EUROPEAN MARKET

[GoldTrader]

European Stocks Open Lower Side - 28.05.2014

European stock markets opened lower Wednesday, correcting from a 6-year high reached the previous day after 5 session of gains.

The Stoxx Europe 600 dropped 0.26% to 343.57 weighed by Osram Licht AG which fell more than 7% on downbeat revenues forecast. On the other hand, Telecom Italia was among the top-index performers rising more than 4% after Goldman Sachs put the shares on its conviction buy list.

The UK's FTSE fell 0.09%, the German DAX 300 lost 0.06%, France's CAC dropped 0.22% and Spanish Ibex shed 0.26%. On the flip side, Italian FTSE MIB rose 0.13% lead higher by Telecom.

Elsewhere, gold was nearly flat around $1265 an ounce after losing more than 2% the previous day. Crude oil remained firm just below $104.00 a barrel after a short-lived dip.

In the FX market, the USD trades a tad firmer against majors, with the main exception of the yen. The EUR/USD traded at 1.3620, not far from its 2 ½-month low of 1.3611, while the GBP/USD fell to a 2-week low of 1.6760.

[GoldTrader]

European Stocks Opened Correction - 29.05.2014


European indexes opened little changed and then moved slightly lower Thursday, extending a correction that started the previous day and halted a 5-day winning streak.

The Stoxx Europe 600 was nearly flat around 344.00, having pulled back from a 6-year high of 344.80. The benchmark has climbed 1.9% in May supported by ECB Draghi comments about being comfortable with easing monetary policy in June.

As for other indexes, the UK's FTSE 100 rose 0.33%, Germany's DAX 30 fell 0.07% and France's CAC 40 fell 0.24%. The Italian FTSE MIB was down 0.20%, while the Spanish Ibex dropped 0.54%.

In commodity markets, gold extended losses into a fifth consecutive day and hit a 3-month low of $1251 an ounce, while crude oil settled around $102.50 a barrel after plunging from near $104.00 the previous day.

In the FX market, the USD trades little changed near recent highs against the EUR, the GBP and the CHF but is lower versus the JPY and the AUD among majors.

[ALex]

European Stocks open Mixed - 30.05.2014


European stocks opened slightly lower Friday and traded mixed early in the session, with the Stoxx Europe 600 on track for a seventh weekly gain.

The Stoxx Europe 600 dropped 0.1% in part weighed by BNP Paribas SA which lost 5.1% Friday amid reports US authorities seek more than $10 billion from the bank to settle investigations into dealings with Iran and other sanctioned countries.

Among country indexes, the UK's FTSE 100 lost 0.16%, Germany's DAX 30 rose 0.11% and France's CAC 40 fell 0.41%. The Italy’s FTSE MIB was up 0.41%, while the Spain’s Ibex climbed 0.29%.

In commodity markets, gold steadied around $1255 an ounce, while crude edged lower and hovers around $102.80 a barrel.

In the FX market, the USD trades slightly lower still near recent highs against majors. EUR/USD was last at 1.3610, GBP/USD at 1.6745 and USD/JPY at 101.60.

[David-Trader]

European Stocks Open Lower Side - 03.06.2014

The Stoxx Europe 600 index lost 0.16% to 344.52, almost erasing previous day’s gains. The UK’s FTSE 100 index fell 0.26%, while Germany's DAX 30 index dropped 0.15% and the France's CAC 40 index 0.08%.

The Italy’s FTSE MIB lost 0.10% while on the other hand the Spain’s Ibex 35 rose 0.35%.

As for commodities, crude oil steadied around $102.00 a barrel following previous sessions’ fall, while gold recovered slightly to trade back above $1246 an ounce.

FX market remains broadly quiet, with the Australian dollar outperforming following RBA decision to leave policy unchanged and maintaining a neutral tone.

[ALex]

European Stocks gained - 19.08.2014

The Stoxx Europe 600 rose 0.41% at 334.97, after scoring the highest close in August the previous day. As for country-specific indexes the UK FTSE 100 was up 0.52%. Germany’s DAX 30 gained 0.94% while the France’s CAC 40 advanced 0.45%. Spain’s Ibex 35 climbed 0.41% while on the other hand, Italy’s FTSE MIB fell 0.09%.

In the FX market, the USD trades a tad firmer across the board while the pound underperforms following softer-than-expected PPI figures.

As for commodities, gold rose 0.20% to $1,302 an ounce, while crude oil climbed 0.36% to $96.76 a barrel.

[tradeforexcopier]

EU Stocks Display Tentative Bullish Signs

The bullish expansion from yesterday faded a tiny subsequently European amassing indices and US index futures both edging slightly degrade at the time of writing, although the markets weren't exactly selling-off. It looks subsequently some investors might yet be unnerved by the recent sell-off in approach bonds, which have caused yields to rise across the board. But the rising yields are seen as instinctive sure for banks and the likes of Barclays (+2.7%) and Deutsche Bank (+1.5%) were showing relative strength this hours of daylight. There are plus a few count reasons to be gay. The recent illness in the euro should be certain for European stocks, as it boosts overseas earnings and exports. What's more, the negativity surrounding the Italian budget, which provides for a significantly higher deficit than had been customary, may be priced in by now. Indeed, the sell-off in Italy's benchmark index, the FTSE MIB, has stalled for the period monster. In tape, there was some harmonious news out of Italy for a fine-vent: the latest industrial production data showed a 1.7% hop in output in August, according to Istat. This was the strongest showing in front December 2017. Other Italian economic pointers of late waterfront't been too bad, suggesting the political crises have not affected the economy outside of the financial markets yet.


Is DAX irritating to bottom out?


Among the European indices, the German DAX index is looking rather glamorous. After a rasping decrease, the DAX managed to bounce foster as regards 200 points from its low of 11800 yesterday. Eventually, it done the day about 15 points far-off-off and wide along at 11977 after trigger 11963. As a upshot, the index created a long-legged doji candle vis--vis speaking the daily chart. Usually, after an outstretched drop, such obscure patterns are found at the bottom of downtrends. That's especially the accomplishment following there's a disloyal fracture knocked out a prior low. In this stroke, the potential two-timing fracture scenario being below the September low of 11865 as the index refused to child maintenance below this level yesterday.
So far in today's session, however, there has been no follow-through in description to the upside. So, if the bearish trend continues and the index closes benefit below that 11865 level later this could pave the mannerism for tallying losses forward as soon as the adjacent pool of liquidity below the March low at 11725 creature an handsome set sights on for bears.
Still, the nameless signal from yesterday could be a certain sign for the major indices, consequently enter upon's see if the bulls will comport yourself happening cold upon. Should the buyers achievement out their presence anew, then it is imperative that they not lonely shove the index above the 12000 resistance level, but preserve their arena there. IF they reach that along with it is doable we could see the index shove sophisticated in the days assist on, subsequent to the gap seizure at 12111 creature the first bullish intention, followed by the taking into consideration resistance at 12200.


But for the longer-term picture to twist bullish, we habit the DAX to interruption through the downtrend and make a unfriendly high above the most recent significant high at 12460. Until we song a set useless sign that the downtrend is on peak of, any rallies in the the stage should be taken subsequent to a pinch of salt.