All Articles Tagged - EU50

Stock Market News (European Open) – Sell-off among world equities unfolds on geopolitical tensions for worst week in months

Posted on August 11, 2017 at 8:55 am GMT

A sell-off among world stocks continued for the third day due to geopolitical uncertainty, with equities in Europe possibly heading for the worst week in nine months. In Asia, the HANG SENG index tumbled 2.03%, Australia’s S&P/ASX 200 fell 1.18% and the Shanghai Composite slid 1.85%. Markets in Japan were closed for a national holiday. The pan-European STOXX 600 fell 0.73%, taking its weekly losses to 2.4%, its worst performance since November 2016. The blue chip STOXX 50 index mirrored [..]

Stock Market News (US Open) – Sea of red in equity markets, US rally halted on escalating North Korea tensions

Posted on August 10, 2017 at 2:08 pm GMT

European bourses’ early declines were extended during the day as investors got cold feet for equities following the war of words between the presidents of the US and North Korea. The pan-European STOXX 600 index fell 0.49% and the blue chip STOXX 50 index slid 0.73% as all sectors declined. The Dow Jones index opened 0.37% lower, the S&P 500 slid 0.44% and the NASDAQ Composite tumbled 0.64%. Among European markets, Britain’s FTSE 100 fared the worst, down 1.10% as 80% of index members tumbled, led by the telecommunication sector. [..]

Stock Market News (European Open) – World equities trend lower on geopolitical turmoil; disappointing results weigh

Posted on August 10, 2017 at 9:08 am GMT

Geopolitical tensions continued to weigh on global equity markets as all major European bourses followed their Asian peers into the red zone. Investors’ concerns over the US-North Korea turmoil induced a fall in the Hang Seng index (down 1.06%), the Australian S&P/ASX 200 (down 0.1%) and the Shanghai Composite (0.42% down). European equity indices all traded lower early in the session. The pan-European STOXX 600 index was down 0.30% while the blue chip STOXX 500 was 0.38% lower. Britain’s FTSE 100 fared the worst, falling 0.59% as heavily weighted stocks such [..]

Stock Market New (US Open) – European and US shares extend losses as North Korea weighs

Posted on August 9, 2017 at 2:30 pm GMT

Major European bourses fell deeper into the red during the course of the day and ahead of the US open. Market sentiment remained risk-off followed the heightened geopolitical tensions in the Korean peninsula, while the incident earlier today involving a car deliberately running over a group of soldiers in a Paris suburb also weighed on equities. US stocks looked set to extend yesterday’s losses, with the Dow Jones opening 0.2% lower, the S&P 500 by 0.5% and the NASDAQ Composite [..]

Stock Market News (European Open) – US-North Korea tensions command equity market activity, induce spike in volatility

Posted on August 9, 2017 at 9:02 am GMT

Mounting tensions between the US and North Korea have weighed on equity markets, sending the majority of the Asian and European bourses into red territory and inducing a spike in volatility. Bar Australia’s equity benchmark, the S&P/ASX 200 that rose 0.38% today, all other major bourses in Asia finished day lower. Japan’s Nikkei 225 was down 1.29%, followed by the Hang Seng index that fell 0.36% and the Shanghai Composite index that dropped 0.03%. North Korea announced that its leader Kim Jong Un [..]

Stock Market News (European Open) – Utilities halt weakness in European stocks, Asian trading ends on mixed note

Posted on August 8, 2017 at 9:01 am GMT

European stocks, as measured by the pan-European STOXX 600 index, posted a modest gain during early hours of trading, halting losses from the start of the week. A jump in the utilities sector offset losses among basic materials stocks. Major bourses in Asia ended their trading day with mixed results. The Nikkei 225 index was down 0.30% while the Hang Seng rose 0.57% led by a surge in the share price of Geely Automobile (up 6.7%). The pan-European STOXX 600 index [..]

Stock Market News – FTSE 100 gains following pound plunge, US markets open broadly flat as Tesla powers ahead

Posted on August 3, 2017 at 2:09 pm GMT

Both the pan-European STOXX 600 and the blue chip STOXX 50 index rose 0.20% ahead of the US open with the healthcare and consumer non-cyclical sectors leading the gainers. However, a plunge in the energy sector eased the gains elsewhere. In the US, the three major indices opened broadly flat. The FTSE 100 index outperformed other major indices in Europe as it rose 0.90% ahead of the US open, amid the weakness in sterling. The pound hit a nine-month low against the [..]

Technical Analysis – Eurostoxx index bearish in descending channel

Posted on February 5, 2016 at 7:55 am GMT

The EU50 index (Eurostoxx) has been falling in a descending channel since December 2015 from a high of 3522 points to a low of 2832 in January 2016. In mid-January 2016, the market fell to a key level at 2969 (which is the September 2015 low). After testing and pivoting at this level, there was a failed attempt to rise higher when meeting strong resistance at the 21-day moving average and the top of the channel line around the key [..]

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