What's good, GOLD?

Strong confluence on EURUSD longs

Breakout and retest on the resistance now turn support

Sellers are going to be liquidated

Ripple stacks at 0.5

Bitcoin Sluggish on bullish sentiments above 2000$

Bitcoin to extend its complex correction before bullish run

Took the loss, for another short position

Shorts on GBPJPY after breaking the support

AUDUSD under selling pressure

Gold still buys

Ripples previous bearish leg can be the last one for now

Still betting long on Chainlink

Stopped out for no good reason!

Lets go gold!

NFP day with Dow Jones

GBPJPY topping out?

Copper contrarian buying opportunity?

Still bullish on Gold

Silver has provided some serious bearish breakouts on 4H

Descending trendline retest

AUDUSD needs retracement at 0.6515

Breakout buy and retest on EURJPY

No end to the GBPJPY bullish sign

The Double Bottom can trigger a bullish breakout

EURUSD buys from 1.0730

EURUSD buys, but stalled on a monday holiday

Heavy support at 1937

EURUSD double bottom

Still looming for EURUSD longs

US Dollar Uptrend Has Started, Is It Time to Short EURUSD?

Stop hunts on RIPPLE

Still bullish on ripple

Stacks on Ripply

Still short on Bitcoin

Shorting ETH at the resistance

Taking a long position even after a loss

Expecting another corrective bearish leg before upside

Inverse head and shoulders formed

Ethereum retest at 1813

Bearish on Bitcoin

Waiting on Chainlink

0.4475 is the buy region for Ripple

Hawkish continuation of trend after a pullback

GBPJPY buys from 171.40

Double top on GBPJPY?

Still hovering GBPJPY

Fall on gold can be considered as last leg of bearish correction

Looking at gold buys from 1940

Gold pounced from support

Major support levels tapping

Textbook breakout and retest on NASDAQ

EURUSD to fall below 4HEMA200

Double bottom on support on EURUSD

EURUSD buys from support

EURUSD has still hidden bearish cards on the line

USDCHF to complete its correction before next fall

AUDUSD flooring at the support level

GBPUSD longs from double bottom

Gold buys from 1971

USDCAD seems to be getting ready for bullish run

AUDUSD tapping the support once again

Short Term Buying on AUDUSD

Still believe for Gold to move up

Kiwi struggling for sustenance above the DEMA200

Chainlink at the support level of 6.45

Breakout sells on Dow Jones 30

Daily and weekly resistance on NASDAQ

Gold to complete higher degree correction

AUDUSD breakout buy

Uptrend gold tapping major support

CADJPY looking for a retest of the resistance

Intraday EURUSD setup

Does XRP's Strong Bids at 0.41 Enough to Re-test 0.47?

GBPJPY testing the support

Shorts from retracement level

Longs at 50% retracement

EURUSD has turned favors to bearish trend

GBPJPY wants to fly high

Shorting gold till 1980?

Slipping on GBPJPY?

USDCHF to stay bearish until the break of TL above

Trendline speaks of bearish sentiments prevailing on USDCAD

EURUSD taking advantage of 1.0800 support

GBPJPY can go for a bearish run below the SL

Bitcoin still bearish

Minor resistance shorts on CADJPY

Chainlink buys from 6.32

Bitcoin will be bullish after bearish correction

EURUSD took a bearish turn

EURUSD completing daily cycle bearish correction

EURUSD maintaining steady bullish stance above TL

EURUSD still buys

ETH/USD bearish until touchdown at DEMA200

Bulls on bitcoin have completely dominated

Bearish flag pattern breached on gold

Lets buy ETHEREUM at 61.8%

EURUSD to auction surprising gains depending on fundamentals

It looks like Cables will be extending its corrective tone

Major bourses in Europe were flat to lower on Wednesday, as investors refrain from making big bets amid uncertainty surrounding the economic outlook and prospects interest rates will rise further when the ECB meets next week. Fresh trade data for China showed exports fell more than expected and imports were also lower, signalling a sluggish economic recovery in the world's second-largest economy. Banking and retail shares were slightly higher, with Inditex rising around 5% after earnings and sales from the owner of Zara topped forecasts. On the other hand, miners and luxury stocks were in the red.

European Shares Lack Direction

European equity markets were set for a muted open on Wednesday, with investors adopting a cautious stance amid a lack of market-moving catalysts. Investors also continued to assess the economic and interest rate outlook globally, with the US Federal Reserve set to decide on monetary policy next week. Meanwhile, markets will assess a slew of European economic reports on Wednesday, including German industrial output, French trade and Italian retail sales data. DAX and Stoxx 600 futures inched up 0.05% in premarket trade, while FTSE 100 futures shed 0.1%.

