Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In pre-opening, European markets were trading in different directions. The Earnings Season is nearing its end, but today investors will still have to react to the results released by Vodafone and EasyJet. On the other hand, macroeconomic information will also be in the spotlight, as well as the oil price behavior that has been closely monitored in recent days. Today will be known the advanced estimate for the GDP of the first quarter of the Euro Zone. The recently released indicators have shown a favorable momentum in the first months of the year in all the countries that share the Euro. The meeting between the French President Emmanuel Macron and the German Chancellor Angela Merkel resulted in a joint demonstration of the two concerning a possible revitalization of Franco-German relations, which have been the driving force of the various member states of the European Union. Angela Merkel expressed her openness to achieving measures that guarantee the future of the European Union.
The US market ended up higher, with the S & P500 and Nasdaq indexes reaching new all-time highs. Higher capitalization companies and the energy sector led the gains. Oil prices peaked at more than three weeks after Saudi Arabia and Russia came out in favor of a prolongation of OPEC’s deal to cut global output later this year. This position will be defended by the two countries before OPEC producers meet in Vienna later this month (25). It was in this context that Saudi Oil Minister Khalid Al-Falih stated that “the agreement needs to be As we will not reach the desired level for reservations until the end of June. ” Companies in the IT security sector were favored by the expectation of increased demand for their products and services following the computer attacks unleashed last Friday. In the technology sector, Facebook and Alphabet contributed positively to the performance of the Nasdaq index. In terms of economic indicators, the sentiment index for manufacturers reached 70 in May, after 68 in April and 58 in May 2016.
The rise in the price of oil, due to the prospects of an extension of the production cut, boosted most of the Asian stock markets, which ended up in positive territory. Meanwhile, fears of a geopolitical origin have returned after the Washington Post reported that President Donald Trump had revealed “top secret” information to Russian Foreign Minister Sergei Lavrov and the Russian ambassador at a White House meeting last week.