|Day's range||5,834.26 - 5,890.39|
|52-week range||4,555.99 - 5,966.79|
Direction on the day hinges on two bills awaiting Trump’s signature. The signing of both would test risk appetite and sink hopes of a trade agreement.
* U.S. grants Huawei new 90-day license extension Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Market strategist Kevin Muir, author of the Macro Tourist newsletter, has left East West Investment Management and now wants to make a big contrarian bet.
* U.S. grants Huawei new 90-day license extension Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Four little points is all it would take to lift the MSCI All country World Index to its highest level ever as a wave of upgrades from banks and asset managers in their 2020 equity outlooks fuels bullishness across the world. The only trepidation out there, as one says in our newsroom, is that the rally is wholly dependent on a trade deal being sealed by the U.S. and China by the next tariff deadline of Dec 15.
Trump could respond to China’s latest concerns over tariffs with the threat of more tariffs… There are no stats to provide a distraction…
World shares were within touching distance of a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015. The news helped Asia's main markets get the week off to a solid start.
With no material stats to provide direction, geopolitics will be the key driver on the day. Updates from the weekend will set the tone…
While economic data will influence, Beijing and Washington will likely have the greatest impact on risk appetite in the week ahead.
It was a particularly busy week, with economic data, monetary policy, and geopolitics providing direction throughout the week.
* UK financial sector suffers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Global markets are in cruise mode but their complacency is likely to make equity markets vulnerable to correction in the short term, UniCredit says. With sliding earnings estimates for 2020 and valuation levels limiting further upside, UniCredit expects an increasing likelihood that profit-taking will occur.
Jan Gooding has had one of the most storied “portfolio” careers in the world of advertising and is the chair of Stonewall.
Trade talks hit yet another snag as demands for the U.S test China’s resolve. Economic data out of the U.S will also influence later in the day.
Jan Gooding has had one of the most storied 'portfolio' careers in the world of advertising and is the chair of Stonewall.
Trump comments on trade and caution ahead of Powell’s testimony to Congress later today leaves the futures in the red early on…
It’s a big week for the markets. UK politics and trade are in focus on the geopolitical front, with the RBNZ also in action. Stats will also influence.
While economic data had some impact, progress on trade drove demand for the Dollar, which left the rest of the majors in its tracks…
Trade data out of Germany and corporate earnings are in focus, with trade data out of China to set the tone earlier in the day.
It will be another testy day ahead for the majors, with earnings, economic data, and sentiment towards trade providing direction.