A sense of calm in global stock markets Monday.. but for how long?

by | 12 Feb, 2018

Nordstrom Kohl's Target Macys

Calmer seas in markets today

It appears the choppy waters in global stock markets have calmed for now.

After a bout of unnerving volatility in indices last week, the forecast (at least for today) looks brighter. European shares moved higher at the open rebounding from 6-month lows, with the DAX leading the charge, up 2 per cent. U.S. stock futures also rose today signalling a brighter start for American markets later. Dow futures were up 163 points, while S&P500 futures advanced 15.65 points and Nasdaq futures rose 25.50. Asian markets were generally healthier too with a move up for the NIFTY50, KOSPI, FTSE HK and SSE Shanghai Composite. The TOPIX fell 1.91 per cent alongside drops for the ASX200 however. Aussie financial stocks fell after an official government inquiry into Australia’s major banks began today.

In individual equities, the biggest gainers in European markets included Akzo Nobel (due to rumors concerning the buyout of its special chemicals unit), VictrexEvrazVolkswagen and LVMH. Heineken stock was a letdown today – the world’s second largest brewer said it expected its operating margins to expand by less than before citing a volatile market environment. The stock fell over 3.30 per cent so far.

While Britain’s FTSE100 was included in the list of rising indices (up 1.32 per cent), there was more bad news for the economy as a whole. New data showed UK retail spending fell in January for the first time in 5 years, due to the continuing squeeze of higher inflation on consumers wallets, as well as broader economic uncertainty for the country as a whole. Despite this, the Pound is still just about clinging onto gains against the Euro and Dollar this morning, up 0.02 per cent higher against the single currency and 0.20 per cent up against the greenback.

Related: U.S. stock futures move higher despite government shutdown risk

Nordstrom Kohl's Target Macys

Germany’s DAX, Britain’s FTSE100, Korea’s KOSPI, India’s NIFTY50 and the EU Stoxx50 move towards a recovery after a battering for global markets last week

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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