Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



01.04.2015 10:50

European stock markets mid-session: rally on solid PMI data pointing to recovery

European stocks rallied today after a steady start. The DAX started in negative territory but recovered. The solid start in the new quarter was mainly driven by better-than-expected PMI data in the Eurozone pointing to an economic recovery in the E.U. The ECB's quantitative easing seems to start having positive effects. Markets remain cautious about the Greek debt deal. The IMF and the ECB warned that the reform plans submitted are not detailed enough and Athens will have to take further steps to ensure further bailout releases.

Final data on Eurozone's, French and German Manufacturing for March was reported today.

The French Manufacturing PMI rose above estimates of 48.2 with reading to 48.8 compared to a previous reading of 47.6 - still remaining in negative territory as a reading below 50 indicates contraction.

German Manufacturing PMI came in above estimates of 52.4 at 52.8 from 51.1 in February.

Data for the Eurozone Manufacturing PMI came in with a reading above estimates at 52.2, beating estimates of 51.9 and February's 51 - the highest reading in 10 months.

The data shows that the ECB's quantitative easing starts to fuel Europe's economy and that the recovery is gaining pace. Lower energy prices and a weaker euro also have positive effects.

The FTSE 100 index is currently trading +0.95% quoted at 6,837.11. Germany's DAX 30 added +1.04% trading at 12,090.67. France's CAC 40 is currently trading at 5,101.43 points, +1.35%.

Market Focus

  • US nonfarm payrolls rise more than expected in July
  • Canada’s merchandise trade deficit widens in June
  • Canada unemployment rate falls to lowest level since October 2008
  • Canada Ivey PMI falls less than expected in July
August 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
21
22
23
24
25
26
27
28
29
30
31

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page