European equities Archives - The Industry Spread

European Equities Start Lower after the Fed cut Interest Rates by 0.25%

October 31, 2019

Asian equity indices ended mostly higher today after Fed delivered the 25 basis point to 1.50%-1.75% as widely expected by the markets, and signalled that it will not proceed with further cuts to see whether these easing steps are enough to sustain the economic growth. U.S. GDP for Q3 expanded at a 1.9%, slowing from 2% in the Q2 but came in above market forecasts for growth of 1.6%. Jerome Powell pointed out several reasons why he feels the US economy is doing well, such as robust consumer spending, strengthening home sales, and healthy asset prices.

European Equities Decline on Earning Cues, FOMC Meeting In Focus

October 30, 2019

Wall Street closed on a positive note last night over comments from President Trump who said he expected China and the USA to sign a significant part of the trade deal ahead of schedule. This caused Wall Street indices to close at all-time highs.

Asian market followed cue from Wall Street and traded on a positive note with several key indices scaling fresh three month highs on renewed trade optimism. However, the European market saw contradicting price action as major indices and key stocks declined over earnings influenced cues. Further, caution among global investors ahead of upcoming Fed interest rate decision meetings also dampened risk appetite, resulting in dovish price action. In the forex market, expectations for stimulus measures from the FOMC in upcoming policy decision meetings helped USD gain strength resulting in mixed price action among major global forex currency pairs. 

European Equities Started Lower, Gold Below 1,500

October 8, 2019

Nikkei 225 benchmark in Tokyo ended 1.02% higher at 21,591, recovering from losses yesterday as investors turn their attention to the latest US non-farm payrolls report. Traders increased their bets that the Fed will slash interest rates at its next meeting on October to protect the economy from slowing growth abroad and the effects of the trade war. The Hang Seng index is trading 1.11% lower 25,821. The ASX 200 in Australia is trading 0.37% higher at 6,517.

European Equities Positive on Trade War Cues, US Data in Focus

September 28, 2019

US Wall Street last night saw major indices and stocks close on dovish note as whistleblower accused US President Donald Trump of pressuring Ukraine to investigate one of his co-contenders in upcoming US Presidential elections. Asian markets opened on dovish note following cues from US market and maintained dovish price action across the day with several key stocks declining to 3-week lows. At end of Asian trading session, most major markets in Asia closed on dovish note for the week. However, declines in Asian market were capped on comments from Chinese representative Mr.

European Equities Positive, US Macro Data In Focus

August 18, 2019

European equities positive, US macro data in focus. Chinese stimulus update provides fresh bullish cues while US T.Yield inversion influenced recession woes and global economic slowdown concerns weigh down market bulls. 

European Equities Start Higher, AUDUSD Rebounds

August 6, 2019

Asian stocks continue lower today as trade war tensions escalate after President Trump announced that the US would impose a 10.0% tariff on the remaining $300.0bn-worth of Chinese products. The Nikkei225 is down 0.68 percent lower at 20,578, the Hang Seng trading 1.01 percent lower at 25,884. The Shanghai Composite ended 1.28 percent lower to 2,784, while in Singapore the FTSE Straits Times index finished 0,77 percent lower to 3,169. Australian equities trade lower for the fifth trading session, and the ASX 200 is trading 2.21% lower to 6,493.

Equities Mixed, European Market Hit By Bayer & Lufthansa, Fed Meeting in Focus

July 31, 2019

Asian market today saw major benchmark indices, equities, and high-risk assets trade positive influenced by positive investor sentiment ahead of US Fed interest rate decision meeting. Australian market also saw positive price action in Pacific-Asian market hours supported by lingering influence from tech shares gains made in the previous session.