EU stocks are set to conclude at eight-month peaks

EU stocks are set to conclude at eight-month peaks

On Friday, EU stock markets are braced for concluding the trading week at their highest levels for eight months, backed by the still-elusive likelihood of a trade agreement between America and China, and also by the confidence that a disruptive Brexit can still be dodged.

However, trading is thin enough and there’re several big moves, with many traders awaiting the American employment report.

After the first hour of trading in the EU, the benchmark Stoxx Europe 600 managed to tack on by 0.1% hitting 388.26. The FTSE 100 headed north by 0.2%, while Germany’s Dax stood still.

As for the Dax, on Thursday, it had overleapt 12,000 for the first time since October, backed by expectations that the two huge external risks to its export-sensitive economy would fade away soon. However, better-than-anticipated industrial output data for February failed to push it up.

The 0.8% leap in the monthly output was provoked by construction that provides some evidence for the argument that Germany’s domestic demand is firm enough to overcome the current rough patch for the export sector. By the way, the German economy has rarely been capable of soaring strongly in the past without a huge contribution from its manufacturers - their output went down by 0.2% in March.

German data really puzzles traders. Yesterday, factory orders showed that decreasing external demand could push the German industry into another downtime. Nevertheless, today’s industrial production numbers back the point of view that the German economy is actually in for a very solid first quarter.

Besides this, British shares were still in a holding pattern because UK Prime Minister Theresa May asked the European bloc for another short extension of the deadline for Great Britain to depart from the European Union to June 30.

Similar

CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera