country flagالعربية

European markets open in negative territory as recession fears return

2019-08-22 07:44 am | Resource: News | No Views : 26

 European markets open in negative territory as recession fears return

European markets opened in negative territory on Thursday amid fears of a recession caused by the reversal of the short yield curve in US bond markets, which occurred for the second time in a week. The reversal was preceded by the release of the minutes of the Fed meeting in July, when officials cut interest rates for the first time in a decade. Later in the day, the European Central Bank was to release its monetary policy meeting account.

In Italy, President Sergio Matarella will meet with leaders of the country's main parties in the hope of forming a new coalition government after the collapse of the previous government.

German manufacturing fell in August

On the data front, IHS Markit said on Thursday that German private sector purchasing managers reported an expansion in their activity this month as the non-manufacturing sector narrowed to a seven-month low, adding that he learned from producers that their production had fallen but less than a month. July. The composite index advanced half a point to 51.4, compared to the 50-point neutral mark.

The Services component decreased by only 0.1 points to 54.4. The manufacturing headline came in at 0.4 points stronger at 43.6 and production rose 1.6 points to 45.8 still somewhat weak.

Senior economist Phil Smith said that the services data, "despite a slight improvement, did not change the output data of the study enough to eliminate the risk of another slight contraction in GDP in the third quarter, especially in view of the deterioration of forward-looking indicators ... cracks began Elsewhere in the show added with new labor flows barely rising in August, business confidence is at its lowest level in nearly five years' with a decline in manufacturing expectations to a record low and steady employee.

Swiss industrial output growth improved in the second quarter

On the data front, Swiss industrial production grew at a faster pace in the second quarter, the Federal Statistical Office said Thursday.
Industrial production rose 4.8% year on year in the second quarter, after a 4.5% rise in the previous quarter. This was the fastest annual increase in the year.
The data showed that industrial production rose 5.7% in June, 4.9% in May and 3.8% in April.

European stock openings
  • The DAX fell 0.43% in the first moments of trading, led by the Infineon.
  • In Paris the CAC 40 fell 0.38% as ArcelorMittal led losses.
  • The FTSE 100 lost 0.37%; Antofagasta was the worst performer.

Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.