News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Heads Up:🇺🇸 House Price Index MoM (AUG) due at 13:00 GMT (15min) Previous: 1% https://www.dailyfx.com/economic-calendar#2020-10-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.88%, while traders in NZD/USD are at opposite extremes with 70.65%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/N3lFhLUE67
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/ZJOEtpGUIq https://t.co/mqU8ND0BqU
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.41% 🇨🇦CAD: 0.36% 🇯🇵JPY: 0.20% 🇦🇺AUD: 0.16% 🇪🇺EUR: 0.16% 🇨🇭CHF: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/sCW4DtQP6y
  • Heads Up:🇺🇸 Durable Goods Orders Ex Transp MoM (SEP) due at 12:30 GMT (15min) Expected: 0.4% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2020-10-27
  • Heads Up:🇺🇸 Durable Goods Orders MoM (SEP) due at 12:30 GMT (15min) Expected: 0.5% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2020-10-27
  • White House spokeswoman says administration is confident that it can reach COVID aid package in coming weeks - Fox News
  • 🇲🇽 Balance of Trade (SEP) Actual: $4.385B Expected: $3.795B Previous: $6.116B https://www.dailyfx.com/economic-calendar#2020-10-27
  • Heads Up:🇲🇽 Balance of Trade (SEP) due at 12:00 GMT (15min) Expected: $3.795B Previous: $6.116B https://www.dailyfx.com/economic-calendar#2020-10-27
  • EU Commission says both the EU and UK are engaging intensively to reach a deal $GBP
DailyFX European Market Wrap: Equities Upbeat After Holiday Weekend

DailyFX European Market Wrap: Equities Upbeat After Holiday Weekend

2017-05-02 16:30:00
Katie Pilbeam,
Share:

European markets return to their desks after the holiday weekend with an upbeat attitude due to some positive earnings and data reports. The FTSE lost 1.6% in April largely because Sterling surged more than 3% against the dollar over the month but has kicked off May in style.

BP’s positive earnings report is helping to drag the bourse higher despite miners dropping after a private gauge of China’s factory activity showed a seven-month low in April. BP has posed a profit of $1.1 billion compared with a $485m loss a year earlier which is a record a healthy profit for the three months to March.

This is due to the resurgence in oil prices over the past year – having risen over 30% in the three months of 2017 compared with a year earlier, boosting BP’s balance sheet. The oil giant’s shares added 1.5% to 449p on the back of the release and now eye the 12 April Doji high of 476p.

Britain’s manufacturing growth hit a three-year high, smashing forecast of a drop to 54.0. The PMI surged to 57.3, up from 54.2 in March with output, new orders and new exports all growing at a faster pace than last month. Weaker sterling has been aiding this growth.

And Euro-Area Manufacturing has expanded at the fastest pace in six years. The manufacturing PMI rose to 56.7 from 56.2 last month. Eurozone unemployment remains at 9.5%, a touch higher than the 9.4% predicted.

Staying in Europe, Greece has come to a deal on Greek pension and income tax reforms reached this morning according to the European Stability Mechanism, the euro zone's bailout fund, will support the recovery in Greece, and will be the basis for concluding the 2nd review of the ESM stability support program. The Greek authorities have confirmed their intention to swiftly implement this policy package, although the Greek New Democracy opposition party said they would not agree the program.

--- Written by Katie Pilbeam, DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES