|Day's range||9,495.69 - 9,615.64|
|52-week range||8,255.65 - 13,795.24|
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…
Major indices in the US and Germany managed to bounce from the 38,2% Fibonacci level which is currently considered a crucial resistance level and a major level in the coronacrash rebound.
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.
Market volatility doesn’t appear to be going anywhere and that’s not going to change until the spread of the coronavirus slows and slows materially.
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.
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.