|Day's range||12,959.65 - 13,067.69|
|52-week range||10,279.20 - 13,374.27|
Market uncertainty before the tariff deadline was reinforced by comments from U.S. Agriculture Secretary Sonny Perdue on Monday, who said President Donald Trump did not want to implement tariffs but did want to see "movement" from China. In the euro zone, Christine Lagarde holds her first meeting and news conference as ECB chief on Thursday.
It could be another day in the red for the majors as sentiment towards trade turns sour. Any positive data will be overshadowed by any trade talk…
Traders are cautious on Monday with an important vote in the UK and a tariff deadline for China on the calendar.
Global equity markets were in a sombre mood on Monday after Chinese export data highlighted the economic damage from the 17-month long trade war and re-focused attention on a crucial Dec. 15 tariff deadline. World markets had closed last week in an upbeat mood as forecast-beating U.S. jobs data reassured investors about the U.S. economy and sent MSCI's index of global stocks 0.8% higher but those gains stalled as worries about a Chinese economic slowdown returned. Several big events are due this week: The Federal Reserve meets on Wednesday, and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, the same day as Britain's parliamentary election.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, which will also see a parliamentary election in Britain, with the results due on Friday.
It was a bullish end to the week, in spite of more doom and gloom from Germany. Updates on trade will continue to be the key driver today.
It’s a big week ahead, with the ECB, the FED, trade, and the UK General Election in focus. Expect the stats to play second fiddle in the week.
The U.S. market surged in early trading after a blowout labor report. Activity may have slowed but labor markets and consumer health remain strong.
Rebound continues as hope for the Phase 1 trade deal lingers. China is silent on progress but confirms talks continue.
While it’s a quieter day on the economic calendar, the stats will have an influence as hopes of a trade agreement return…
Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going "very well" and a news report suggested key differences were being ironed out. European stocks rallied, with the blue-chip Euro STOXX 50 , Germany's DAX and French CAC 40 gaining more than 1%. The dollar slumped against the euro after the Institute for Supply Management (ISM) reported activity in the U.S. services sector slowed more than expected in November amid lingering concerns about trade tensions and worker shortages.
The catalyst behind the strength is a report from Bloomberg suggesting the United States and China were inching closer to a trade deal. The news is an about face from the narrative that drove Asian shares lower earlier in the day and Wall Street stocks sharply lower on Tuesday.
Chatter on trade dominated the news wires and the markets on Tuesday and will likely continue to do so. Expect data to influence, however.
French stocks were already under pressure after the US proposed $2.4bn of tariffs on French cheese, champagne, and handbags overnight.
Global markets are mixed following a series of sentiment damaging blows. The U.S. market is down -0.75% and extending Monday losses in early Tuesday trading.
Global markets are mixed on Monday after global trade relations took a turn for the worse.
Stock markets reversed earlier gains on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, overshadowing data showing that the Chinese and euro zone economies were stabilising. European stocks had initially rebounded towards four-year highs, as decent manufacturing data in China and renewed optimism over a trade deal between Washington and Beijing eclipsed last week's jitters.
It’s a busy day ahead, with manufacturing PMI numbers from China, the Eurozone, and the U.S in focus. Stats from the weekend provided early support.