|Day's range||10,684.62 - 10,884.62|
|52-week range||10,585.77 - 13,596.89|
A morning burst driven by hopes for U.S.-China trade talks gave way to losses triggered by falling bank stocks and the threat of a federal government shutdown. Slightly more stocks fell on the New York Stock Exchange than rose. It's the latest in a series of sharp turns in direction for the market, which has lurched up and mostly down since late September as investors recalibrate how worried they are about the global trade war, rising interest rates and expectations for a slowing economy.
FT subscribers can click here to receive Market Forces every day by email. Italy and “Lo Spread” has competition. “Le spread” is heating up as France’s U-turn on fuel taxes and announcement by president Emmanuel Macron of new spending measures comes when the country’s budget deficit was already forecast at 2.8 per cent of GDP for 2019.
European stocks rallied Tuesday morning, as the world's two largest economies sought to push forward with the next stage of trade talks.
SINGAPORE (AP) — Asian markets were mixed Tuesday in narrow trading on doubts that U.S. and China can manage to resolve their festering trade dispute.
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.
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.
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.
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.
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.
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 ...
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.
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.
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.
European shares fell back on Friday as weak data from China rekindled anxiety over slowing growth and investors fretted ahead of Saturday's crucial G20 talks between U.S. President Trump and China's Xi Jinping over trade. Germany's DAX, the most sensitive to China due to its big exporters, fell 0.6 percent. "There are only two people in the world that can deliver a Santa rally, Trump and Xi, and I don't see that happening," said Peter Garnry, head of equity strategy at Saxo Bank in Copenhagen.
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.
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.
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.
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.
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 (.STOXX) 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.