Ethereum buys from the support level

Chainlink another buys from the support

Rising Wedge

Falling Parallel Channel

Rectangle Pattern

Ripple to be bought again

Bitcoin buys from support retest

DJ30 shorts from the top

Still short on Gold

Another shorts on EURUSD

Another bearish shot on EURUSD

DJ30 at a weekly resistance level

Symmetric Pattern

Falling Wedge

Unusual price action on Gold

AUDUSD buys from support

Range Bound

Ascending Triangle

Rising Parallel Channel

Faling Wedge

Opportunity Ahead

美元疲软，黄金价格继续冲刺

澳洲CPI今晚发布，数据面动能短线回落

DJ30 buys from 35100

GBPJPY at the resistance level for sells

Breakout of Falling Parallel Channel

Pennant

Book full Profit

黄金继续受到美元走软利好，站稳2000并继续向上冲刺

美元地位冲高回落，整体动能依然偏空

EURUSD is at a resistance

Gold at a weekly resistance

Round 2 on Ethereum

Chainlink in a bullish trend

Hop on to XRP before its late

Bitcoin just broke out from the trendline

AUDUSD to sell from 0.6570

Another scale in on shorts on GOLD

Tesla buys from 233

Brent at 82.70

Flag And Pole

Huge XRP Weekly Megaphone Structure Revealed. Huge Moves Ahead!

Gold down after breakout sells

GBPJPY has a trendline breakout sell

DJ30 still bullish

Bullish shots on EURUSD from 1.0885

GOLD double bottom formation

Double Pattern Formation

Ethereum at 1955

Chainlink gaining momentum

The Honest Forming Falling Wedge

Book Full Profit

Book Partial

XRP going to be another bullish magnificent

Bitcoin in a bull run

USDJPY Yearly High Rejection - US Dollar Weakening

Bitcoin Bulls Reclaimed A Crucial Weekly Ready For More Upside!

Cup & Handle breakout

Falling Wedge breakout on the upside

Symmetric Pattern breakdown

Marriot forming Rising Wedge

Retracement expected Start Booking

European shares were slightly down on Monday, as investors paused for breath following the recent surge propelled by hopes of rate cuts, which had driven the major European index to its highest point in four months. Both the STOXX 50 and STOXX 600 dipped approximately 0.3%, with miners leading the losses amidst decreased oil and copper prices. Meanwhile, investors are anticipating Friday's US payrolls data to glean further insights into the Federal Reserve's policy trajectory for the upcoming year. In corporate developments, pharmaceutical giant Roche announced a definitive agreement to acquire Carmot Therapeutics for $2.7 billion. Additionally, Anglo-Swedish drugmaker AstraZeneca has struck a deal valued at up to $247 million with US-based artificial intelligence (AI) biologics firm Absci to collaborate on designing an antibody aimed at combating cancer.

European Stocks Start the Week Slightly Lower

European equity markets were set for a muted open on Monday as investors awaited more data this week to guide the economic and monetary policy outlook further. Eurozone third quarter GDP data will be released on Thursday, while producer inflation and retail sales figures are also on deck this week. Meanwhile, Federal Reserve Chair Jerome Powell said on Friday that current monetary settings were “well into restrictive territory,” but warned that it is “premature” to anticipate policy easing. Euro Stoxx 50 futures were flat in premarket trade, while FTSE 100 futures fell 0.3%.

European Markets Set for Muted Open

European stocks surged on Friday, with the STOXX 50 climbing 0.7% to hit 4,415 points, its highest level since July 31st. Meanwhile, the STOXX 600 soared by 1%, reaching a four-month peak of 466 points, after encouraging inflation data released from both the Eurozone and the US on Thursday sparked speculation of potential rate cuts by both the ECB and the Federal Reserve. Also, investors shrugged off Fed Chair Powell's hawkish remarks reiterating the ongoing battle against inflation. Among individual stocks, Signify rose by 4.5% following the world's largest lights maker's announcement of a new cost-reducing organizational structure. On the flip side, Bechtle AG experienced a 4.5% decline after revealing a convertible bond offering, while streaming company Viaplay plummeted by 74% to a record low as a result of plans to raise new equity and restructure its debt.

European Stocks Close at 4-Month High

European equity markets surged on the first trading session of December, with the STOXX 50 soaring past the 4,400 level for the first time since August 1st and the STOXX 600 scaling up by approximately 0.5% to reach a peak of 462 points, a two-and-a-half-month high. Investors welcomed encouraging inflation data released on Thursday, both from the Eurozone and the US, fostering optimism and fueling speculation of potential rate cuts by both the European Central Bank and the Federal Reserve. Meanwhile, investors will be digesting final manufacturing PMI readings across the region for further guidance.

European Stock Rally Continues Amid Rate Cuts Hopes

European equity markets were headed for higher open on Friday as investors looked to build on sizable gains from November. On Thursday, regional markets rallied after further evidence of disinflation in the continent strengthened bets that the European Central Bank may expedite rate cuts in 2024. Investors now look ahead to final manufacturing PMI readings across the region on Friday for further guidance. Euro Stoxx 50 futures jumped about 0.4% in premarket trade, while FTSE 100 futures gained 0.3%.

European Markets Head for Higher Open

European equity markets closed firmly higher on Thursday as further evidence of disinflation in the continent strengthened bets that the European Central Bank may expedite rate cuts in 2024. The Eurozone’s Stoxx 50 added 0.3% and the pan-European Stoxx 600 advanced 0.5%, both at their highest since early August, with the latter recording its best month since January. Preliminary figures showed both headline and core inflation rates for the Euro Area fell more than anticipated to 2.4% and 3.6% respectively. The headline rate is now approaching the ECB target of 2% and investors bet the first ECB rate cut could happen as early as April, even though central bank policymakers have been reiterating that borrowing costs need to stay elevated for some time. Policy-sensitive consumer cyclicals advanced the most, led by sharp advances for luxury giants in Paris with LVMH shares jumping by 2%. Also, TotalEnergies and Eni advanced after OPEC+ nations extended their output cuts.

European Stock Indices Rise to 3-Month Highs

The pan-European EURO STOXX 50 was around the flatline while the STOXX 600 added about 0.2% on the last day of November, with investors digesting a bigger-than-expected fall in Eurozone inflation. Preliminary figures showed both headline and core inflation rate for the Euro Area fell more than anticipated to 2.4% and 3.6% respectively. The headline rate is now approaching the ECB target of 2% and investors bet the first ECB rate cut could happen as early as April, even tough central bank policymakers have been reiterating that borrowing costs need to stay elevated for some time. Considering the November month, the EURO STOXX 50 is about to gain 7.7% to close at its strongest level since mid-August. The STOXX 600 is up more than 6% to reach levels not seen since mid-September.

European Shares to End November Sharply Higher

European equity markets were slightly higher on the final session of the month, with both the STOXX 50 and STOXX 600 edging up 0.2%, as all eyes turned to updates on Eurozone and US price pressures, scheduled for later today. In other economic news, France's harmonized inflation rate fell more than expected to 3.8% in November, reaching the lowest level since January 2022. German retail sales rebounded by 1.1% in October, surpassing the market consensus of a 0.4% advance. On the corporate front, Dr Martens predicted a decline in its annual revenue, while Metro Bank revealed plans to reduce its workforce by 20%. Swiss engineering company ABB has set higher sales and profitability targets, whereas Scandinavian airline SAS experienced an increased pretax loss in Q4.

European Shares Edge Up Ahead of Key Inflation Data

European equity markets were headed for a higher open on Thursday as investors look ahead to the release of preliminary Eurozone inflation data for November. Markets in the region are also set to extend gains made on Wednesday when data released in the afternoon showed German inflation to 2.3% in November, coming in below forecasts of 2.6%. Euro Stoxx 50 and FTSE 100 futures are up about 0.2% in premarket trade.

Equity markets in the Eurozone closed sharply higher on Wednesday, recovering from losses earlier in the week with the Stoxx 50 advancing 0.6% to reach a near four-month high, while the pan-European Stoxx 600 rose by 0.5% as regional CPI prints extended evidence of disinflation in the continent. Preliminary figures for Germany and Spain pointed to a bigger-than-expected cool-down in inflation, prompting investors to raise bets the ECB could start cutting interest rates next year. At the same time, dovish comments from Fed officials signaling that the US central bank has concluded interest rate hikes and is poised to initiate rate cuts next year also pushed investors' sentiment higher. Consequently, policy-sensitive consumer cyclical stocks led the gains with major auto shares closing sharply higher. Stellantis soared over 5%, while BMW added 3%. Tech shares also benefited from the developments, with ASML, SAP, and Infineon all jumping over 1.5%.

Eurozone Equities Advance to Near 4-Month High

Stocks in Euro Area Hit 15-week High

Major bourses in Europe extended gains on Wednesday morning, with the EURO STOXX 50 adding about 0.6% and the STOXX 600 rising 0.5%, as traders welcomed fresh CPI data. Preliminary figures for Spain and regional CPIs for Germany pointed to a cool down in inflation in Europe, prompting investors to raise bets the ECB could start cutting interest rates next year. At the same time, dovish comments from Fed officials signaling that the US central bank has concluded interest rate hikes and is poised to initiate rate cuts next year also pushed investors' sentiment higher. Consumer cyclical, tech and industrials were the top performing sectors while energy and financials were in the red. Also, real estate stocks soared about 2% to hit its highest level since March.

European Stocks Rise as Inflation in Europe Falls

European stock markets remained subdued on Wednesday, as both the STOXX 50 and STOXX 600 hovered near the neutral line while investors processed a slew of economic data. Reports from Germany and Spain reinforced expectations of a decline in Eurozone inflation, prompting investors to bolster their predictions of future policy rate cuts. Simultaneously, investors welcomed dovish comments from Fed officials, signaling that the US central bank has concluded interest rate hikes and is poised to initiate rate cuts next year. In corporate news, infrastructure giant Ferrovial disclosed reaching agreements with two buyers to sell its entire 25% stake in Britain's busiest airport, Heathrow. Separately, Richemont stated it was "carefully monitoring" developments after Farfetch's founder expressed interest in potentially privatizing the online luxury retailer.

European Shares Muted as Traders Digest Key Data

European equity markets were set for a lower open on Wednesday as the November rally lost steam, while inventors digested the latest commentary from US Federal Reserve officials. Fed Governor Christopher Waller said that current monetary settings are restrictive enough, but maintained that inflation was still too high. Markets will also assess preliminary inflation figures for Germany and Spain for November. Euro Stoxx 50 and FTSE 100 futures were down about 0.1% in premarket trade.

European Markets Set for Lower Open

European stocks dropped for a second session on Tuesday, with the STOXX 50 down 0.1% and the STOXX 600 down 0.3%. Ubisoft shares fell 9% after the company raised 494.5 million euros ($541.2 million) through convertible bonds. Rolls-Royce gained over 6% after setting a medium-term target of £2.5 billion to £2.8 billion operating profit and a 13-15% operating margin. Recent economic updates showed German consumer morale improved slightly for December, while French sentiment exceeded expectations in November. Investors are anticipating inflation data this week to assess the monetary policy outlook. Meanwhile, Bundesbank President Nagel cautioned that if the inflation outlook worsens, the central bank may need to consider raising interest rates again.

European Stocks Fall for 2nd Session

European stock markets were subdued on Tuesday, with both the STOXX 50 and STOXX 600 losing about 0.3%, as investors remained cautious ahead of crucial inflation data due later this week, which will help discern whether the Fed and ECB have truly concluded their interest rate hikes and predict the possible initiation of rate cuts. In recent economic developments, German consumer morale improved slightly as December approached, although it remained at a notably low level, while French sentiment surpassed expectations in November, reaching its highest mark since April 2022. Regarding individual stocks, Rolls Royce pledged to deliver up to £2.8 billion pounds of operating profit in the medium term, while EasyJet reported 2023 earnings that aligned with analyst expectations. Additionally, Continental and Infineon received upgrades to "buy," whereas ING and Julius Baer were downgraded to "hold" and "underweight," respectively.

European Stocks Slightly Down Ahead of Key Data

European equity markets were headed for a lower open on Tuesday as weak sentiment pervaded markets, while investors continued to assess the economic and monetary policy outlook globally. Markets will also assess a slew of economic reports in the region including Germany’s GfK consumer sentiment survey for December and consumer confidence figures for France. On the corporate front, EasyJet  releases earnings data today. Euro Stoxx 50 futures fell 0.3% in premarket trade, while FTSE 100 futures lost 0.1%.

European Markets Head for Lower Open

Major bourses in Europe were slightly lower to kick off the week, with both the EURO STOXX 50 and the STOXX 600 falling about 0.1%, tracking a global cautious mood. Traders continue to assess the economic and monetary outlook while awaiting key data due this week including the preliminary inflation reading for the Eurozone and Germany, PCE inflation for the US and PMIs for China. Meanwhile, ECB President Christine Lagarde reiterated during a hearing at the European Parliament that interest rates will remain at sufficiently restrictive levels for as long as necessary and that it is not the time yet to start declaring victory over inflation. Basic materials and healthcare were the worst performing sectors while utilities outperformed.

European Stocks Cautious to Kick Off the Week

Major bourses in Europe were slightly lower to kick off the week, with both the EURO STOXX 50 and the STOXX 600 falling about 0.1%, tracking a global cautious mood. Traders continue to assess the economic and monetary outlook while awaiting key data due this week including the preliminary inflation reading for the Eurozone and Germany, PCE inflation for the US and PMIs for China. Meanwhile, ECB President Christine Lagarde is due to appear today in a hearing at the European Parliament. Basic materials and energy were the worst performing sectors while healthcare outperformed.

