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CAC, DAX forecast: EU stocks struggle amid political uncertainty as Wall Street hits records
In Europe, concerns about US tariffs, a struggling Eurozone economy and political uncertainty in France and Germany are continuing to hold back risk assets. France's CAC index is now nearly 6% lower on the year. The DAX forecast is also far from bullish, with a key drag being the European auto sector’s reaction to potential tariff threats.
Two trades to watch: GBP/USD, CAC40
GBP/USD looks to PMI data, financial stability report. CAC 40 rises ahead of PMI, French industrial production.
Two trades to watch: GBP/USD, CAC
GBP/USD falls as stagflation fears rise. CAC rallies after the first round of the French elections.
Two trades to watch: CAC, EUR/USD
CAC rises but is set for a weekly loss ahead of the French election. EUR/USD falls for a 7th day.
[Video] WTI Eyes a Break of 70, USD/CAD Points Lower Ahead of NFP
Another decent employment set supported oil prices overnight, seeing WTI probe 70 resistance ahead of today’s Nonfarm payroll report.
[Video] CAC Hits 20yr High, NVIDIA’s Rally Looks Stretched
The CAC is now trading at its highest level since its 2000 peak, and there could more to come if key support holds.
Engie confirms 2020 outlook
Engie, the electric utility company, announced that 9-month current operating income dropped 27.9% on year to 2.8 billion euros.
Renault may turn bullish if key chart hurdle falls
Renault, the carmaker, plans to cut 5,000 jobs in France by 2024, mainly through unreplaced retirements, as part of the €2 billion savings plan that the carmaker will present on Friday
EU stocks on shaky footing ahead of French elections
European politics will be dominating the headlines in the coming weeks and months. As a result, the market’s focus will turn to European markets as we could see heightened volatility and therefore more trading opportunities.
EUR/CAD: Eurozone PMIs beat, Canadian CPI next
The euro finds itself higher across the board, including against the Canadian dollar ahead of the nation's inflation data...