^GDAXI - DAX PERFORMANCE-INDEX
| Previous close | 10,332.89 |
| Open | 10,490.65 |
| Volume | 0 |
| Day's range | 10,462.26 - 10,581.38 |
| 52-week range | 8,255.65 - 13,795.24 |
| Avg. volume | 141,126,738 |
- Yahoo Finance UK
What to watch: Oil climbs ahead of OPEC+ meeting, US jobless claims, and Diageo axes buyback
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Yahoo Finance UK
FTSE 100 jumps as Bank of England takes extraordinary measures
Stocks also rose across Europe amid continued signs that the global coronavirus pandemic could be reaching its peak.
- FX Empire
European Equities: COVID-19 Updates and U.S Stats in Focus
The Futures point northwards as the latest coronavirus numbers reveal an easing in the number of new cases.
- FX Empire
Mid-Week Drivers: COVID-19, Oil Prices and Russia and Boris Johnson
Riskier assets find support early in the week, but downside risks remain as the spread of the coronavirus continues and central banks signal more easing.
- Bloomberg
European Stocks Erase Drop on Bets More Stimulus to Help Growth
(Bloomberg) -- European stocks erased the day’s declines on the optimism that more stimulus measures will limit the fallout from the deadly pandemic.The Stoxx Europe 600 Index closed up less than 0.1% after losing as much as 1.5% today after finance chiefs in the region failed to agree on an economic recovery plan. Travel stocks led the gains along with technology, while miners and insurance companies slumped.The U.S. is pushing for additional support to weather the pandemic, with the top Democrats in Congress Wednesday proposing lifting the next round of economic stimulus to $500 billion. While the coronavirus remains a critical issue, Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, said the start of a turnaround in the fight against the disease could come after this week.European stocks have been rebounding from their March low, boosted by stimulus measures and optimism that the virus outbreak is stabilizing in parts of Europe. Germany’s DAX Index on Tuesday exited its shortest bear market on record, before fresh declines followed today.Risk sentiment dimmed earlier on Wednesday after European Union finance chiefs couldn’t agree on the steps needed to counter the impact of the virus. Shares trimmed losses after Germany’s finance minister said an agreement is close and likely to take place before Easter.“Words could mean more to the markets this week than numbers,” said Christopher Smart, chief strategist at Barings Investment Institute. “Economic data will continue to be terrible and the curves of new infections will flatten at different locations at different speeds. The degree of market swings still shows how uncertain the situation is.”Data, meanwhile, stoked pessimism. France’s central bank estimated that its economy shrank the most since World War II in the first quarter of the year. And Germany’s leading research institutes forecast the country’s GDP will shrink 4.2% this year before expanding in 2021.In the latest data on the spread of the virus, the number of new infections in Germany rose the most in three days. Britain, U.S. and Italy may see the number of virus-related deaths exceed 5,000 in the coming week, according to a forecast by Imperial College London.“We do believe that we’ll get out of this and the recovery will be quite strong, but the dip in the meantime is pretty significant,” Peter Oppenheimer, chief global equity strategist at Goldman Sachs Group Inc., said on Bloomberg TV. “Because this is effectively a stopping of demand, from which there should be a recovery, as long as there isn’t too much second-round effect damage in the economy during the lockdown, you would expect quite a strong rebound after.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- FX Empire
The Ray of Hope Fades as COVID-19 Cases Rise and EU Member States Find Little in Common
EU ministers fail again at delivering a much-needed COVID-19 economic package to support the worse affected, yet the EUR holds on…
- Yahoo Finance UK
What to watch: Southampton team's coronavirus test, Asos raises £247m, oil rises
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- FX Empire
That Can Be a Very Important Day for Global Indices!
Indices performed greatly in yesterday’s trading session but as the day progressed, traders gave up on earlier gains, this can potentially be a negative sign making this session a very significant one.
- Yahoo Finance UK
Stocks fall as eurozone leaders fail to agree coronavirus stimulus deal
Marathon talks among eurozone leaders failed to produce agreement on further coronavirus stimulus measures.
- FX Empire
European Equities: Futures Point to a Negative Open as New COVID-19 Cases Rise
Futures point to the red as France and Italy report a rise in the number of new cases, weighing on hopes of a downward trend in new cases.
