This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
European stocks dive
On Monday, European stock markets sank after the open, as the greenback remained on the back foot and crude prices kept moving south, applying pressure on sentiment.
Market participants also mulled headlines out of the G20 finance ministers gathering in Germany at the weekend in order to assess the overall potential impact that trade barriers could have on the global surge.
The EURO STOXX 50 declined 0.1%, France’s CAC 40 lost 0.3%, Germany’s DAX 30 went down 0.3%. Additionally, the FTSE100 edged down 0.2% in London.
Earlier, in Asia, financial markets concluded mixed, with the Shanghai Composite in China ending up about +0.4%, while Japan's Nikkei remained unavailable for a public holiday.
The greenback extended its losses to a fourth trading session, staying on track for its longest losing streak since early November in wake of the Fed’s dovish guidance on the path of rate lifts in 2017.
As for early movers, Deutsche Bank stocks slid approximately 2% in Frankfurt after the German lender reported that it was issuing 687.5 million new stocks in order to raise $8.6 billion.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!