European Markets Set for Muted Open

European stocks closed higher on Tuesday, with the benchmark Stoxx 600 up 0.5% and the German DAX up 0.3%. Defensive healthcare stocks added 1.2% and European miners and lenders each rose by about 1%. On the other hand, oil and gas producers faced downward pressure due to lower oil prices. A survey conducted by the European Central Bank indicated that residents of the Eurozone have become more optimistic about inflation. The median 12 months ahead inflation expectations declined from 5% in March to 4.1% in April. Also, Klaas Knot said that the measures implemented by the European Central Bank are beginning to yield positive results, although core inflation remains persistent.

European Stocks Rise on Tuesday

European shares recorded a slight downturn, with Germany's DAX 40 losing about 0.2%, as investors processed a set of economic data and continued to evaluate the global monetary policy outlook. The ECB indicated its intention to raise interest rates further in order to address inflation, while the Federal Reserve is anticipated to pause its tightening cycle this month in response to unexpectedly weak services data. Turning to economic indicators, Germany observed an unforeseen decline in factory orders during April, and the Netherlands confirmed an inflation rate of 6.1% for May, up from 5.2% in April. In the UK, the British Retail Consortium reported that retail sales growth decelerated to a seven-month low in May due to soaring food prices. Elsewhere, Australia's central bank surprised the markets by raising interest rates to an 11-year high, cautioning that additional measures might be necessary to ensure inflation returns to its target level.

European Shares Slightly Down Tuesday

European equity markets were headed for a lower open on Tuesday, likely extending losses from the previous session as investors catch their breath following a broad-based rally late last week. Investors also continued to assess the monetary policy outlook globally, with the European Central Bank signaling it will raise interest rates further to rein in inflation, while the Federal Reserve is expected to pause its tightening cycle this month amid surprisingly soft services data. Meanwhile, markets look ahead to eurozone retail sales data for April, while there are no major earnings releases. DAX and Stoxx 600 futures were down about 0.2% in premarket trade, while FTSE 00 futures lost 0.1%.

European Markets Head for Lower Open

In Frankfurt the DAX Index fell 91 points or 0.57 percent on Monday. Leading the losses are Zalando (-3.47%), Infineon (-1.68%) and Deutsche Bank (-1.66%). Top gainers were Deutsche Telekom (1.88%), Merck (0.81%) and Fresenius Medical Care (0.69%).

The DAX Index dropped 0.57%

European stocks remained relatively subdued on Monday afternoon, with both Germany's DAX 40 and the pan-European STOXX 600 making marginal gains of just 0.1%, after remarks from ECB President Lagarde signaled the central bank's inclination to maintain its current policy trajectory. Lagarde acknowledged the presence of "signs of moderation" in core inflation but emphasized that it was premature to determine if a peak in price growth had been reached. Earlier in the trading session, the release of the latest PMI data highlighted a slowdown in the Eurozone's private sector economy, while a rally in crude oil prices provided support to energy firms following Saudi Arabia's commitment to implementing additional production cuts starting in July. In terms of notable corporate developments, Goldman Sachs made a $600 million bid for Norwegian aquaculture service group Froy, while Novo Nordisk initiated discussions to acquire a controlling stake in French medical device designer Biocorp.

European Shares Remain Subdued on Monday

European stock markets showed limited movement on Monday, as Germany's DAX 40 traded near the flat line at 16,060 points, while the pan-European STOXX 600 inched up 0.1% to 462 points. Investors carefully assessed the global economic and monetary policy outlook, and eagerly awaited remarks from ECB chief Christine Lagarde for guidance on future policy decisions. The latest PMI data indicated a slowdown in the Eurozone's private sector economy, primarily due to a significant decline in manufacturing output. Meanwhile, crude prices rallied, providing support to energy firms, following Saudi Arabia's commitment to additional production cuts of 1 million barrels per day starting in July. Notable corporate developments included Goldman Sachs' $600 million bid for Norwegian aquaculture service group Froy, and Novo Nordisk initiating discussions to acquire a controlling stake in French medical device designer Biocorp. UBS anticipated the completion of its takeover of Credit Suisse by June 12.

European Shares Muted on Monday

European stock markets traded relatively unchanged on Monday as investors carefully assessed the global economic and monetary policy outlook. Key data to watch included services PMIs from Europe's largest economies, while market participants eagerly awaited remarks from ECB chief Christine Lagarde for insights into the central bank's future policy decisions. Traders have also digested reports indicating an uptick in China's services activity in May, alongside a rally in crude prices following Saudi Arabia's commitment to further production cuts of 1 million barrels per day starting in July. In terms of notable corporate developments, Goldman Sachs submitted a $600 million bid for Norwegian aquaculture service group Froy, and Novo Nordisk initiated discussions for the acquisition of a controlling stake in French medical device designer Biocorp. Meanwhile, UBS projected the completion of its takeover of Credit Suisse to occur as early as June 12.

European Shares Little-Changed on Monday

European equity markets were headed for a muted open on Monday following a strong close during Friday’s session, as investors continued to assess the economic and monetary policy outlook globally. US President Joe Biden signed the debt ceiling bill into law over the weekend, averting what could have been the first default by the US government. Meanwhile, data released last week showed that May euro zone inflation slowed to 6.1% in May, the lowest level since February 2022. Still, European Central Bank President Christine Lagarde said the figure remains “too high” and suggested that the central bank’s tightening cycle would have to continue. DAX, Stoxx 600 and FTSE 100 futures all fluctuate around the flatline in premarket trade.

European Markets Head for Muted Open

In Frankfurt the DAX Index gained 210 points or 1.32 percent on Friday. Gains were led by Covestro (6.38%), Puma (6.13%) and Adidas (6.04%).

The DAX Index went up by 1.32%

European stocks maintained their early gains on Friday afternoon, with Germany's DAX 40 and the pan-European STOXX 600 both rising approximately 0.9%, as investors digested the latest US jobs report, which presented a mixed picture of the country's labor market. The data revealed a larger-than-expected increase in non-farm payrolls in May, although the unemployment rate exceeded expectations by rising to 3.7%. In other news, the US Senate passed legislation to temporarily suspend the government's $31.4 billion debt ceiling, while dovish comments from US Fed policymaker Patrick Harker reinforced expectations that the Federal Reserve would refrain from raising interest rates at its forthcoming meeting. In terms of corporate news, British veterinary drugmaker Dechra Pharmaceuticals agreed to be acquired by Swedish investment firm EQT for £4.88 billion.

European Shares Hold on to Early Gains

European shares rose on Friday, with Germany's DAX 40 increasing by 0.6% and the pan-European STOXX 600 gaining approximately 0.4%, supported by expectations that the Federal Reserve would refrain from raising interest rates at its upcoming meeting. US Fed policymaker Patrick Harker joined others in supporting a pause in the tightening cycle, suggesting that it was time to assess the situation. Additionally, there was optimism among investors that the US would avoid default as the Senate approved legislation to suspend the debt ceiling. All eyes will now turn to the US labor market report due later today. In corporate news, British veterinary drugmaker Dechra Pharmaceuticals agreed to a £4.88 billion takeover by Swedish investment firm EQT.

European Stocks Gain on Fed Dovish Comments

European equity markets were set for a positive open on Friday, tracking a rise in stocks globally as risk sentiment improved after US lawmakers voted to approve a bill that would increase the federal debt ceiling, allaying fears of a historic default. US policymakers also suggested that the Federal Reserve could pause its tightening cycle in the upcoming meeting, while investors await the May jobs report for further guidance. Meanwhile, European Central Bank President Christine Lagarde said the 6.1% inflation rate in the euro zone was still too high and that further tightening would be needed to bring inflation back down to the 2% target. DAX futures jumped 0.6% in premarket trade, while Stoxx 600 and FTSE 100 futures gained about 0.4%.

European Markets Set for Positive Open

European stocks rebounded from Wednesday's two-month lows, with the benchmark Stoxx 600 up 0.8% after data showed that inflation in the region cooled more than expected in May, raising hopes for a less hawkish ECB. Furthermore, optimism was fueled by the news that the US House of Representatives had passed a bill to suspend the debt ceiling, garnering significant bipartisan support. This development raised hopes that the bill would also secure approval in the Senate before the weekend. The German DAX gained 1.2% and shares of German software maker SAP were slightly up despite slowing revenue growth at Salesforce. In other corporate headlines, fashion retailer Hugo Boss reported better-than-expected quarterly profit from US department store chain Nordstrom and Chipmaker Infineon said it was looking for acquisitions worth up to €3 billion.

European Stocks Rebound from 2-Month Low

European stocks rebounded from Wednesday's two-month lows, with Germany's DAX 40 index experiencing a gain of approximately 1% and the region-wide STOXX 600 advancing by 0.9%. Investors responded positively to data indicating that inflationary pressures in the Eurozone had cooled more than expected in May, alongside a tight labor market within the bloc. Furthermore, optimism was fueled by the news that the US House of Representatives had passed a bill to suspend the debt ceiling, garnering significant bipartisan support. This development raised hopes that the bill would also secure approval in the Senate before the weekend. Among single stocks, shares of German software maker SAP were slightly up despite slowing revenue growth at Salesforce, while fashion retailer Hugo Boss also got some support from a surprise quarterly profit from US department store chain Nordstrom. Chipmaker Infineon said it was looking for acquisitions worth up to €3 billion.

European Shares Consolidate Gains After CPI Data

European stock markets started June on a positive footing, with both Germany's DAX 40 and the region-wide STOXX 600 rebounding from Wednesday's two-month lows. Investors welcomed news that the US House of Representatives had passed a bill to suspend the debt ceiling with a significant bipartisan majority, which raised hopes that the bill would also be approved by the Senate before the weekend. Elsewhere, the Eurozone preliminary CPI reading for May is expected to show more signs of easing price pressures, which could have implications for monetary policy decisions in the region. On the corporate front, slowing revenue growth at Salesforce could weigh on shares at German software maker SAP, while fashion retailer Hugo Boss could get some support from a surprise quarterly profit from US department store chain Nordstrom. Infineon said it was looking for acquisitions worth up to €3 billion.

European Stocks Rebound from 2-Month Lows

European equity markets were headed for a higher open on Thursday as risk sentiment improved after the US House of Representatives passed the bill to raise the debt ceiling with broad bipartisan support, advancing it to the Senate ahead of the June 5 deadline. Investors also look ahead to a slew of euro zone economic reports including flash inflation figures, unemployment rate and manufacturing PMI data. DAX and Stoxx 600 futures were up about 0.7% in premarket trade, while FTSE 100 futures rose 0.3%.

European Markets Head for Higher Open

European shares extended their decline on Wednesday afternoon, with Germany's DAX 40 plunging 1.6% to reach 15,650 points, its lowest level since April 6th. Similarly, the pan-European STOXX 600 index dropped 1% to 452 points, hitting its lowest level since March 29th. The unexpected rebound in US job openings raised fears of potential additional interest rate hikes by the Federal Reserve, while worries about a possible global economic slowdown arose due to weak factory activity in China. However, there was some positive news as fresh CPI data for France and Germany revealed a significant easing of inflationary pressures in May. Finally, investors closely followed the ongoing debt ceiling debate in Washington, where the legislation brokered by President Joe Biden and House Speaker Kevin McCarthy cleared a significant hurdle on Tuesday and is set for debate in the full House of Representatives on Wednesday. For the month, the DAX 40 lost 1.9% and the STOXX 600 tumbled 3.1%.

European Shares Slump at End of May

Stocks in Germany Hit 7-week Low

European shares pared losses on Wednesday, with Germany's DAX 40 managing to regain some ground and post a modest decline of 0.4% during morning trading. Similarly, the pan-European STOXX 600 index trimmed its losses, trading 0.2% lower after hitting a two-month low earlier in the session. Investors responded positively to the release of fresh CPI data from Europe's largest economies, which indicated a significant cooling of inflationary pressures in May. However, concerns about a potential global economic slowdown emerged due to weak factory activity in China. In addition, investors remained focused on the ongoing debt ceiling debate in Washington. The legislation brokered by President Joe Biden and House Speaker Kevin McCarthy successfully cleared a major hurdle on Tuesday and is scheduled for debate in the full House of Representatives on Wednesday.

European Stocks Pare Losses on Upbeat CPI Data

European stock markets traded in the red on Wednesday, with Germany's DAX 40 falling by 0.8% to its lowest level since May 4th, driven by ongoing concerns surrounding the debt ceiling debate in Washington. Investors were closely monitoring the progress of legislation brokered by President Joe Biden and House Speaker Kevin McCarthy, which passed a crucial hurdle late on Tuesday. The legislation has now advanced to the full House of Representatives for debate and is expected to be voted on for passage on Wednesday. In addition, China's weak factory activity weighed on sentiment. On a brighter note, there were some positive indicators in the economic data from Europe. German regional CPI data and French national numbers suggested a moderation in inflationary pressures across the largest economies in Europe.

European Shares Fall

European equity markets were set to open sharply lower on Wednesday, tracking losses among global peers as investors cautiously awaited progress on the debt ceiling debate in Washington, as some US lawmakers said they would oppose a deal to raise the debt limit. End-of-month trading jitters also dented sentiment, with major stock indexes across Europe on track to finish the month of May lower. Moreover, investors will assess a raft of economic releases in the euro zone including inflation and GDP data in France and Italy, as well as employment data in Germany. DAX, Stoxx 600 and FTSE 100 futures were all down about 0.7% in premarket trade.

European Markets Set to Open Sharply Lower

European stocks continued their decline in afternoon trade, with the pan-European STOXX 600 index retreating 0.7%, as uncertainty loomed over whether Congress would approve a US debt ceiling deal to avoid a potentially catastrophic default. The market sentiment was further dampened by a 4% drop in crude oil futures. Meanwhile, Germany's DAX 40 index edged down 0.2% to 15,925 points. In the corporate sector, shares of Aroundtown rebounded by 3% from their previous record lows following the release of the German real estate firm's first-quarter results. However, Nestle experienced a 3% decline after the Swiss food group announced the appointment of Anna Manz, the finance chief at the London Stock Exchange Group, as its new chief financial officer. Unilever Plc also saw a 3% dip after the consumer goods giant announced that Chief Financial Officer Graeme Pitkethly would be leaving by the end of May 2024.

European Shares Extend Losses

European stocks traded mostly flat on Tuesday, with Germany's DAX 40 and the pan-European STOXX 600 both retreating 0.1%, as UK and US markets resumed trading after a long weekend. Investors remained cautious as they awaited Congress approval of a deal aimed at averting a US default, which would likely result in significant bond issuance. Meanwhile, in the corporate arena, India has filed a graft case against BAE Systems and Rolls-Royce, accusing them of "criminal conspiracy" in the acquisition and production of 123 advanced jet trainers. Additionally, attention turned to Monte dei Paschi as its CEO expressed the belief that the bank should collaborate with domestic peers to establish a robust presence in Italy's banking sector, forming a "third pole."

European Shares Mostly Flat on Tuesday

European equity markets were set for a muted open on Tuesday as investors remain cautious ahead of a congressional vote on the tentative US debt ceiling deal, with some Republican lawmakers saying they would oppose the deal even as the June 5 deadline looms. Investors also look ahead to a raft of economic reports in the euro zone, including credit, inflation expectations and a series of sentiment data. DAX and Stoxx 600 futures rose about 0.1% in premarket trade, while FTSE 100 futures were flat as UK markets return from a holiday-extended weekend.

European stocks declined during a subdued trading session on Monday, with Germany's DAX 40 ending the day 0.2% lower at 15,949 points. Concerns regarding inflation and the possibility of further interest rate increases weighed on investor sentiment, while the market remained cautious ahead of a busy week with several important economic releases on the horizon, including the flash estimate of the Eurozone's inflation rate, global manufacturing PMIs, and the highly anticipated US jobs report scheduled for release on Friday. In Spain, Prime Minister Sanchez announced that the country would hold an early general election on July 23 following his party's loss of ground in regional elections. Furthermore, negotiators in Washington reached a budget agreement that would suspend the $31.4 trillion debt ceiling until January 1, 2025; while in Turkey, President Erdogan secured a significant victory in the May 28 runoff election, extending his rule for a third decade.

European Shares Close Slightly Lower

European stock markets turned negative in thin trading on Monday, with Germany's DAX 40 falling back below the 16,000 level, as investor sentiment was cautious due to the upcoming busy week with several significant economic releases on the horizon and as worries lingered about inflation and further rate increases. The market awaited key events such as the flash estimate of the Eurozone's inflation rate, global manufacturing PMIs, and the highly anticipated US jobs report scheduled for release on Friday. Meanwhile, Spain's PM Sanchez said the country would hold an early general election on July 23 after his party lost ground in regional elections. Elsewhere, negotiators in Washington reached a budget agreement that would result in the suspension of the $31.4 trillion debt ceiling until January 1, 2025. In Turkey, President Erdogan secured a significant victory in the runoff election held on May 28, extending his rule for a third decade.

European Shares Turn Lower Ahead of Key Data

European stocks rose on Monday, with Germany's DAX 40 adding 0.4% to trade at 16,050 points, as positive news emerged regarding the resolution of the US debt ceiling issue. US President Joe Biden successfully reached a budget agreement with House Speaker Kevin McCarthy, resulting in the suspension of the $31.4 trillion debt ceiling until January 1, 2025. Biden has also expressed confidence that the deal would pass through Congress. Additionally, investors anticipated a busy week ahead with various economic releases on the horizon. Notable events included the flash estimate of the Eurozone's inflation rate, worldwide manufacturing PMIs, and the highly anticipated US jobs report scheduled for release on Friday. In other news, President Recep Tayyip Erdogan secured a significant victory in the runoff election held on May 28, extending his rule for a third decade.

European Shares Rise on US Debt Limit Deal

European equity markets were headed for a higher open on Monday after President Joe Biden and House Speaker Kevin McCarthy reached a deal to raise the US debt ceiling over the weekend, removing a source of uncertainty in the market. Meanwhile, there are no major economic and earnings releases in Europe on Monday, though investors will continue to assess the economic and monetary policy outlook. Elsewhere, President Recep Tayyip Erdogan secured a win in the runoff election held on May 28, extending his rule for a third decade. DAX futures rose 0.2% in premarket trade, while Stoxx 600 futures gained 0.1%. UK markets are closed for a bank holiday.

European shares staged a recovery at the end of a volatile week, bouncing back from multi-week lows on Friday. Germany's DAX 40 index surged by over 1%, reaching 15,965 points, while the pan-European STOXX 600 also climbed by the same margin, reaching 460 points. Investors remained cautious but gained some confidence as negotiations in Washington indicated progress towards reaching a deal on lifting the US debt ceiling. Reports suggested that the two sides were only $70 billion apart, keeping market participants on edge. In terms of corporate news, German media group ProSiebenSat.1 confirmed its full-year outlook, while Rio Tinto's stock received an upgrade from "equal weight" to "overweight" by Morgan Stanley. Additionally, French supermarket company Casino resumed trading after a temporary suspension earlier in the week. The company officially announced the start of court-backed negotiations with its creditors.

