Forex News 24
  • RSS

news

European markets look defensive

European markets look defensive
админ
26/08/2020

EU markets seem to anticipate Powell’s speech

1cfd53e4dc84605be8f34b32e1fc08ff - European markets look defensive

The European sector is assumed to start the day mainly in the range today. The sector seems to be suffering some damages to its positive momentum observed earlier this week.

According to IG, London’s FTSE is marked to open 5 points more expensive at 6,042, Germany’s DAX higher 9 points at 13,086, France’s CAC 40 with an uptick of 4 points at 5,016 and Italy’s FTSE MIB up 43 points at 20,039. European stocks seem to establish a root similar to their Asian equivalents in wearisome trade today. The Asia Pacific stocks moved under in afternoon trade notwithstanding major indexes in the U.S scoring new records once again yesterday. U.S. markets were supported by China and the U.S. reopening trade discussions yesterday. The Office of the U.S. Trade Representative announced in a statement, that China and the U.S. made “progress and are committed to taking the steps necessary to ensure the success of the phase one trade deal”.

U.S. stock futures looking flat today

U.S. stock futures were limited in early trading today after the S&P 500 ended at a new record top.  Dow futures fell 43 points. The S&P 500 futures contract remained just under the flatline while Nasdaq 100 futures exchanged in a positive area. Later in the week, the Federal Reserve will start its yearly conference covering monetary policy. Wall Street will scan for signs on further stimulus and where the economy is going.

4f1333691e3bdc19681e865bd5fc30f5 - European markets look defensive

Brent registered a positive move

f45ebae3ddbb237f5e80d06c323ab94b - European markets look defensive

Brent crude oil went higher today, boosted by U.S. producers closing down a large number of their offshore production in the Gulf of Mexico due to hurricane Laura and confidence over China-U.S. trade discussions. Brent crude oil futures totaled 8 cents, to $45.94 a barrel while U.S. West Texas Intermediate crude fell 2 cents, at $43.33 a barrel.

Gold looks flat ahead of Powell’s speech

Gold was flat today, while concerns covering global economic forecast equalized the stress from indications of improvement in U.S.-China trade discussions. That while investors anticipate a speech from Jerome Powell –the U.S. Federal Reserve Chairman.

Spot gold was even at $1,928.35 per ounce while U.S. gold futures surged 0.6% to $1,934.70.

The above content is considered to be market commentary information and shall not be perceived as independent investment research or investment advice.

a1747aa6490314c6ab3159f8888ceb1b - European markets look defensive

Source

Related Items
news
26/08/2020
админ
Related Items

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
cbda506728f805be55e3597fd478b623 400x214 - Another record-setting session for U.S. stocks futures

Another record-setting session for U.S. stocks futures

админ25/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Another record-setting session for U.S. stocks futures
Powell expected to preview Fed’s policy framework