|Day's range||4,201.84 - 4,244.18|
|52-week range||3,632.06 - 6,111.41|
Futures are pointing to a fall at the open for the DAX. A lack of stats will leave COVID-19 updates and chatter from governments in focus.
Market volatility will continue until the spread of the virus abates. The numbers suggest that we are some way off…
European stock markets traded sharply lower Wednesday, as the latest round of purchasing manager surveys across Asia and Europe kept investors focused on the scale of the economic crisis caused by the coronavirus pandemic. The broader based Stoxx 600 Europe index dropped 2.8%. Factory activity also dropped sharply across most of Asia in March, according to Markit's PMIs, with regional economic powerhouses Japan and South Korea, major exporters to Europe, posting their biggest contractions in about a decade.
As a dismal quarter comes to an end, economic uncertainty remains, with the coronavirus expected to deliver a Eurozone recession…
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
The Futures are pointing to a positive open. Economic data and COVID-19 numbers will need to provide some hope, however, to support a 2nd day in the green.
At 3:35 AM ET, U.S. crude futures traded 6.0% lower, at $20.21 a barrel, on the prospect of lower U.S. fuel demand for longer. The international benchmark Brent contract fell 6.0% to $26.26.
Riskier assets came under pressure going into the European open. A sharp increase in new COVID-19 cases and more stringent containment measures weigh.
It’s a particularly busy week ahead. Economic data, Brexit negotiations, and updates on the coronavirus will continue to keep the markets on edge.
It was another hectic week in the global financial markets as the markets grappled with coronavirus news updates, fiscal stimulus, and weak economic data.
A run of 5 consecutive weeks in the red came to an end for the European majors, as government and central bank support overshadowed the doom and gloom.
European stock markets traded lower Friday, with investors taking stock after recent hefty gains and as the coronavirus pandemic continues to reap damage throughout the region. The broader based Stoxx 600 Europe index dropped 2.5%. The number of Covid-19 infections have continued to mount worldwide, to well above 500,000, but the news from Italy, the epicenter of the outbreak in Europe, has been disappointing as infections surged Thursday by 6,153, the most in five days.
The DAX30 saw a more modest 1.28% gain on Thursday as the majors rebounded from early losses. Hope prevailed on the day as the markets bet on the stimulus package to support the U.S economy and U.S workers. The move came in response to the U.S weekly jobless claims figures.
Stocks climbed on both sides of the Atlantic even after US unemployment claims surged to a record-breaking 3.3 million.
European stock markets pushed lower Thursday, amid concerns about the extent of the economic damage caused by coronavirus pandemic as investors still wait for action from policy makers. The broader based Stoxx 600 Europe index dropped 1.0%. The latest economic releases in Europe showed German consumer morale hitting its lowest level since 2009 while French business confidence plunged at a record pace in March, to its lowest since 2014.
With the EU in lockdown mode, another rally would defy logic. The ECB’s Economic Bulletin and U.S employment figures could bring the majors back to earth…
Stocks were mixed after US lawmakers agreed on a sweeping stimulus package designed to curb the economic fallout of coronavirus.