European Shares Start the Week ostart n a Cautious Note

European equity markets were set for a lower open on Monday as investors turned cautious ahead of key inflation data from major economies this week, with Euro Area inflation figures scheduled for release on Thursday. Meanwhile, there are no major economic or earnings releases on Monday. Euro Stoxx 50 futures fell about 0.2% in premarket trade.

European stocks closed cautiously higher on Friday, extending their positive momentum with the Eurozone blue-chip Stoxx 50 advancing 0.3% to a three-month high while the pan-European Stoxx 600 gained 0.4% to a two-month high. In a Bundesbank event, ECB President Lagarde stated that the central bank reached a point where it can pause tightening and assess the impact of its aggressive tightening cycle on different components of the economy, aligning with previous comments that noted that borrowing costs are at a sufficiently restrictive level and dimming the chances of further rate hikes. Still, European bond yields advanced after Germany announced it intends to suspend debt limits for the fourth consecutive year. Industrial giants traded in Frankfurt contributed to the index’s advance in the session, with Siemens and Schneider adding close to 1%. Financial stocks were also mostly higher, led by a 1.7% jump for Intesa Sanpaolo.

European Equities Extend Multi-Month Highs

European stock markets were muted on Friday, with the STOXX 50 and STOXX 600 maintaining their positions at three- and two-month highs, respectively, as investors continued to assess the economic and interest rate outlook globally. Meanwhile, the German 10-year bund yield rose following news that Germany intends to suspend debt limits for the fourth consecutive year. In corporate news, Barclays is reportedly strategizing to save up to £1 billion, a plan that may involve a workforce reduction of around 2,000 positions, according to Reuters. On a different front, Volkswagen announced its intention to craft a new platform tailored for entry-level electric vehicles in China and Swedish real estate group SBB disclosed its acceptance of offers amounting to €403.8 million for the repurchase of a portion of its debt at a discounted rate, which fell short of the initially announced maximum of €600 million.

European Stocks Muted on Friday

European equity markets were headed for a lower open on Friday as caution dominated sentiment at the end of the week, while investors continued to assess the economic and interest rate outlook globally. Markets will also assess final gross domestic product data and the Ifo Business Climate report for Germany for clues on the state of the region’s largest economy. Euro Stoxx 50 and FTSE 100 futures were both down about 0.2% in premarket trade.

European stocks closed marginally higher on Thursday, with the Stoxx 50 adding 0.2% to a three-month high while pan-European Stoxx 600 also advanced 0.2% to a two-month high as investors assessed the latest economic data for hints on the ECB’s upcoming policy decisions. During the October meeting, ECB members unanimously agreed on the necessity of maintaining interest rates at restrictive levels for as long as required to effectively steer inflation back to the targeted range within an appropriate timeframe. Simultaneously, they remained open to the prospect of further rate hikes should the situation demand it. Meanwhile, data revealed that Eurozone business activity contracted at a slower rate in November, aided by softer declines in both services and manufacturing output. Financial companies and the healthcare sector led the gains in the session, while energy giants closed sharply in the green despite the pullback in crude oil prices.

European Stocks Gain Traction in Afternoon Trading

European stocks trimmed gains to trade near the flat line on Thursday, with the STOXX 50 hovering around 4,355 points, the highest level since August 10th, and the broader STOXX 600 advancing by just 0.1%, as investors were digesting both the latest ECB meeting minutes and freshly released PMI data. During the October meeting, ECB members unanimously agreed on the necessity of maintaining interest rates at restrictive levels for as long as required to effectively steer inflation back to the targeted range within an appropriate timeframe. Simultaneously, they remained open to the prospect of further rate hikes should the situation demand it. Meanwhile, data revealed that Eurozone business activity contracted at a slower rate in November, aided by softer declines in both services and manufacturing output. In corporate news, Virgin Money reported full-year profit below market estimates, Jet2 posted a 19% jump in operating profit, and Endesa has cut its profit outlook.

European Shares Flat on ECB Minutes, PMIs

European stocks were slightly up on Thursday, with the STOXX 50 gaining about 0.1% to 4,355 points, the highest level seen since August 10th and the broader STOXX 600 advancing 0.2% to a fresh two-month high. The latest PMI survey revealed that Eurozone business activity contracted at a slower rate in November. However, employment levels witnessed their first decline since the beginning of 2021, and input cost inflation reached a six-month high. Investors are now anticipating the release of the minutes from the ECB's October meeting. In corporate news, Virgin Money reported full-year profit below market estimates, Jet2 posted a 19% jump in operating profit, and Endesa has cut its profit outlook. Beyond the financial sphere, all eyes were on the Dutch election results, particularly following an exit poll indicating a significant surge for right-wing populist Geert Wilders of the Freedom Party.

