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European stocks expected to open bearish

The excitement of European stocks market As the stock market enters a cautious trading day amid the re-emergence of taper talk from the U.S., a smart rally on Tuesday witnessing the DAX 30 closing at a record high and the CAC 40 closing at 30 settles on Wednesday. Is expected. The 21-year high, Italy’s FTSE MIB closed at a 13-year high, and Spain’s IBEX 35 recorded a 16-month high.

NASDAQ fell 0.23% and the Dow Jones Industrial Average rose 0.13% last night as cautious investors valued inflation concerns and growth optimism and revealed less room for monetary policy patience. ..

On Tuesday, the European index recorded a smart rise with the DAX 30 up 0.95% and the FTSE 100 up 0.82%. The Pan-European Stoxx 600 increased by 0.75%, CAC 40 increased by 0.66%, and the Swiss SMI increased by 0.63%.

Manufacturing PMI 61.2 reflects a strong U.S. economic recovery, with gold falling from a five-month high, slightly down from Tuesday’s closing price of $ 1,900, and currently trading at $ 18,98 per troy ounce. There is.

The dollar index recovered 0.09% from yesterday’s 89.83 and is now 89.91, but US 10-year bond yields are stable at 1.61%, reflecting receding concerns about US interest rate rigidity.

Brent crude has been trading from $ 70.25 on Tuesday to a two-year high of close to $ 70.40, mainly due to the potential for lower inventory levels and forecasts of Iran’s crude oil supply delays. Vaccine-led recovery prospects continue Coronavirus The second wave caused a drop in demand in Asia.

US stock futures are trading in the negative territory, as are Senssex in India, STI in Singapore and Shanghai Composite in China. The STI was revised 0.85%, the Shanghai Composite fell 0.64%, and the BSE Sensex fell 0.42%. However, the mood is mixed, with the Australian ASX 200 trading up 0.93% and the Japanese Nikkei 225 up about 0.50%.

The market also includes April retail sales data from Germany, May unemployment changes from Spain, April consumer credit from the UK, mortgage and mortgage approvals, and June IBD / from the United States. The TIPP Economic Optimism Index is also waiting.

Stock market scrutiny of monetary policy stance and future directions likely to be announced by ECB Governor and key USFed officials later today as stimulus restraints and inflation concerns continue to squeeze The recent inflation rate in the euro area above the ECB’s comfort level has plagued the market as investors value inflation concerns and more economic growth prospects to resume. Will let you.

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European stocks expected to open bearish

Source link European stocks expected to open bearish

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