GER30 Subdued Amidst Lack of Catalysts
European traders try to shake-off Friday’s Coronavirus jitters and the relevant drop of the German Index
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European traders try to shake-off Friday’s Coronavirus jitters and the relevant drop of the German Index
Broader market sentiment took a nose-dive, after Austria announced lockdown measures to restrain the spread of the coronavirus
Introduction The GER30, FXCM's proxy for the DAX, is running rampant. It has charted an all-time high this week. Moreover, this is its sixth week of price appreciation. Of note, the index is up 9.9% since its 6 October low. This is is an astounding rate of change. It raises the question of just how long should we expect this to continue? In the near term, it would make sense…
UK core inflation printed at 3.4% y/y, higher than the 3.1% forecast. For the Euro, core came in at 2% y/y, less than the consensus of 2.1%. There is also very different communication from each's central bank. At the monetary policy report hearing on Monday, BoE governor, Andrew Bailey, admitted to being "very uneasy' about inflation. Although the BoE did not raise rates at the last meeting, there were two…
The German indicator posts new record highs for fifth straight day, helped by sustained Euro weakness and dovish stance from the European Central Bank (ECB)
The European plane manufacturer announced an order form Indigo Partners, for 255 aircrafts, as it tries to move away from the pandemic era.
This week featured financial results and other news from high-profile companies, as well as big stock moves, with Disney’s post-earnings plunge standing out
This is the fourth day of November in which the German index hits new all-time highs, while the European Commission upgraded its growth forecasts for the year
Past performance is not an indicator of future results The UK100, FXCM's proxy for the FTSE 100, has consolidated since May (blue rectangle). However, the index has broken out. The weekly stochastic has moved into the upper quintile (aqua ellipse), and as long as it holds these levels, an underlying bullish momentum is likely to be present. This, as JPMorgan upgrades UK shares to "overweight." The bank maintains that current…
Risk-off sentiment was prevalent during the Asia-Pacific session after China’s increased consumer and factory inflation, but European traders enter in better mood
September and November were the only months of this year, during which GER0 failed to register new all-time highs, but last week, it returned to its usual mode and set new records
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