Analytics

American stock indexes were pointing to a mix open in pre-trading session on Wednesday, as investors looked ahead of Bank of England policy decision and US Initial Jobless Claims.

US stock-index futures were pointing to a lower open on Wednesday, as investors prepared for key US data to confirm a lower-than-expected recovery of the world’s largest economy.

US stock-index futures pointed to a higher open in pre-trading market on Tuesday, as market participants look ahead a busy corporate earnings day.

US stock-index futures pointed to a higher open on Monday, as investors digested GDP data and waited for new corporate reports.

European markets rolled back from the one-month maximums. It seems that the correction we predicted for this week has high chances of happening, due to weak corporate reports and the lack of growth drivers yesterday. The banking sector and oil sector were under pressure. US stock exchanges continued to consolidate near maximum levels, lead by hi-tech sector (NASDAQ +0.30%; DOW -0.09%; SP +0.16%).

European stock exchanges showed a considerable growth on Wednesday. Markets were supported by positive income reports and a good set of statistics. In United Kingdom: GDP +0.6% vs expected 0.4%;

European stock exchanges increased based on corporate reports (CAC40 +0.2%, DAX +0.5%, FTSE100 -0.3%). Banks and airlines shares were under pressure while  mining and refinery sectors were under demand. Latest European companies reports were not fully positive. Commerzbank 2nd largest German bank Q2 profit is one third less than British Petroleum Inc. last year. Even though the data showed an improvement, it remained unprofitable.

On Monday, European markets went through mixed trades as there were no obvious drivers (CAC40 +0.16%, FTSE100 -0.3%, DAX +0.5%). Based on the weak oil, gas and oil shares were the decrease leaders. There was mixed data from from Germany: current conditions index was positive, while business optimism index was negative. European corporate positive reports could not support the market on Monday.

European stock exchanges decreased reacting to statistics rather than the ECB meeting results. Income reports of some large European companies were worse than expected: Deutsche Lufthansa shares may be excluded from DAX calculations because of a large price drop (Lufthansa -5.9%)

Stock markets in Europe and America closed with good gains yesterday on Wednesday. Positivity was mainly created due to ECB meeting expectations, which was witnessed by the growth of the banking sector, as the main beneficiary of the expansion of support measures