You are here: Home > articles > Shares > Comment: European Markets Lose Early Morning Steam; German ZEW In Focus
Comment: European Markets Lose Early Morning Steam; German ZEW In Focus
April 15, 2014 5:33 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
Equities in Europe erase opening gains to trade firmly in the red, shaking off the rebound on Wall Street and Asian markets overnight. Better earnings out Citigroup and healthy US retail sales data helped to distract investors from persistent worries over bloated tech valuations over in the states. Here in Europe, markets are showing apprehension instead amid upcoming economic and corporate data together with to persistent worries about the Ukraine crisis.
German ZEW survey will be in sharp focus following the recent run in damp German data while later in the US, the empire state manufacturing release will steal the spotlight. We also have earnings from Johnson & Johnson, Coca-Cola, Intel and Yahoo. On Wall Street Monday, the S&P500 rose 0.8% while in Asia, Japan’s Nikkei 225 index added around 0.8% too, ending a seven-day slump.
Other Asian markets were softer however such as Chinese stocks on the back of worries that the PBoC is draining cash out of money markets again, prompting worries about less liquidity. Australian stocks were doing better thanks to the RBA retaining an upbeat view of the economy following the central bank’s meeting minutes. Meanwhile, mining giant Rio Tinto shares rose after it missed expectations with Q1 numbers but managed to retain 2014 production target. Rio Tinto blamed the poor weather hitting its shipping ports and heavy rainfall disrupting its mining operations.
Over in the US, markets staged a late-rally on Wall Street following a robust set of retail sales data which showed a jump of 1.1% in March up from a revised 0.7% increase in February, better than market expectations of 0.9% gain – the advance was driven by the US moving past the poor weather during January and February; auto sales rose sharply while building materials and garden equipment saw a healthy pickup in activity. Citigroup shares rose after an unexpected rise in profits in Q1 thanks to an improving US economy which helped the bank add $673m onto its bottom line that it had set aside for credit losses.
Related Posts: