Tag Archives: DAX

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Just A Minute!

Here’s Friday’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the markets:

Main Trading Event Of The Day: CAD Retail Sales m/m @ 12.30 GMT

WHAT WE’RE WATCHING TODAY

U.S. Stocks Gain After Data While Asian Stocks Rebound From Biggest Decline In Seven Months

U.S. stocks rose for the third time this week as reports on leading indicators and regional manufacturing fuelled optimism in the economy, overshadowing concern, following Wednesday’s FOMC meeting, that interest rates may rise in the middle of next year. The Standard & Poor’s 500 Index gained 0.6 percent to 1,872.01 at 4 p.m. in New York. The Dow Jones Industrial Average added 108.88 points, or 0.7 percent, to 16,331.05. Both gauges erased most of yesterday’s declines. Asian stocks, meanwhile, rose with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August. The MSCI Asia Pacific excluding Japan Index advanced 0.7 percent to 452.10, paring this week’s slide to 0.4 percent. The measure fell 1.7 percent yesterday, taking its loss this year to 4.1 percent as data from exports to industrial output showed signs of a slowdown in China and Federal Reserve Chair Janet Yellen indicated U.S. interest rates could rise as soon as six months after the end of the central bank’s bond-buying program. Analysts claim to be not overly cautious and that the focus will be directed back towards China on Monday.

stock markets

European Markets Set For Lacklustre Open Following Banking Reform News

European markets are expected to have a subdued open after a busy week, as the market absorbs concerns about the Federal Reserve and banks. The FTSE was down 4 points to 6538, the Dax is seen steady at 9296 and the Cac up 1 point to 4328. On Thursday, the European Union finally agreed the terms to complete the region’s banking union. It was also a relatively quiet news day in the Ukraine crisis, with more sanctions announced, and a downgrade of Russia’s credit rating by Standard & Poor’s. In the U.K., data on public sector finances and UK banks external claims is expected at 9.30 GMT.

Time Is Of The Essence For Apple To Launch iWatch

Apple needs to launch an iWatch sooner rather than later, analysts say, or the company will risk losing its innovative edge to rivals. Apple also risks missing the huge opportunity that exists in the fast-growing wearable space if it doesn’t come out with something soon as there is no doubt that this sector is suddenly getting crowded. Pressure is coming from companies like FitBit and Jawbone who are making these devices and building an ecosystem around these wearables. There’s no shortage of speculation about what an iWatch will do, or when it will come out, but until Apple makes it official, the device is still completely hypothetical. Still, analysts who cover the company seem fairly certain that the company will debut a wearable product in 2014, particularly because wearables would be a natural fit for Apple’s ecosystem. The pressure is on for Apple and although it is not in the company’s style to rush things, they shouldn’t wait too long…

iwatch

That sums up Friday’s highlights! Stay up-to-date with all the trading events and market news via our Facebook, Twitter, Google+ and LinkedIn pages! We hope you have a profitable day on the markets and wish you a great weekend!

European Stocks Moving Up

European Stocks Moving Up

Markets are having a fairly good day in Europe as all the major indices are trending upwards following the ECB and BoE meetings on Thursday. The British FTSE 100, France’s CAC, Germany’s DAX, Spain’s IBEX and Italy’s FTSE MIB were all up between 0.2 and 0.6 per cent.

While investors expected more gains to be possible for the first months of 2013, they also maintained caution in their predictions as there are risks that markets will turn unstable due to insecurity over how ECB will eventually treat Italy’s complications during its consultations on Thursday.

Italy’s elections which resulted in a gridlock are raising concerns over how southern European countries like Spain, Italy and Greece will manage with much-needed and severe austerity measures to rebuild their ailing and poorly performing economies, keeping in mind that spending cuts can easily spur mass anger in these countries.

The ECB is estimated to keep interest rates low, at 0.75 per cent but experts argue that ECB chair Mario Draghi will reiterate his policy statements regarding the loosening of the ECB’s procedures on bond-buying in order to keep Italy afloat.

 

Positive Sentiment Drives Stocks in Europe

Positive Sentiment Drives Stocks in Europe

European stocks were reaching the skies for a ninth successive month on Thursday following Ben Bernanke’s, head of the U.S. Federal Reserve, and Mario Draghi’s, head of the European Central Bank, stern arguments for looser monetary policies on both sides of the Atlantic.

The Stoxx Europe 600 index rose half a point to 288.65, jumping 0.9 per cent compared to a day earlier. The wider optimistic trading disposition arose after Bernanke, following his additional day of congressional statements on Wednesday, repeated the argument that the Fed’s super-slack monetary-easing policy is required to upkeep the economy.

In other European news, Germany’s DAX 30 index increased 0.8 per cent to 7,734.56, with shares of Bayer AG climbing 2.6%. In the U.K, the FTSE 100 index picked up 0.3 per cent and managed climbed to 6,344.18.