European Shares Climb 1% at End of Volatile Week

European shares rose Friday following a recent sell-off that resulted in the pan-European STOXX 600 index reaching its lowest level in two months. This upward trend was driven by optimism surrounding an imminent agreement to raise the US debt ceiling. According to Reuters, negotiations in the US are still ongoing, but the two sides are reportedly only $70 billion apart, raising hopes for a resolution. In corporate news, Volkswagen and its subsidiary Audi reached a preliminary settlement of $85 million regarding violations of Texas environmental laws stemming from the diesel cheating scandal. Meanwhile, Credit Suisse is expected to repay the emergency liquidity provided by the Swiss government, which had aided the bank's rescue efforts. Lastly, supermarket chain Asda and petrol stations company EG Group are in the final stages of merging their operations in Britain, in a deal estimated to be worth £10 billion. The STOXX 600 added 0.4% and Germany's DAX 40 gained 0.3% to 15,840 points.

European Shares Rebound from 8-Week Lows

European equity markets were headed for a muted open on Friday as investors cautiously awaited updates on the ongoing debt ceiling negotiations in Washington. Still, sentiment toward the technology sector remained upbeat after Nvidia’s revenue guidance crushed estimates due to an expected surge in AI chip demand. Meanwhile, investors digested data showing UK retail sales turned positive and exceeded expectations in April, while awaiting French and Italian consumer confidence data. DAX, Stoxx 600 and FTSE 100 futures drifted flat to slightly positive in premarket trade.

European shares suffered further losses on Thursday, as Germany's DAX 40 index declined by 0.5% to reach a closing point of 15,767, marking its lowest level since May 4th. Likewise, the pan-European STOXX 600 index dropped 0.2% to 457 points, the weakest performance seen since April 5th. Global markets continued to be influenced by the ongoing US debt ceiling issue, with US House Speaker Kevin McCarthy saying negotiators have made some progress on talks to raise the US debt limit but without any significant breakthrough thus far. In terms of economic indicators, revised German GDP data revealed that the largest economy in Europe had entered a recession in the first quarter. However, there was a glimmer of hope as consumer morale in Germany showed improvement leading up to June. On a positive note, European chip stocks experienced a boost from the impressive financial results reported by semiconductor heavyweight Nvidia.

European Shares Extend Losses to Multi-Week Lows

European stock markets remained under pressure on Thursday, following a significant sell-off on Wednesday, which marked the worst decline in over one-and-a-half months. The ongoing US debt ceiling issue continued to weigh on global markets, as the White House and Republicans reported progress in the latest round of talks but no significant breakthrough yet. Furthermore, ratings agency Fitch placed the US' "AAA" rating on watch for a potential downgrade, making it the first major agency to take such action. On the economic front, revised German GDP data revealed that Europe's largest economy entered a recession in the first quarter, while consumer morale in the country showed improvement as June approached. Lastly, European chip stocks are expected to receive a boost from impressive financial results reported by semiconductor heavyweight Nvidia.

European Shares Extend Decline

European equity markets were set for a positive open on Thursday, tracking Nasdaq futures higher as Nvidia posted upbeat quarterly results and issued a stronger-than-expected revenue guidance driven by AI chip demand. Still, the US debt ceiling impasse prompted caution among investors, with Fitch Ratings warning the ongoing debt ceiling negotiations have raised the risks that the US government could miss payments on some of its obligations. Meanwhile, Germany’s first-quarter GDP data was revised lower, placing the economy in a technical recession, while consumer confidence in the country improved for the eighth consecutive month. DAX and Stoxx 600 futures were up about 0.2% in premarket trade, while FTSE 100 futures rose 0.1%.

European Markets Set to Open Cautiously Higher

European equity markets suffered the biggest sell-off since March 15th on Wednesday, with Germany's DAX 40 index retreating over 2% to reach a three-week low of 15,818 points and the pan-European STOXX 600 index dropping 1.8% to its lowest level since April 5th. Investor sentiment was negatively impacted by ongoing uncertainty surrounding the US debt ceiling negotiations, while higher-than-expected inflation figures in the UK increased expectations of future interest rate hikes by the Bank of England. Meanwhile, German business morale deteriorated in May due mainly to a sharp decline in future expectations. Elsewhere, the luxury sector faced pressure due to concerns about demand, particularly from the key Chinese market. Finally, investors were eagerly anticipating the release of minutes from the Federal Reserve's recent policy meeting, scheduled for later today.

European Shares Suffer Worst Selloff in 2 Months

Major bourses in Europe were lower on Wednesday, with the DAX losing 1.5% while the STOXX 600 fell 1.2% and was on track for its most significant daily drop in more than two months. The ongoing uncertainty surrounding the US debt ceiling negotiations continued to weigh on investor sentiment while a hotter-than-expected inflation print in the UK reinforced bets of more BoE rate hikes ahead. At the same time, the luxury sector remained under pressure amid demand concerns, specially from the top Chinese market. Shares of both LVMH and Richemont sank around 1.5% each. Stocks of real estate and autos were also under heavy selling pressure.

European Shares Sink More than 1%

European stock markets fell nearly 1% on Wednesday, extending Tuesday's losses, with the STOXX 600 heading for its biggest daily decline since May 2. The uncertainty surrounding US debt ceiling negotiations continued to weigh on markets, while investors digested higher-than-expected UK inflation numbers and awaited the publication of minutes from the Federal Reserve's last policy meeting later today.

