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European stocks face worst week in 9 months on U.S.-North Korea tensions

“European stocks were shoved lower Friday, heading for their worst weekly loss in nine months, as the war of words between the U.S. and North Korea prompted investors to back away from assets perceived as risky” writes Markets Reporter for The International Energy Agency said in its monthly report that global oil production rose in July, but it also upwardly revised its 2017 forecast for demand growth.Read: Opinion: What to do with stocks if the U.S. and North Korea go to war Oil stocks were feeling the additional weight…

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The S&P 500 and DAX are parting ways and that could be bad for Wall Street

“While U.S. and German stocks have tended to move in tandem in the past, there has been a disruption recently that could be a sign of trouble for Wall Street” writes Markets Reporter for For the first time since mid-2015, the 50-day correlation between the S&P SPX, -0.04%  and DAX 30 DAX, -0.43%  has gone negative, points out MKM Partner’s Jonathan Krinsky, in a note to clients.A negative correlation suggests the underlying currents driving the global markets may have shifted, and investors can no longer simply assume that a…

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European stocks decline, but miners buck losses

“European stocks fell Tuesday, led by declines among telecom, industrial and consumer goods shares” writes Markets Reporter for European Central Bank President Mario Draghi early Tuesday defended the bank’s monetary stimulus efforts.But showing slight gains were basic materials shares after Chinese Premier Li Keqiang said government initiatives are driving job growth. Source: Share This:

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European markets are dropping after the Federal Reserve hiked rates late on Wednesday

“European markets are diving sharply on Thursday afternoon after the Bank of England held interest rates but made clear that a hike could be on its way soon” writes Camilla Hodgson for Many of the other European markets have suffered similar losses, with the French CAC 40 and IBEX 35 dropping by 1.02% and 1.19% respectively.In Britain, the FTSE 100 has dropped more than 1.1% on the day, losing ground in morning trade before diving once again after the BoE’s announcement.A stronger USD following a Fed interest rate rise would…

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USD Index, S&p500 and DAX: All Looking Higher

“Technically USD may see higher prices and stocks as well based on the current intraday patterns on USD Index and E-mini S&P500” writes Gregor Horvat for On stocks, we are looking higher as both S&P500 and DAX are showing a completed contra-trend moves in wave four. S&P500 made a flat and DAX a triangle, so the markets can continue higher to 2450/60 and 12950/13000.Today, it’s going to be big day for the markets as the FED may deliver higher rates. Source: Share This:

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European stocks lower as miners suffer, French election approaches

“In Frankfurt, the DAX 30 index DAX, -0.55% fell 0.4% to 12,058.38” writes Markets Reporter for European stocks were in selloff mode Tuesday, with commodity shares struggling and investors nervous ahead of the first round of voting in France’s presidential election on Sunday.Miners: Tuesday’s session saw European mining shares shoved lower as iron ore prices slumped to their lowest in five months on concerns stemming from China.The index remained lower following news that U.K. Prime Minister Theresa May will make a statement at 11:15 a.m.U.K. stocks contributed to the…

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Germany’s DAX ends near 2-year high as euro softens

“A weaker euro tends to benefit the German index, as many of its components are big exporters that sell their products globally” writes Markets Reporter for March inflation data for the eurozone are due on Friday at 10 a.m.The DAX 30 index DAX, +0.44%  rose 0.4% to end at 12,256.43, just 118 points short of its all-time closing high of 12,374.73 reached April 10, 2015.Today’s German data and tomorrow’s eurozone data should help the ECB in getting rid of such rate hike expectations,” said Carsten Brzeski, chief economist at…

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