Investing.comStocks - Europe Weakens; Finance Ministers Split on Funding
European stock markets weakened Wednesday, as the region’s finance ministers failed to agree on how best to finance the response to the coronavirus crisis, reviving old doubts about the long-term viability of the euro. The broader based Stoxx 600 Europe index dropped 0.6%. Eurozone finance ministers have again failed to agree on an economic package to support the region’s economy after all night talks brought no breakthrough.
- FX Empire
Major Indices Crash 38,2% Fibonacci
While the future remains uncertain and there are talks of unemployment reaching an average of 30%, at this point it seems traders aren’t worried, as long as they have cheaper stocks to trade on and that’s why today’s focus will be on indices.
- Yahoo Finance UK
What to watch: Cineworld suspends dividend, WHSmith raises £166m, stocks rise
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Yahoo Finance UK
Stocks climb amid further signs of coronavirus plateau in Europe
Investors assessed data that suggested the growth in coronavirus deaths was tailing off on the continent.
- Bloomberg
Germany’s DAX Rebounds 20% From its Coronavirus Crisis Low
(Bloomberg) -- Germany’s benchmark DAX Index is poised to exit a bear market that began last month, after rising 20% from last month’s low that was spurred by worries about the coronavirus pandemic.The export-heavy gauge, which fell as much as 40% in the sell-off that began late February, has rebounded in recent weeks by indications that infection rates in parts of Europe may be nearing a peak and on positive signals from China, where the latest PMI figures pointed to a V-shaped economic recovery. The DAX advanced 3.4% as of 9:35 a.m. in Frankfurt.“The current bounce in equity markets is banking on a rather optimistic scenario for Covid 19 infection curves and a quick revival of global economic activity. Hence it makes sense to see the DAX gauge to do better,” Frederik Hildner, a portfolio manager at Salm-Salm & Partner, said by phone. “However, not retesting the lows in the absence of major medical progress would simply be astonishing to me,” he says.Read more: China’s Bounce Helps Europe Shares. Up to a Point: Taking StockThe DAX’s rebound from a March 18 closing low has been led by Fresenius SE & Co. KGaA, Infineon Technologies AG and Allianz SE, up 43%, 40%, and 39% in the period respectively.With recent gains, the German gauge has trimmed its 2020 decline to 21%, in line with the Stoxx Europe 600 Index.“The economic impact has yet to be seen and can once again thwart the recent price recovery,” says Andreas Lipkow, noting that the recent bounce is more technical then fundamental.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Yahoo Finance UK
Angela Merkel’s final act is her biggest challenge so far
Europe's most seasoned crisis manager, Merkel has been called on to step up again in her final term.
- Investing.com
Stocks - Europe Seen Higher; More Stimulus Expected
European stock markets are set to push higher Tuesday, following on from Monday’s strong gains, as investors look for more financial aid to help bolster the region’s battered economies. At 2:25 AM ET (0625 GMT), the DAX futures contract in Germany traded up 1.1%. France's CAC 40 futures were up 1.9%, while the FTSE 100 futures contract in the U.K. rose 1.4%.
- FX Empire
European Equities: Futures Point to More Gains as Italy Reports a Marked Fall in New Cases
The futures point to more upside following Monday’s rally, with economic data likely to have little influence. COVID-19 numbers will need to be market positive, however.
- FX Empire
A Ray of Hope Delivers Riskier Assets a Boost. The Dust Has Yet to Settle, However
Riskier assets find strong support off the back of the latest COVID-19 numbers. Some caution is still needed, however…
- Yahoo Finance UK
What to Watch: WHSmith seeks cash, rise in stocks and sterling, building work collapses
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Yahoo Finance UK
Stocks jump as global coronavirus case growth slows
The growth in new cases over the last 24 hours was the lowest in nearly three weeks and the growth in total deaths is also slowing.
- Investing.com
StockBeat: A Macro Bounce, but BMW Shows Recovery Path Still Uncertain
By Geoffrey Smith
Investing.comStocks - Europe Pushes Higher; Virus Optimism Rises
European stock markets posted strong gains Monday, helped by signs of a slowdown in coronavirus-related deaths in the region, and by expectations of more financial aid to help bolster its battered economies. The broader-based Stoxx 600 Europe index climbed 2.6%. The number of deaths has fallen in recent days in Italy and Spain, the two European countries worst hit, as well as in Germany, the region’s most populous country.
- FX Empire
European Equities: COVID-19 Numbers Improve to Support Riskier Assets
Futures point to a bullish start to the European session as the number of new coronavirus cases eased on Sunday.
