All Articles Tagged - EU50

Stock markets and football sometimes mix well – Special Report

Posted on June 14, 2024 at 7:44 am GMT

The 2024 European Football Championship starts today History points to strong stock market performance for the host country Major sporting events held in the eurozone could boost growth ECB to monitor consumer sentiment more closely With the market digesting the latest developments, it is time for football on both sides of the Atlantic Ocean. The 2024 European Football Championship starts in Germany, followed by the Copa America tournament a week later. The euro as it is called, which is held every four [..]

European shares kick off 2023 with a rally, can it be sustained? – Stock Market News

Posted on January 5, 2023 at 2:02 pm GMT

European stocks entered the new year with a bang, rising nearly 4% to outperform US markets that are essentially flat. A sharp decline in energy prices seems to be feeding hopes that any recession in Europe will be milder than previously feared. Alongside cheaper valuations, there’s an argument that the risk profile in Europe has turned more attractive. That said, it might be a tough year for stocks in general. Avoiding Europe European stock markets have been out of fashion [..]

Stock market outlook 2023: Will the bears strike back? – Special Report

Posted on December 21, 2022 at 7:40 am GMT

Equity markets suffered a bruising year, crushed under the boot of rising interest rates and fading government spending. This weakness could extend into next year, as US valuations remain expensive by historical standards and leading economic indicators suggest a recession is a real possibility, spelling downside risks for corporate earnings. The good news is that every crisis passes, and any serious selloff might simply offer long-term investors more attractive entry points. Inflation vs recession It’s been a troublesome year for [..]

Daily Market Comment – Sentiment improves on data, easing Fed fears; stocks and euro edge up

Posted on July 18, 2022 at 9:14 am GMT

Strong US retail sales and softer inflation expectations lift Wall Street Dollar knocked off highs as 100-bps Fed rate hike bets pared back Euro tries to distance itself from parity but Italy and gas supply risks cap gains WTI oil tests $100 on summer demand after Biden’s Saudi trip bears no fruit Stocks set for positive start to week Equity markets got off to a buoyant start on Monday as recession panic continued to subside following some encouraging data out [..]

US Open Note – Upbeat data drive risk-on mode ahead of Powell’s speech; Euro gears up on rate hike outlook

Posted on May 17, 2022 at 1:27 pm GMT

Pound is the best performer, but for how long? Markets were volatile ahead of the US open, with the European currencies switching to recovery mode after a period of heavy selling, and the US dollar index losing some steam as some rosy data releases shifted funds to riskier assets and hopes for China easing lockdown measures flourished. Upbeat employment and wage data out of the UK triggered the largest daily increase in the British pound in months. Strikingly, the number [..]

Technical Analysis – EU 50 index slides but does not hit new lows

Posted on May 10, 2022 at 9:20 am GMT

The EU 50 index (cash) continues to be dominated by bearish forces, trading below its moving averages and a downtrend line drawn from the January peak. On the bright side, sellers were not strong enough to punch to a new low beneath 3,385, which offers some hope that the selling pressure may be losing power. This sentiment is also reflected in short-term oscillators, where the RSI has rebounded from near its 30 line. The lower Bollinger band has also defended [..]

US Open Note – Pound crashes on dovish rate hike; Wall Street eyes bearish open

Posted on May 5, 2022 at 1:32 pm GMT

Pound crashes after BoE policy decision The Bank of England stuck to its March guidance, confirming expectations of a 25bps rate hike to 1.0% on Thursday although three out of nine board members surprisingly voted for a sharper 50bps increase. Its inflation projections for the current year moved up to 10% on the back of higher household energy prices and projected additional rises in October, while its growth estimate is now warning a dip slowdown over the next year as [..]

US Open Note – Falling dollar breathes life into the euro; Wall Street in the red

Posted on April 29, 2022 at 1:50 pm GMT

3Dollar loses steam but is still the king The king dollar cooled off against a basket of six major currencies in the last trading day of April, having previously rapidly advanced to a two-decade high of 103.93 on the back of persisting calls for higher interest rates in the US and Ukraine-related economic risks in Europe. Still, a fourth consecutive weekly gain is more than secured for the greenback ahead of a busy week of central bank meetings and data [..]

US Open Note – Wall Street opens higher; commodity currencies outperform

Posted on April 20, 2022 at 2:02 pm GMT

Global stocks cautiously up Wall Street started Wednesday’s session on the bullish side, with Dow Jones gaining the biggest traction. Buying interest, however, remains relatively constraint as questions about how the cocktail of inflation and monetary tightening will affect global economic growth weigh on risk-on sentiment. Growth risks are larger in Europe, which has stronger trade ties with Russia and Ukraine than does the US, though the rapid rise in consumer prices is calling for a stimulus reduction, keeping the [..]

US Open Note – US data enhance dollar as NATO summit begins

Posted on March 24, 2022 at 2:50 pm GMT

NATO summit could set the next phase in geopolitical crisis World leaders are attending a series of summits in Brussels on Thursday, as NATO, the G7 and European Union hold crisis talks over Ukraine. US President Joe Biden will take part in all three meetings amid a backdrop of destruction in Ukraine, frozen global business transactions, and rising energy and fertilizer prices. The ongoing Ukrainian geopolitical crisis is already developing into another inflation nightmare thanks to the sanctions war, and [..]

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