European stock markets yesterday moved to a decrease in the background of negative macroeconomic data for the region (index of business optimism in Germany over the last month decreased from 108.3 to 106.2 index points in France from 103 to 101 points) as well as in anticipation of the FED chief speech on Friday. (CAC - 0,65, FTSE - 0,28%, DAX -. 0,88%) US markets traded with weaker, despite strong data released yesterday on durable goods orders, which increased fears of rate hike. (+ 0.4%) (SP 500 -0.14%, DOW - 0.18%, NASDAQ -0.11%)
The gains of the European market continued yesterday. Corporate news and weakened European currency markets supported the markets. As might be expected, energy and metal sectors were under pressure. Adjusted 2nd German GDP increased by 0.4% (data in line with the previous value) the year rate is 3,1% (DAX + 0.3%, CAC40 + 0.32%, FTSE - 0.48%) US stocks markets declined slightly, America traded in the absence of growth drivers being under some pressure due to lower oil and a slight gains in the US currency. Data on of existing homes sales -3.2% versus expectations of -0.4%. SP 500 -0.52%, DOW - 0.35%, NASDAQ -0.81%)
Yesterday, European markets moved to growth amid positive data of European PMI. All key sectors of the European markets strengthen - as the financial sector, led by the Italian bank Unicredit was leading the growth. (CAC + 0,72%, FTSE + 0,59%, DAX + 0,94%) US market continued a series of expectant session, showing weak growth in the absence of significant drivers. (SP 500 + 0.20%, DOW + 0.10%, NASDAQ + 0.29%)
Yesterday global stock markets continued uncertain manner trading. European stocks were down slightly against amid the correction in the commodity markets, metals and oil. (DAX: - 0,5%; CAC40: -0,2%) US stock indexes also fell slightly, oil sector declined, while the high-tech sector, led by Nasdaq showed the results better than the market. (SP 500 -0.06%, DOW - 0.12%, NASDAQ + 0.12%)
US stock-index futures were higher in pre-trading operation on Monday, as investors digested a bunch of comments by Fed representatives that renewed expectations of an interest rate adjustment by the end of this year.
Yesterday, the markets continued to correct. The decrease of metals and the strong dollar pressured Europe as well as the weak financial reports and the overall worsening of the market sentiment (DAX -1.3%, CAC -1%). During trading yesterday, America announced to be overbought and indexes resumed their growth. The minutes from the Federal Reserve partially relieved the tension as the regulating authorities did not have a unique opinion on the tightening of the monetary policy (SP 500 +0.19%, DOW +0.12%, NASDAQ +0.03%).
US stock futures extended losses on Wednesday, as market players looked ahead of the minutes of the Federal Reserve’s July monetary policy meeting.
With the start of the new trading week yesterday, trading in Europe was mixed. In the absence of news drivers most sectors of the market decreased slightly, but the energy sector and automakers pulled indexes back in the green zone (German DAX gained + 0.2%; FTSE100 + 0.4%; CAC40 -0.1%).