image

ECB Press Conference and U.S Stats to Provide Direction

The Majors

It was another mixed day for the European majors on Wednesday.

The CAC40 and the EuroStoxx600 rose by 0.19% and by 0.11% respectively, while the DAX30 fell by 0.38%.

Economic data from Germany disappointed once more, with Germany’s trade data falling short of forecasts.

News from the U.S of plans to ease travel restrictions supported airline stocks, however, while autos struggled.

Hopes of a continued hold on policy by the ECB delivered further support, though uncertainty over inflation limited the upside.

The Stats

It was a quieter day on the economic data front. German trade data for April was in focus going into the European open.

In April, Germany’s trade surplus widened from €14.3bn to €15.9bn. Economists had forecast a widening to €16.3bn.

According to Destatis,

  • Exports increased 0.3%, month-on-month, following a 1.2% rise in March.
  • Year-on-year, exports were up 47.7%.
  • Import slipped by 1.7%, month-on-month, partially reversing a 6.5% increase in March.
  • Year-on-year, imports were up by 33.2%.

The details:

  • Compared with April 2020, goods exports to EU countries rose by 58.6%, with imports up by 44.8%.
  • Goods exports to the Eurozone increased by 59.8%, with imports rising by 40.5%.
  • To EU countries outside of the Eurozone, goods exports increased by 55.9%, with imports up 55.1%.
  • To non-EU countries, exports rose by 36.5%, with imports up by 22.3%.
  • Exports to the UK surged by 64.1%, while imports from the UK slipped by 0.6%.
  • To China, exports rose by 16.0%, year-on-year, while exports to the U.S increased by 59.9%.

From the U.S

There were no major stats to provide the European majors with direction later in the session.

The Market Movers

For the DAX: It was a bearish day for the auto sector on Wednesday. Daimler and Continental fell by 1.42% and by 1.25% respectively, with BMW and Volkswagen ending the day down by 1.00% and by 0.96% respectively.

It was also a bearish day for the banks. Deutsche Bank and Commerzbank ended the day with losses of 2.12% and 1.49% respectively.

From the CAC, it was a bearish day for the banks. BNP Paribas and Soc Gen fell by 0.79% and by 0.51% respectively, with Credit Agricole declining by 1.29%.

It was a mixed day for the French auto sector, however. Stellantis NV fell by 1.59%, while Renault rose by 0.41%.

Air France-KLM rallied by 3.27%, with Airbus SE eking out a 0.09% gain.

On the VIX Index

It was a 2nd consecutive day in the green for the VIX on Wednesday.

Following a 3.96% gain from Tuesday, the VIX rose by 4.80% to end the day at 17.89.

The Dow fell by 0.44%, with the NASDAQ and the S&P500 ending the day down by 0.09% and by 0.18% respectively.


Source link

0 0 voter
Article Rating

S’abonner
Notifier de
0 Commentaires
Commentaires en ligne
Afficher tous les commentaires
Reset Password

Avertissement sur les risques :

Le trading peut vous exposer à des risques de pertes supérieures aux dépôts et ne convient qu’à une clientèle avisée ayant les moyens financiers de supporter un tel risque. Les CFD sont des instruments complexes et présentent un risque élevé de perte rapide en capital en raison de l’effet de levier. Entre 74 et 89% des comptes de clients de détail perdent de l’argent lors de la négociation de CFD. Vous devez vous assurer que vous comprenez comment les CFD fonctionnent et que vous pouvez vous permettre de prendre le risque élevé de perdre votre argent. Ce site n’est en aucun cas une offre de conseil en investissement ni une incitation quelconque à acheter ou vendre des instruments financiers. Trader le Forex et/ou les CFD’s implique un niveau de risque élevé, et peut ne pas être approprié car vous pouvez subir des pertes supérieures à votre dépôt. L’effet de levier peut être en votre défaveur.

Vous devez être conscient et avoir une compréhension complète de tous les risques associés au marché et au trading. Le site Union-trader.com peut être amené à produire des commentaires d’ordre général, ce qui ne constitue pas des conseils en investissement et ne doit pas être interprété comme tel.

Veuillez recourir aux conseils d’un conseiller financier extérieur. Le site Union-trader.com décline toute responsabilité pour les erreurs, inexactitudes ou omissions et ne garantit pas l’exactitude ou le caractère complet des informations, textes, graphiques, liens ou autres éléments contenus dans cette documentation. Toute information et toute mise à disposition sur le site ont un caractère privé.