European Shares Down on US Debt Ceiling Jitters

European equity markets were set to open sharply lower on Wednesday, extending losses in the previous session as lingering uncertainty over the debt ceiling negotiations in Washington dampened investor sentiment. Investors also digested data showing UK inflation declined by a wide margin to 8.7% in April from 10.1% in March as energy prices eased, though it missed forecasts for a sharper drop to 8.2%. Investors now look ahead to Germany’s Ifo survey of current business conditions for more clues on the economy, as well as earnings reports from major firms such as M&S, SSE and Julius Baer. DAX, Stoxx 600 and FTSE 100 futures were all down about 0.7% in premarket trade.

European stocks declined on Tuesday, with the German DAX down 0.4% and the benchmark Stoxx 600 falling 0.6%. The luxury goods sector was among the worst performers, with shares in luxury companies such as LVMH, Hermes, and Kering falling between 4.5% and 7.5%, due to concerns over weakening demand in the United States. Deutsche Bank has advised investors to be more selective in luxury stocks as concerns grow about softening US growth, despite positive momentum in China and a resilient European market. Also, Julius Baer's shares plummeted more than 7% following the Swiss bank's report of a modest increase in assets under management and money inflows during the first four months of the year.

European Stocks Fall Led by Luxury Stocks

European stocks continued their decline on Tuesday afternoon, with Germany's DAX 40 dropping for a second consecutive session to 16,151 points. Investor sentiment was hit by the latest European and British PMI surveys, which revealed a greater-than-expected slowdown in business activity growth rates in May due to a sharp contraction in manufacturing. In addition to these concerns, market participants closely monitored the progress of the US debt ceiling negotiations after Treasury Secretary Janet Yellen expressed worries about the possibility of a debt default by June 1. On the corporate front, Julius Baer's shares plummeted following the Swiss bank's report of a modest increase in assets under management and money inflows during the first four months of the year. Vivendi also faced pressure due to news that controlling shareholder Vincent Bollore had sold shares in the French media group.

European Shares Extend Losses in Afternoon Trade

European stock markets displayed a lackluster performance for the second consecutive session on Tuesday, with Germany's DAX 40 continuing to retreat from its recent peak of 16,332 points touched on May 19. Investors digested the latest European and British PMI surveys, which indicated business activity growth rates slowed more than expected in May as the service sector growth weakened and manufacturing output contracted further. Simultaneously, market participants were keeping a close eye on the progress of the US debt ceiling negotiations. Treasury Secretary Janet Yellen reiterated concerns that the United States could potentially face a debt default by June 1, adding to the overall market apprehension. On the corporate front, shares of Julius Baer tumbled after the Swiss bank reported a modest rise in assets under management and money inflows in the first four months of the year.

European Shares Down as Traders Digest PMI Data

European stock markets displayed a lackluster performance for the second consecutive session on Tuesday, with Germany's DAX 40, in particular, continuing to retreat from its recent peak of 16,332 points touched on May 19. Investor sentiment remained cautious as they awaited the release of the eagerly anticipated European and British Purchasing Managers' Index (PMI) surveys for May. Simultaneously, market participants were keeping a close eye on the progress of the US debt ceiling negotiations. Treasury Secretary Janet Yellen reiterated concerns that the United States could potentially face a debt default by June 1, adding to the overall market apprehension.

European Shares Flat as Traders Eye PMIs, US Debt Limit Talks

European equity markets were headed for a muted open on Tuesday as investors cautiously awaited updates from the US debt ceiling negotiations, with Treasury Secretary Janet Yellen reaffirming that the US could be at risk of debt default by June 1. Investors also look ahead to euro zone manufacturing and services activity data for May, as well as the latest current account report to gauge the economic health of the region. There are no major earnings reports slated for Tuesday. DAX, Stoxx 600 and FTSE 100 futures were all trading flat to slightly negative in premarket trade.

European stocks were muted on Monday afternoon, with Germany's DAX 40 experiencing a slight decline of 0.4% from its all-time high of 16,332 points reached on Friday. Investor sentiment remained cautious as the US debt ceiling negotiations continued to unfold. President Joe Biden and House Speaker Kevin McCarthy are expected to meet later today to discuss the debt limit, while Treasury Secretary Janet Yellen has repeatedly warned about the potential default on US debt as early as June 1 if an agreement to raise the debt ceiling is not reached. In corporate news, shares of Adidas took a significant hit, falling more than 3%, following a profit warning from its US peer, Foot Locker, on Friday. Additionally, in a newspaper interview, the CEO of Henkel expressed the German consumer goods group's interest in pursuing acquisitions. On the economic data front, Eurozone consumer confidence came in weaker than expected in May.

