European shares fluctuated in the open of the session today following a successful trade in the previous day of trade as investors look forward toward Thursday’s US job report release and euro zone’s producer price data.
Market strategist at brokerage IG Markets, Chris Beauchamp thinks that what the market needs to sustain the incline is for the European Central Bank to make some dovish commentary and the US non-farm payrolls report to be a positive one.
Beauchamp’s observation will be tested on Thursday as the ECB Governing Council are set to meet and the US job report is released a day ahead of the US holiday. Preliminary surveys and predictions peg the jobs quantity to around 215,000 for June. Wednesday is expected to be a cautious trading session as the investors anticipate the results of Thursday’s events.
UK’s FTSE 100 is up a bit with a 0.16% increase or 10.86 pips to 6813.78. Germany’s DAX and France’s CAC 40 Index are opposite with a 0.12% gain for the German index or 12.27 pips to 9,914.68 and a 0.23% decline for the French index or 10.17 pips to 4,459.95. IBEX 35 is also down 0.22% or 23.80 pips to 10,984.00.
On the other side, Wall Street witnessed record highs for US stocks as S&P 500 and the Dow hit all-time intraday highs on good manufacturing data that indicated an expansion in the mentioned sector. The Asian market followed suit bolstered by China’s own favorable manufacturing report.
The material has been provided by InstaForex Company – www.instaforex.com
European shares fluctuated in the open of the session today following a successful trade in the previous day of trade as investors look forward toward Thursday’s US job report release and euro zone’s producer price data.
Market strategist at brokerage IG Markets, Chris Beauchamp thinks that what the market needs to sustain the incline is for the European Central Bank to make some dovish commentary and the US non-farm payrolls report to be a positive one.
Beauchamp’s observation will be tested on Thursday as the ECB Governing Council are set to meet and the US job report is released a day ahead of the US holiday. Preliminary surveys and predictions peg the jobs quantity to around 215,000 for June. Wednesday is expected to be a cautious trading session as the investors anticipate the results of Thursday’s events.
UK’s FTSE 100 is up a bit with a 0.16% increase or 10.86 pips to 6813.78. Germany’s DAX and France’s CAC 40 Index are opposite with a 0.12% gain for the German index or 12.27 pips to 9,914.68 and a 0.23% decline for the French index or 10.17 pips to 4,459.95. IBEX 35 is also down 0.22% or 23.80 pips to 10,984.00.
On the other side, Wall Street witnessed record highs for US stocks as S&P 500 and the Dow hit all-time intraday highs on good manufacturing data that indicated an expansion in the mentioned sector. The Asian market followed suit bolstered by China’s own favorable manufacturing report.
The material has been provided by InstaForex Company – www.instaforex.com
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