Following a patchy trading session in Asia, European stocks opened mixed on Monday as investors brace themselves for a risky week.
The STOXX-50 index still trades well above the 4,500.0pts mark despite its failure to clear the 4,535.0pts resistance, as gains in healthcare and industrial shares are offset by losses from the consumer non-cyclical, energy and basic...
Wait for the market direction to shift from a bearish to a bullish trend, or vice versa, in order to determine the most appropriate entry level to achieve more lucrative outcomes.
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Stock indices climbed higher in the Eurozone, alongside US futures contracts, as investors brace for the US jobs report.
Risk sentiment is on the rise everywhere in Europe this morning, with consumer cyclicals, industrial, energy and tech shares leading benchmarks higher towards new resistance levels following this morning’s German CPI data that came in line with...
European shares quickly bounced back up after opening lower on Thursday, as market sentiment was shaken overnight by hawkish monetary hints in Japan.
Some investors have been caught by surprise after BoJ Governor Kazuo Ueda hinted towards the end of the negative rates era in Japan, where the sparks of a more hawkish approach had a ripple effect across a wide range...
Stocks edged higher in Europe on Wednesday, extending gains registered in Asia overnight, as the prospects of a monetary dovish switch bolstered market sentiment.
In Europe, investors continue cheering on the recent dovish hints provided by ECB officials. Market sentiment towards riskier assets has significantly improved since historically hawkish central banker...
Stocks climbed slightly before paring some of their gains at the opening of Tuesday’s trading session in Europe, while Asian shares closed in the red, as macro data led market sentiment sideways.
The STOXX-50 index still trades inside its consolidation zone between 4,400.0pts and 4,430.0pts. Investors are experiencing patchy performances across all sectors as they...
Equities traded sideways in Europe on Monday amid mixed market sentiment towards risk ahead of a significant batch of new macro data this week.
The STOXX-50 index drifted shortly after the opening bell before bouncing back as gains in consumer non-cyclicals, industrials, and real estate shares offset losses seen in basic material and energy stocks.
Investors’...
Some folks on the TA side are looking at a HnS in Eurostoxx.
Hard to disagree with this tbh.
Decent R/R shorting here as stop can be quite tight vs potentially large profits.
Momentum waning as well.
Yesterday, the values of the PMI index (it is characterized as a leading indicator of industrial production and services) for European countries were published:
→ in Germany: fact = 42.3; expected = 41.1; a month earlier = 40.7;
→ in France: fact = 42.6; expected = 43.2; a month earlier = 42.6;
Although the index values are below 50, indicating a contraction in...
European benchmarks opened without clear direction on Thursday after mixed macro data failed to bolster market sentiment ahead of a long weekend in the US.
Lower transaction volumes and decreased market volatility traditionally occur during the long Thanksgiving weekend, when US investors stay away from their trading desks.
In addition, the recent batch of mixed...
Stock markets traded slightly higher but remained in their consolidation zone on Wednesday, as risk appetite seems to take a break ahead of the last batch of economic data before Thanksgiving.
European benchmarks are trading sideways, with the STOXX-50 index still inside its 20-points wide trading range, after yesterday's release of the FOMC minutes, alongside the...
Equities continued to consolidate on Tuesday in Europe, following a mixed trading session in Asia, as risk appetite lost momentum.
Most benchmarks traded sideways from Frankfurt to Madrid this morning, with gains in the industrial and basic material sectors offset by losses in financial and energy shares.
Not only have markets become less directional since the...
Shares markets opened mixed in Europe on Monday, holding gains ahead of further macro developments this week.
Market sentiment fluctuated this morning, as losses in Germany due to the sharp price action in Bayer, were offset by gains in Paris and Madrid.
Even if equities started the week without direction, risk appetite remains high from investors as the dovish...
European shares rose on Friday, despite Asian benchmarks closing in the red, as investors brace for Eurozone’s CPI figures.
The sell-off in Asian Equities due to the US-Sino trade war resurgence didn’t spread to European contracts on Friday, as investors continued to cheer on the prospect of a much more dovish monetary policy to come.
Indeed, cooling inflation,...
European markets fluctuated on Thursday as bullish sentiment took a break while holding recent gains.
The equity rally spurred by dovish bets following cooler-than-expected inflation reports has now widely spread. Following sharp price rises on most benchmarks and a weaker US dollar, many traders have taken out profit, leading to some consolidation or slight...
Stocks rallied in Europe on Wednesday, with a fresh boost to risk appetite as dovish bets resurge.
Market sentiment towards risky assets strengthened significantly after investors witnessed softer-than-expected inflation readings in the US yesterday and in the UK this morning.
These reports relieved stock investors, who now have more clarity on the likely path of...
