EUROPEAN SHARES European share markets started the week on a mixed note as the "wait and see" trading stance continues ahead of a busy week. Stimulus measures and the US-Sino relationship remain the biggest market drivers at the moment and investors were slightly disappointed to see trade talks between Washington and Beijing, initially planned for…
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EUROPEAN SHARES European shares are trading higher on Monday as hopes of a US stimulus package and strong macro data from China provided a fresh boost to bullish sentiment. Even if the recent battle between Republicans and Democrats over the new stimulus package scared some investors last week, the four new executive orders recently signed…
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EUROPEAN SHARES Stocks opened mostly lower on Thursday in Europe amid weaker market sentiment following mixed developments on multiple fronts. Rising US-Sino tensions, increasing virus cases on the old continent and the recent batch of mixed macro data are some of the clouds darkening the sky for investors at the moment. As previously said, there…
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What to watch Square: Merchant services and mobile payments firm Square actually ended up reporting its earnings numbers a day earlier than planned following a leak from a media outlet, but will still be hosting its earnings call on Wednesday. The firm’s stock jumped more than 10% after the numbers were released, as it reported…
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EUROPEAN SHARES Eurozone share markets from Stockholm to Madrid opened higher on Wednesday as bullish momentum over riskier assets gained a fresh boost from Washington. Investors welcomed the progress made in discussions between US Republicans and Democrats about a new recovery package, especially after the US Treasury Secretary said he wanted a deal reached by…
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Key data this week Bold indicates the most important releases for this symbol. Monday 3 August, 13.45 GMT: American Markit manufacturing PMI (final, July) - consensus 51.3, previous 49.8 Monday 3 August, 14.00 GMT: ISM manufacturing PMI (July) - consensus 53.6, previous 52.6 Wednesday 5 August, 12.30 GMT: American balance of trade (June) - consensus…
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EUROPEAN SHARES Shares opened mostly higher in Europe following strong bullish momentum from the Asian trading session on Tuesday. Yesterday’s reassuring manufacturing PMIs in Europe followed by positive data in the US combined with lower virus cases in some states, have lifted global market sentiment higher. In addition, the current risk appetite is also sustained…
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EUROPEAN SHARES European contracts traded lower on Thursday as market sentiment remains uncertain ahead of today’s slew of corporate results. The Fed’s extremely dovish tone yesterday was already largely priced in and didn’t lead to extreme price action on stock markets. Even though Jay Powell pledged to keep the macro environment extremely accommodative using all…
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EUROPEAN SHARES European stock markets continued their consolidation on Wednesday, following an Asian trading session without clear direction. Even if global fiscal and monetary stimulus provided investors with some sort of insurance against deeper market corrections, the current busy macro environment makes short-term market predictions very difficult for traders. The current lack of market directionality…
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EUROPEAN SHARES European markets are mostly trading higher but without a clear direction nor significant volatility on Tuesday as the “wait and see” mood continues on riskier assets. The current short-term lack of directionality is partly explained by expectations investors have towards the ongoing negotiations between Republicans and Democrats in the Senate about a multi-trillion-dollar…
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