Thursday's trading session on European markets brings mixed sentiment among major stock indexes. Although Powell's dovish comments yesterday bolstered market sentiment, today the maintenance of yesterday's gains is not so decisive. Germany's manufacturing PMI came in at 46.2 versus the expected 46.7 and an earlier reading of 45.1.
A number of important macro publications are scheduled for today:
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Create account Try a demo Download mobile app Download mobile app1:30 pm GMT - US data pack for October.
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Personal income. Expected: 0.4% MoM. Previous: 0.4% MoM
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Personal spending. Expected: 0.6% MoM. Previous: 0.6% MoM
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PCE core. Expected: 5.0% YoY. Previous: 5.1% YoY
1:30 pm GMT - US, weekly jobless claims. Expected: 234k. Previous: 240k
2:45 pm GMT - US, manufacturing PMI for November. Expected: 47.6. Previous: 50.4
3:00 pm GMT - US, ISM manufacturing index for November. Expected: 49.8. Previous: 50.2
3:00 pm GMT - US, construction spending for October. Expected: -0.2% MoM. Previous: 0.2% MoM
3:30 pm GMT - EIA natural gas storage. Expected: -82 bcf. Previous: -80 bcf
The swaps market is currently pricing in a near 18% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. Benchmark German blue chips are trading lower during today's session. Source: xStation 5
Thursday's German market session brings mixed valuations for most economic sectors. Source: Bloomberg
News:
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Shop Apotheke (SAE.DE) shares rose more than 12% after Federal Health Minister Karl Lauterbach said at the Digital Health conference that the introduction of e-prescribing in Germany should come in the middle of next year.
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Powell's dovish comments yesterday bolstered the stocks of technology companies. Shares of Infineon (IFX.DE) are up 3% today.
Changes in institutional holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
The largest percentage changes in the companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