European Shares Trade Cautiously as Debt Limit Talks Continue

European stock markets were subdued on Monday, with Germany's DAX 40 slightly declining from its all-time high of 16,332 points reached on Friday. Investors adopted a cautious approach as they awaited updates on the ongoing US debt ceiling negotiations. US President Joe Biden and House Speaker Kevin McCarthy were scheduled to continue discussions on Monday, with Treasury Secretary Janet Yellen issuing repeated warnings about the potential default on US debt as early as June 1 if an agreement to raise the debt ceiling is not reached. Market participants also had their focus on upcoming data releases, including euro zone construction output and consumer confidence figures. In corporate news, shares of Adidas tumbled more than 3% after its US peer Foot Locker sank on Friday following a profit warning. Meanwhile, Henkel CEO said in a newspaper interview that German consumer goods group was on the lookout for acquisitions.

European Shares Muted on US Debt Ceiling Setback

European equity markets were headed for a muted open on Monday as investors cautiously awaited for updates on the US debt ceiling negotiations. US President Joe Biden and House Speaker Kevin McCarthy are set to continue discussions on Monday, as Treasury Secretary Janet Yellen has repeatedly warned that the US could default on its debt as early as June 1 if a deal to raise the US debt ceiling is not reached. Investors also look ahead to euro zone constructions output and consumer confidence data to gauge the economic health of the region. DAX and Stoxx 600 futures fluctuated around the flatline on premarket trade, while FTSE 100 futures fell 0.2%.

The German DAX reached a record high of 16,275 on Friday, and the benchmark Stoxx 600 rose by 0.8% to its highest level in over a year, driven by optimism surrounding a potential resolution to the US debt ceiling issue. President Joe Biden and top US congressional Republican Kevin McCarthy have expressed their determination to promptly reach an agreement to raise the government's borrowing limit. However, at the closing bell in Europe, it was reported that GOP negotiators had walked out of a debt ceiling meeting, casting some uncertainty. The ongoing corporate earnings season in Europe has been strong, with major companies consistently surpassing expectations. In terms of economic data, German producer price inflation has slowed down to its lowest level in over two years, indicating a further easing of inflationary pressures in Europe's largest economy.

German DAX Closes at Record High

European shares continued to rise in afternoon trading on Friday, with the pan-European STOXX 600 increasing by approximately 1% to hit 470 points, the highest level in over a year, and the DAX 40 consolidating its gains above the 16,300 mark, reaching a fresh 16-month high. Additionally, the STOXX 50 touched an all-time high of 4,415. Sentiment has been supported by the growing optimism surrounding a potential resolution to the US debt ceiling issue. President Joe Biden and top US congressional Republican Kevin McCarthy have expressed their determination to promptly reach an agreement to raise the government's borrowing limit. Additionally, the ongoing corporate earnings season has been robust, with major European companies consistently surpassing expectations. On the economic data front, German producer price inflation has slowed down to its lowest level in over two years, suggesting that inflationary pressures in Europe's largest economy have further eased.

European Stocks Rally

DE40 increased to an all-time high of 16294

Stocks in Germany Hit All-time High

European shares rose on Friday, with Germany's DAX 40 index solidifying its gains above the 16,200 level and reaching a new 16-month high, fueled by growing optimism that a resolution regarding the US debt ceiling was on the horizon. President Joe Biden and top US congressional Republican Kevin McCarthy expressed their determination to promptly reach an agreement to raise the government's borrowing limit, which currently stands at $31.4 trillion. Additionally, the ongoing corporate earnings season has been remarkable, as major European companies have consistently surpassed expectations. Furthermore, German producer price inflation has decelerated to its lowest level in over two years, suggesting inflationary pressures in Europe's largest economy eased further.

European Stocks Up, DAX Hits Fresh 16-Month High

European equity markets were headed for a higher open on Friday on upbeat global sentiment, with investors growing optimistic that the US government would be able to strike a deal on raising the debt ceiling soon to prevent a default. Markets will also monitor the Group of Seven summit in Japan where major economies including Canada, France, Germany, Italy, Japan, the UK and US are expected to discuss international trade and security. Meanwhile, investors digested data showing producer inflation in Germany slowed to a 25-month low in April. DAX, Stoxx 600 and FTSE 100 futures were all up about 0.3% in premarket trade.

The German DAX index climbed 1.3% to its highest level since January 2022, with Commerbank and Volkswagen up 4.7% and 3.2%, respectively. Also, shares of Deutsche Bank were up 0.8% after the lender reached an agreement to pay $75 million to settle a lawsuit filed by women who alleged they were victims of abuse by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. Other European stocks also gained, with the benchmark Stoxx 600 up 0.4%, boosted by optimism surrounding the potential breakthrough in US debt ceiling talks. In corporate headlines, luxury fashion brand Burberry reported a notable 16% increase in Q4 comparable store sales, while Royal Mail posted an annual adjusted operating loss of £419 million, which surpassed market expectations. Additionally, telecommunications company BT Group announced plans for up to 55,000 job cuts, despite reporting a 5% rise in full-year adjusted core earnings.

DAX Rises to 17-Month High

Germany Stock Market Index (DE40) rose above 16200 points.

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