European Shares Slightly Up Ahead of ECB Minutes

European equity markets traded near the flat line on Thursday in light trading activity, with the STOXX 50 maintaining its position at the highest level seen since August 10th and the broader STOXX 600 holding steady at a two-month high. Investors are awaiting the publication of the minutes from the ECB's October meeting, alongside Eurozone flash PMI surveys and the Riksbank policy decision due later today. Markets have already priced in ECB interest rate cuts by April and even more aggressively by June, while strength in data might suggest fewer moves are on the table. In corporate news, Virgin Money reported full-year profit below market estimates, Jet2 posted a 19% jump in operating profit, and Endesa has cut its profit outlook. Beyond the financial sphere, all eyes were on the Dutch election results, particularly following an exit poll indicating a significant surge for right-wing populist Geert Wilders of the Freedom Party.

European Shares Flat Ahead of ECB Minutes, PMIs

European equity markets were headed for a mixed open on Thursday as investors look ahead to preliminary Eurozone manufacturing and services activity data for November to gauge the economic health of the region. Markets are also keeping track of Dutch election results after an exit poll suggested right-wing populist Geert Wilders of the Freedom Party is set for a dramatic victory. Euro Stoxx 50 futures fell 0.1% in premarket trade, while FTSE 100 futures rose 0.2%.

European Markets Head for Mixed Open

European stocks closed higher on Wednesday, with the STOXX 50 gaining 0.5% to reach 4,353 points, marking its highest level since August 10th and the broader STOXX 600 climbed 0.3% to a two-month high of 457 points. Bond markets remained relatively stable as central bank officials offered little to dissuade investors from expecting a potential future decrease in interest rates. Minutes from the Fed's recent policy meeting revealed a cautious approach among officials, while ECB President Lagarde warned that victory hasn't been secured yet and cautioned against hasty bets based on short-term data. In corporate updates, Sage reported an 18% increase in full-year underlying operating profit, Thyssenkrupp reported full-year results with "strong" free cash flow and Hugo Boss saw an upgrade to its ratings by both Deutsche Bank and BofA Global Research. Meanwhile, Kingfisher downgraded its full-year profit outlook.

STOXX 50 Closes at Over 3-Month High

European stocks were broadly higher on Wednesday, with both the Eurozone’s Stoxx 50 and the Pan European Stoxx 600 inching 0.3% higher as markets continued to assess the policy outlook for major central banks and whether the recent rally for government bonds could warrant a hawkish response from the Fed and the ECB. Minutes from the Fed’s latest meeting showed that FOMC members are determined to maintain borrowing costs at the restrictive territory for as long as necessary to curb inflation, challenging the market’s recent rhetoric that foresees upcoming rate cuts in the second quarter of 2024. Sharp gains for heavyweight luxury giants in Paris lent support to the Euroxone’s blue-chip index, with Hermes and Kering adding close to 1%. Banks also advanced sharply throughout the currency bloc. On the other hand, ASML hovered in the red, tracking the downturn for Nvidia futures despite a strong earnings report for the chip-making giant.

European Stocks Edge Higher on Wednesday

European equity markets were headed for a higher open on Wednesday as risk sentiment improved, while investors continued to assess the latest Federal Reserve policy meeting minutes. The US central bank signaled that monetary policy will remain restrictive and gave no indication that it could start cutting interest rates soon. Meanwhile, UK’s Chancellor of the Exchequer Jeremy Hunt will deliver his “Autumn Statement” detailing the government’s plans for the economy later today, while Russia will report producer inflation data. Euro Stoxx 50 and FTSE 100 futures were up about 0.1% in premarket trade.

European equity markets showed limited movement on Tuesday, with the STOXX 50 remaining close to a three-and-a-half-year high and the STOXX 600 near a two-month high as investors awaited the Federal Reserve's meeting minutes for insights on future interest rates. In Europe, ECB President Christine Lagarde urged caution on inflation, emphasizing a focus on reaching targets. In corporate updates, AO World raised its profit outlook, contrasting with Sonova, which lowered its full-year core profit forecast. Italy has sold a 25% stake in bailed-out Monte dei Paschi di Siena, the world's oldest bank, while also blocking the planned $1.8 billion acquisition by French group Safran of Collins Aerospace's flight control systems arm. Meanwhile, German arms manufacturer Rheinmetall saw a 3.6% increase after outlining medium-term revenue and operating margin expectations during an investor day presentation.

