European Stock Indices Decline Amid Political Uncertainty Today, the Eurostoxx 50 index (Europe 50 on FXOpen) has dropped below the early May minimum, reflecting escalating market concerns over the upcoming French elections, as reported by Reuters. Finance Minister Bruno Le Maire's acknowledgment that the current political crisis could evolve into a financial...
As the comparison chart shows, the ESX50 lags behind the US500. And this trend has been observed since mid-December, a period when central banks around the world published interest rate decisions and set expectations for the future. The divergence suggests that Europe's central bankers are in no rush to join the US turn to lower interest rates — even as investors...
Yesterday, the values of the PMI index (it is characterized as a leading indicator of industrial production and services) for European countries were published: → in Germany: fact = 42.3; expected = 41.1; a month earlier = 40.7; → in France: fact = 42.6; expected = 43.2; a month earlier = 42.6; Although the index values are below 50, indicating a contraction in...
According to them: → the price of the S&P 500 index will reach 4,500 at the end of the year (previous forecast = 4,200); → the dollar will continue to remain strong. According to Goldman Sachs analysts, published yesterday, the price of the S&P 500 index will fluctuate around current levels, forming a consolidation zone. That is, a decline in the S&P 500 is...
In this update we review the recent price action in the EuroStoxx50 and identify the next high probability trading opportunities and price objectives to target