Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In the pre-opening, the European markets negotiated in different directions. In addition to the continuation of the Earnings Season and the Fed meeting, the political arena will be in the spotlight: if on one hand the theme of Brexit was once again the order of the day, on the other hand the approach of the second round of the French presidential elections (There is a televised debate between the two candidates Emmanuel Macron and Marine Le Pen) is also to be monitored. Regarding Brexit, some news reports say that Europe “seems to be divided” with France and Germany tightening their positions on the UK. According to a Financial Times analysis, the gross amount to be paid in advance by the United Kingdom may amount to € 100,000 M., an amount almost twice as high as the € 60,000 M. initially suggested by the President of the European Commission, Jean-Claude Juncker. The results published yesterday in the US by Apple could condition the actions of several European technology companies that are suppliers of the Cupertino company.
The US market ended with contained variations as investors waited for Apple’s results that were only known after the close of the session. The Nasdaq Composite has returned to a new record high, boosted by Apple shares which have also peaked. In addition, Apple’s performance contributed favorably to the Nasdaq 100 which also hit a new high. However, yesterday’s car sales for the month of April in the United States were known. Total sales amounted to 16.88 million, below the expected annual rate of 17.2 million. Ford Motor and General Motors reported sales in April falling short of forecasts, which ultimately penalized the sector. Meanwhile, in addition to the results, investors’ attention is also focused this week on the Fed meeting and employment report. The Fed meeting will be the main event of the day. The Central Bank is expected to maintain its optimistic view of the economy, while maintaining the possibility of an increase in key rates at the June meeting. Meanwhile, until the June meeting, the employment reports for April and May, important for the conduct of the monetary policy of the Federal Reserve, will be published. The one relative to the month of April is published already next Friday.
Asian markets ended in different directions as investors reacted to Apple’s results and waited for the Fed meeting.