to Italy and Germany. France’s reformist president Emmanuel Macron “has been very lucky”, said Tristan Perrier, an economist at Amundi Asset Management. Eurozone growth has picked up since his election, while Mr Macron occupies “a very strong parliamentary position”, in contrast to Germany, Italy and Spain: “This improves France’s perception in financial markets,” added Mr Perrier.
According to Markit Economics, Spain’s service PMI rose marginally month-over-month in May, to 56.4 from 55.6. It beat the market estimate of 56.1 but marked its weakest expansion since December 2017.
The S&P 500 was down 20 points or 0.74% to 2,758.94 as of 9:38 AM ET (13:38 GMT) while the Dow composite decreased 235 points or 0.94% to 24,855.30 and tech heavy NASDAQ Composite fell over 61 points or 0.79% to 7,685.17.
European stock markets finished in the red Monday, as Angela Merkel’s tenure as Germany’s chancellor came under threat and the trade conflict between the U.S. and China remained in focus. Germany’s DAX 30 index (^GDAXI) fell 1.4% to end at 12,834.11, while France’s CAC 40 (^FCHI) gave up 0.9% to finish at 5,450.48. Trade tensions remained in the spotlight after China announced plans for retaliatory tariffs on U.S. goods worth $34 billion, including soybeans, whiskey and electric cars.
According to Markit Economics, France’s service PMI weakened month-over-month in May, falling to 54.3 from 57.4. It met the market estimate of 54.2.
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.
Investing.com – U.S. futures were lower on Monday as rising trade tensions between the U.S. and China continued to weigh on investors.The S&P 500 futures was down 16 points or 0.58% to 2,786.25 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 176 points or 0.70% to 24,933.0. Meanwhile tech heavy Nasdaq 100 futures fell 50 points or 0.69% to 7,231.25.On Friday U.S. President Donald Trump announced a 25% tariff on 818 different Chinese goods worth $34 billion beginning on July 6. China promptly retaliated with a 25% tariff on U.S. ...
Drops across European bourses accelerated in mid-afternoon action on Monday, with investors increasingly nervous over deepening trade disputes. Just after 1pm in London, the pan-European Stoxx 600 gauge ...
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.
The Zacks Analyst Blog Highlights: SAP SE, Infineon Technologies AG, Peugeot S.A., Ferrari N.V. and Eni S.p.A.
In the U.K., new forecasts from the British Chamber of Commerce showed Monday that the economy is on track to grow at its weakest rate since 2009, Reuters reported. Italian balance trade numbers showed a trade surplus of 2.9 billion euros in April, down from 3.693 billion a year ago. European markets traded lower Monday after President Donald Trump announced new tariffs against China.
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.
Bank stocks fall after ECB callGetty A container ship from China Shipping Line is loaded at the main container port in Hamburg, Germany. The broader Stoxx Europe 600 Index (^STOXX) fell 1% to 389.13, topped by the consumer goods and industrial sectors. Germany’s DAX 30 index (^GDAXI) retreated by 0.7% to 13,010.55, but posted a 1.9% weekly advance, and Spain’s IBEX 35 (^IBEX) dropped 1.1% to 9,851, but held on to a 1.1% weekly climb.
The S&P 500 was down 11 points or 0.41% to 2,771.16 as of 9:38 AM ET (13:38 GMT) while the Dow composite decreased 181 points or 0.72% to 24,993.69 and tech heavy NASDAQ Composite fell over 39 points or 0.51% to 7,721.38.
The pan-European Euro Stoxx 600 closed down by 0.8 percent, with all major bourses and most sectors in negative territory. This followed a rally in the Thursday session fueled by news from the European Central Bank on the future of its bond-buying program. Rolls Royce led the gains, up by about 8 percent.
Investing.com – U.S. futures slumped on Friday as trade tensions between the U.S. and China escalated.The S&P 500 futures was down 11 points or 0.42% to 2,776.75 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 152 points or 0.60% to 25,058.0. Meanwhile tech heavy Nasdaq 100 futures fell 19 points or 0.26% to 7,292.25.U.S. President Donald Trump announced tariffs on $50 billion of Chinese goods, with a list of 800 products expected to revealed on Friday. It is unclear what goods will be impacted and when the tariffs will go into effect. ...
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.
European stocks jumped, while the euro slumped against the dollar after the ECB indicated that it will not raise interest rates before summer 2019.
Chinese growth concerns were the one big drag on the market and mining stocksReutersEuropean Central Bank President Mario Draghi will hold a press conference Thursday. Stocks across Europe surged by the most in more than two months as the euro got walloped following the European Central Bank’s policy decision to wrap up crisis-era bond purchases by the end of 2018 and keep interest rates low for at least another year. The ECB’s plan’s to bring its easy-money programs to an end, on the back of an improving economic picture in Europe, were widely expected.
The S&P 500 was up eight points or 0.32% to 2,784.38 as of 9:41 AM ET (13:41 GMT) while the Dow composite increased 77 points or 0.31% to 25,278.83 and tech heavy NASDAQ Composite rose over 40 points or 0.53% to 7,736.31.
The pan-European Stoxx 600 pushed up during afternoon deals to close 1.4 percent in the green. This followed news from the European Central Bank which outlined the future of its massive stimulus program. Aveva shares led the gains, trading in the double digits throughout the day and closing up 12 percent.
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 ...
Investing.com - U.S. futures were flat on Thursday as investors mulled over comments from the Federal Reserve.
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.