European Stocks Muted on Tuesday

European equity markets traded mixed on Tuesday, with both the STOXX 50 and STOXX 600 edging 0.1% lower, as investors remained cautious ahead of the highly anticipated minutes of the Federal Reserve's last meeting later in the day, seeking cues on the direction of rates. Still, both indexes stood near three-and-a-half and two-month highs, respectively, amid expectations that central banks in the US and Europe have likely concluded their interest rate hikes. In corporate news, AO World raised its profit outlook, while Sonova cut its full-year core profit outlook. Italy has sold a 25% stake in bailed-out Monte dei Paschi di Siena, the world's oldest bank, while also blocking the planned $1.8 billion acquisition by French group Safran of Collins Aerospace's flight control systems arm.

European Stocks Muted Ahead of Fed Minutes

European equity markets were set for a muted open on Tuesday as investors awaited fresh market-moving cues, with the latest Federal Reserve policy meeting minutes and a highly anticipated earnings report from Nvidia due later today. Meanwhile, markets will assess new car registrations for October from Germany, France and the UK, while there are no major earnings releases on Tuesday. Euro Stoxx 50 and FTSE 100 futures shifted between small gains and losses in premarket trade.

Frankfurt's DAX 40 remained steady near the 15,920-point mark on Monday, as investors took a breather after last week's 4.6% surge, propelling the index to its highest level since August 31st. Investors are eyeing the upcoming German manufacturing and services PMI reports scheduled for later this week, alongside the Ifo Business Climate survey, to assess the economic well-being of Europe's largest economy. On Monday, data revealed that Germany's producer prices dipped by 11% in October, marking the fourth consecutive month of decline in producer prices. Among single stocks, shares of Bayer plummeted by 10% after announcing the termination of a substantial late-stage trial for a new anti-clotting drug due to its lack of efficacy.

DAX Flat After Last Week's Surge, Bayer Down 10%

European equity markets saw little change on Monday as investors paused following last week's rally. The STOXX 50 held steady at its highest level since August 10th, and the STOXX 600 remained at a two-month high, driven by the anticipation of potential interest rate cuts by global central banks next year, responding to a slowdown in inflation. Moody's upgrade of Italy's sovereign debt outlook further contributed to market optimism. In corporate news, Julius Baer adjusted its profit projections downward, while Ashtead predicted that its annual profit would fall short of market expectations. On a more positive note, Compass expressed confidence by forecasting roughly a 13% growth in underlying operating profit for 2024. However, Bayer faced a setback as it terminated a significant late-stage trial for a new anti-clotting drug due to its lack of efficacy.

European Shares Muted After Last Week's Rally

European equity markets were headed for a muted open on Monday amid a lack of market-moving cues, while investors continued to assess the economic and interest rate outlook globally. Markets also look ahead to a raft of manufacturing and services PMI reports across Europe this week, as well as Germany’s Ifo Business Climate survey to gauge the economic health of the region. In Asia, China’s central bank left its one and five-year loan prime rates steady at 3.45% and 4.2%, respectively, as widely expected. Euro Stoxx 50 futures drifted flat to slightly positive in premarket trade, while FTSE 100 futures fell 0.2%.

European Markets Head for Muted Open

European stocks rose around 1% on Friday and booked a weekly gain, with the STOXX 50 up to a 14-week high of 4,340 and the STOXX 600 advancing to an 8-week high of 455 driven by expectations that major central banks have concluded their interest rate hikes. In corporate updates, Italian insurer Generali posted a nearly 30% surge in 9-month adjusted net profit while affirming its commitment to its 2024 targets. Simultaneously, the London Stock Exchange Group bolstered its mid-term growth outlook and revealed a £1 billion share buyback program.

European Stocks Rise 1%, Book Weekly Gains

European equity markets traded higher on Friday, with both the STOXX 50 and STOXX 600 adding about 0.4%, buoyed by declining bond yields amidst speculation that major central banks have concluded their interest rate hikes. The Europen indexes were also set to extend their weekly gains after a stream of data indicating easing inflation in both the US and UK, alongside multi-month lows in oil prices and a surge in US weekly jobless claims, hinted at the possibility of the Federal Reserve and the Bank of England potentially considering rate cuts earlier than anticipated in 2024. In corporate updates, Italian insurer Generali posted a nearly 30% surge in 9-month adjusted net profit while affirming its commitment to its 2024 targets. Simultaneously, the London Stock Exchange Group bolstered its mid-term growth outlook and revealed a £1 billion share buyback program.

European Stocks Rise, Set for Weekly Gain

European equity markets were headed for a higher open on Friday, extending this month’s rally fueled by cooling US inflation which bolstered hopes for an end to the Federal Reserve’s monetary tightening cycle. Investors will also assess a slew of economic reports in the region including final inflation and current account data for the Eurozone, as well as British retail sales figures. On the corporate front, Siemens jumped 5.6% on Thursday after its sales outlook surpassed market expectations. Euro Stoxx 50 and FTSE 100 futures were up 0.15% and 0.3%, respectively, in premarket trade.
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European stocks markets closed mostly lower on Thursday, halting a three-session rally as macroeconomic data and earnings reports suggested that economies and businesses are feeling the impact of higher interest rates to a greater extent. The Stoxx 50, the Eurozone’s blue-chip index, fell 1% while the pan European Stoxx 600 dropped a softer 0.6%. The declines in the currency bloc’s index were largely due to sharp losses in heavyweight consumer cyclical good providers, with LVMH and Kering dropping 2% and 2.7%, respectively, dragged by poor results from British competitor Burberry while BMW, Mercedes, Volkswagen, and Stellantis all dropped more than 1% to set the pace for the auto sector. Additionally, TotalEnergies and Eni tanked over 2% each amid the plunge in oil futures. On the other hand, Siemens added 5.6% after its sales outlook surpassed market expectations.

Eurozone Equities Halt Rally

European stock markets traded mixed on Thursday as investors paused following a recent rally supported by easing inflation in major economies. Both the STOXX 50 and STOXX 600 were slightly down after hitting their highest levels in nearly two months on Wednesday. In European corporate updates, Siemens offered a more cautious sales outlook for 2024 despite surpassing market expectations with its Q4 industrial profit. Conversely, Hellofresh trimmed its core profit projection for the year. Allegro exceeded Q4 profit expectations, Aegon raised its FY capital generation forecast, and Embracer reported a larger-than-expected Q2 operating profit. Meanwhile, in London, Burberry expressed doubts about meeting its revenue forecast due to the impact of a global slowdown in luxury spending.

European Stock Rally Pauses for Breath

European equity markets were set for a muted open on Thursday as the recent market rally takes a breather, while investors continued to assess the implications of easing US inflation and the impact of high-level talks between the US and China. Meanwhile, it will be a quiet day on the data front in Europe, while earnings are set to come from Aegon, Aviva, Burberry, Siemens and Smiths Group, among others. Euro Stoxx 50 futures were down 0.1% in premarket trade.

European stock markets closed higher on Wednesday, with the Stoxx 50 advancing 0.6% to its highest level since August and the Stoxx 600 increasing 0.4% to reach a one-month high, as equities continued to benefit from hopes that the Federal Reserve and other key central banks will refrain from delivering additional rate hikes. Investors welcomed data showing that the UK's inflation rate slowed more than expected in October amid lower energy prices, while the US PPI unexpectedly fell by a considerable amount from the previous month to magnify the US disinflation trend following yesterday’s soft CPI. Key manufacturers led the gains on the corporate front, with BMW, Volkswagen, and Siemens all adding close to 2% in Frankfurt, while Saint-Gobain juped 2.8% in Paris. Luxury giant LVMH also lifted the blue-chip index with a 1.6% jump, benefiting from positive retail sales data in China.

Eurozone Equities Extend Strong Momentum

European equity markets traded higher on Wednesday, with the STOXX 50 trading at its highest level since late August and the STOXX 600 reaching a new one-month high, in anticipation of an end to rate hikes at major central banks. Investors welcomed data showing that the UK's inflation rate slowed more than expected in October amid lower energy prices. Tuesday's data also hinted at a milder-than-forecast inflation rate in the US, raising the prospect of Federal Reserve interest rate cuts as early as next May. On the corporate front, French train maker Alstom announced plans to reduce approximately 1,500 jobs and reported H1 net adjusted income at €174 million, compared to €179 million a year ago. Meanwhile, British power generator and network operator SSE Plc disclosed half-year earnings that exceeded its forecast.

European Stocks Extend Gains on Easing Inflation

European equity markets were headed for a higher open on Wednesday, extending a global stock rally as easing US inflation bolstered bets that the Federal Reserve is done with interest rate hikes. Investors also assessed data showing the UK's inflation rate slowed more than expected in October amid lower energy prices. On the corporate front, earnings are set to come from Aviva, Infineon and Siemens. DAX and Stoxx 600 futures were up about 0.1% in premarket trade, while FTSE 100 futures gained 0.4%.

European equity markets continued their upward trend on Tuesday, with the STOXX 50 surging over 1% to reach an eight-week high, after a lower-than-anticipated US inflation reading reinforced expectations that the Federal Reserve is unlikely to raise interest rates further. Also, data showed consumer morale in Germany improved to an 8-month high. Notable performers included utility company RWE, which saw a more than 3% increase after reporting an 82% surge in core profit, and Adidas, which also rose by over 3%. Major constituents like LVMH, ASML Holding, and L'oreal experienced gains exceeding 1%. The broader STOXX 600 also added 0.7% to a four-week high of 450. In corporate news, Delivery Hero slightly raised its full-year outlook, and Hammerson is in detailed discussions to sell its stake in luxury shopping outlet operator Value Retail for around £1 billion. Additionally, the CFO and COO of Danish energy company Orsted are both set to step down with immediate effect.

European Stocks Extend Gains

European equity markets traded cautiously higher at an 8-week high on Tuesday, with the STOXX 50 up 0.2% after data showed consumer morale in Germany improved to an 8-month high as investors awaited key US inflation figures for further guidance. Leading gains in the index, utility RWE advanced 2% on an 82% surge in core profit. Major companies in the index, including LVMH, ASML Holding, and L'oreal, showed gains of 0.5% or less. The broader STOXX 600 also added 0.2%, with real estate companies trading over 1% higher and miners adding nearly 1%. In corporate news, Delivery Hero slightly raised its full-year outlook, and Hammerson is in detailed discussions to sell its stake in luxury shopping outlet operator Value Retail for around £1 billion. Additionally, the CFO and COO of energy company Orsted are both set to step down with immediate effect.

European Stocks Trade at 8-Week High

European stock markets hovered near the flat line Tuesday, with both the STOXX 50 and STOXX 600 inching 0.1% higher, as investors awaited key US inflation figures for further guidance. Traders will also assess Eurozone updated GDP figures and Germany’s ZEW survey of economic sentiment in November for further cues on the ECB's trajectory. On the corporate front, leading utility RWE reported an 82% surge in core profit, and the online takeaway food company Delivery Hero has modestly raised its full-year outlook. Additionally, Hammerson is engaged in detailed discussions to sell its stake in the luxury shopping outlet operator Value Retail for approximately £1 billion, while the CFO and COO of energy company Orsted are both set to step down with immediate effect.

European Shares Little-Changed Ahead of Key Data

European equity markets rose on Monday, with the STOXX 50 up nearly 1% to an eight-week high of 4,239 as nearly all stocks recorded increases. Healthcare company Fresenius led the gains with a 3% rise, followed by Unicredit, which advanced 2.6% after becoming the largest investor in Alpha Bank by acquiring a 9% stake previously owned by Greece's HFSF. Major companies in the index, including LVMH, ASML Holding, and L'oreal, showed little change ahead of key data releases in major economies this week, such as updated GDP figures for the Eurozone and crucial data on US and UK CPI. The broader STOXX 600 climbed 0.7% to 447, driven by gains in travel and leisure stocks. In corporate news, Novo Nordisk edged up after data showed heart-protective benefits of its Wegovy obesity treatment beyond weight loss alone. Britain's Phoenix Group raised its full-year cash generation forecast, while Barclays downgraded Technip Energies' stock from "overweight" to "underweight."

European Stocks Advance, STOXX 50 at 8-Week High

Stocks in Euro Area Hit 4-week High

Stocks in Euro Area Hit 30-week Low

Stocks in Euro Area Hit 5-week Low

Stocks in Euro Area Hit 4-week Low

EU50 increased to a 15-1/2-year high of 4420

Stocks in Euro Area Hit 15-1/2-year High

Stocks in Euro Area Hit 7-week Low

Stocks in Euro Area Hit 15-year High

EU50 increased to a 18-month high of 4412

Stocks in Euro Area Hit 18-month High

EU50 increased to a 16-month high of 4399

Stocks in Euro Area Hit 16-month High

EU50 increased to a 14-month high of 4325

Stocks in Euro Area Hit 14-month High

EU50 increased to a 13-month high of 4317

Stocks in Euro Area Hit 13-month High

European stocks fell on Thursday, following losses on Wall Street and Asia-Pacific, as investors digested a hawkish rhetoric from the US Federal Reserve while awaited monetary policy decisions from both the European Central Bank and Bank of England. US policymakers hiked interest rates 50 bps, pushing borrowing costs to the highest level since 2007 and projected interest rates would increase more than previously thought next year. In Europe, central banks in the Euro Area and the UK are both seen raising rates by 50 bps. Elsewhere, China's economic data showed a slowdown in industrial output growth and a sharp decline in retail trade due to strict COVID 19-related curbs. On the corporate front, H&M sales rose slightly ahead of market expectations, while utility company Enel entered talks to sell Romanian assets and approved a hybrid debt issue and banking heavyweight HSBC's disgruntled shareholders launched a new campaign to spin off assets.

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