Disney's "Mulan" was released yesterday. And there is a lot of publicity about it...
Banks drive European bourses after Fed hints at December rate lift
On Thursday, the banking sector powered a sturdy start for European equities after the Fed hinted at a probable December rate lift and announced it would get down to adjusting its balance sheet in October.
The STOXX 600 soared 0.3%, while euro zone stocks as well as blue-chips followed suit because the major US financial institution’s optimism on economic activity rekindled enthusiasm for financials and also cyclical sectors in the EU.
Banks (SX7P), the number one gainers from interest rate lifts that cushion margins, tacked on 1.2% reaching a one-month maximum on the prospect of the ECB following America in taming ultra-loose monetary policy.
Financial experts have been lifting their earnings expectations for EU financial institutions for much of the past 12 months.
Commerzbank became the top gainer, inching up 3.85%.
As for fallers, troubled British outsourcer Capita declined 9%after first-half profit went down and the hunt for a new CEO kept unrolling.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.
Nvidia and Alibaba report their Q2 results this week. Grab the levels and prepare to step in!
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!