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Euro Stoxx 50 Index

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European markets fluctuated on ThursdayEuropean markets fluctuated on Thursday as bullish sentiment took a break while holding recent gains. The equity rally spurred by dovish bets following cooler-than-expected inflation reports has now widely spread. Following sharp price rises on most benchmarks and a weaker US dollar, many traders have taken out profit, leading to some consolidation or slight pull-backs on those markets. In addition, investors and analysts have also started wondering what the Fed’s reaction would be to the recent CPI data at its December meeting, as inflation falling faster than expected may push its members to reconsider the “higher-for-longer” narrative. That said, most stock benchmarks remain well-oriented as pull-backs remain limited. The STOXX-50 index climbed higher since the opening bell, as solid gains from utilities, industrial and real estate shares offset losses in the energy and consumer cyclicals sector. The market still trades above the 4,300.0pts zone, on its way to challenging the 4,330.0pts resistance for the second time. Pierre Veyret – Technical analyst, ActivTrades
ACTIVTRADES:EURO50Long
by ActivTrades
Stocks rallied in Europe on WednesdayStocks rallied in Europe on Wednesday, with a fresh boost to risk appetite as dovish bets resurge. Market sentiment towards risky assets strengthened significantly after investors witnessed softer-than-expected inflation readings in the US yesterday and in the UK this morning. These reports relieved stock investors, who now have more clarity on the likely path of monetary tightening from the Fed and the BoE. With the prospect of a peak in the rate hike cycle and even growing bets of rate cuts in the first half of 2024, stock traders have been given the green light to increase their exposure to equity markets. Cooling inflation is the signal many have been waiting for, and while we must wait for the December meetings to confirm the future of monetary policies, the news should provide strong support for stock prices. However, EU investors aren’t out of the wood yet as the EU CPI report still looms on Friday. This bullish shift can be seen technically, as the STOXX-50 index cleared two major daily resistance levels in a few hours and is now trading well above the 4,300.0pts level. The next big resistance is around 4,385.0pts, while intermediary zones are located close to 4,330.0pts and 4,350.0pts. Pierre Veyret – Technical analyst, ActivTrades
ACTIVTRADES:EURO50Long
by ActivTrades
Stock benchmarks registered modest gains on TuesdayStock benchmarks registered modest gains on Tuesday, extending the sentiment seen in Asia overnight, with investors bracing for today’s crucial US inflation data. As previously said in our last report, market sentiment towards risky assets has lost a bit of its direction over the past few days after Federal Reserve officials expressed mixed hints about the future of monetary policies. With traders and investors worldwide not knowing what to believe, they will likely turn their focus back to data, making today’s inflation print crucial. Simply put, if the cooling of rising price pressure is confirmed with today’s data, the prospect of a less aggressive stance from the Fed could become a reality, likely boosting appetite for stocks. On the other hand, CPI data showing inflation remains stubbornly high would negatively impact price action towards equities, opening the way for a deep correction on most benchmarks following the rally that started at the end of October. The first scenario is currently being priced in as the STOXX-50 index challenges a major daily resistance at 4,240.0pts, driven higher by basic materials, healthcare and consumer cyclicals. Pierre Veyret – Technical analyst
ACTIVTRADES:EURO50Long
by ActivTrades
Morgan Stanley Analysts Raise Forecasts for S&P 500According to them: → the price of the S&P 500 index will reach 4,500 at the end of the year (previous forecast = 4,200); → the dollar will continue to remain strong. According to Goldman Sachs analysts, published yesterday, the price of the S&P 500 index will fluctuate around current levels, forming a consolidation zone. That is, a decline in the S&P 500 is not a priority scenario. An important test that will provide more important information about current market sentiment will occur today: US inflation data will be published at 16:30 GMT+3. According to forecasts, it will slow down from 3.7% to 3.3%. In anticipation of news, E-mini S&P 500 index futures are showing reduced volatility. If inflation data gives rise to bullish momentum, it is possible that the price of the S&P 500 will move up, pushing off from the median line of the ascending channel (shown in blue). Then, justifying the forecasts of MS analysts, the price may reach the upper limit of the channel this month. Also worth paying attention to: → increasing local minima A, B, C show signs of demand strength; → RSI indicates non-divergence, increasing the likelihood of a movement to the lower border of the channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:ESX50
by FXOpen
Equities climbed slightlyEquities climbed slightly at the start of a new week in Europe despite a bullish trend losing direction ahead of this week’s CPI data. Investors and analysts are bracing for crucial inflation prints from the US, EU and the UK this week, with the desperate need to clarify where monetary policies will likely go in these regions, especially after the mixed signals sent by Fed officials over the past ten days. Lower-than-expected inflation rates would highlight the fact monetary tightening from the Fed, the ECB and the BoE has worked efficiently and that a dovish switch could be around the corner, supporting investors’ appetite for risk and driving stock markets to new highs. Higher than anticipated inflation numbers would have the opposite effect, suggesting rates are not yet at a level restrictive enough and that more hikes may be coming, dramatically affecting the price action towards equities. A number inside the previous vs anticipated data window could preserve the status quo and the current slow bullish stance on most markets, making investors wait for the next central bank meetings before driving stocks higher in a much sharper fashion. The STOXX-50 trades around the 4,225.0pts mark, currently higher in all sectors, with healthcare and financial shares as the top movers. Despite a bullish trend slowdown registered by the bearish divergence with the RSI indicator, the market remains well-oriented, still trading its mid-term bullish channel. Pierre Veyret – Technical analyst, ActivTrades
ACTIVTRADES:EURO50Long
by ActivTrades
European benchmarks opened lower following the bearish trend European benchmarks opened lower following the bearish trend sparked at the end of the US trading session yesterday but quickly bounced back as bull traders defended support levels. Fed Chairman Jerome Powell’s warning that borrowing rates may not be at “restrictive enough” levels surprised investors yesterday, stalling the rally in equities and treasuries while sending the US dollar higher. This sudden hawkish tone contrasts with the dovish hints provided during the last FOMC meeting, leaving investors with a blurry feeling about the outlook on monetary policies. However, since the European opening bell, bull traders seem powerful enough to prevent the market from dipping much deeper, successfully defending the 4,195.0pts/4,200.0pts zone on the STOXX-50. Investors are likely to now wait for clear direction and action from central banks rather than relying on rumours and semantics. That said, equity markets may consolidate in a lower volatility environment as investors will wait for next week’s data (US/EU/UK CPI) before bringing significant adjustments to their risk exposure. Pierre Veyret – Technical analyst, ActivTrades
ACTIVTRADES:EURO50Short
by ActivTrades
Eurostoxx 50 at Important Support.Eurostoxx 50 at Important Support. Production in Europe is Declining As data released this morning showed: → Purchasing Managers' Index (PMI) in France: actual = 42.6, expected = 44.4, a month ago = 43.6. Thus, the index dropped to its lowest level since the panic associated with the spread of coronavirus. → PMI in Germany: actual = 40.7, expected = 40.1, a month ago = 39.8. Since the values of the PMI index (considered a leading indicator of the state of the economy, calculated by S&P Global) are significantly below 50, this indicates a contraction of the economy in the 2 most important countries of Europe in the context of high interest rates. It is not surprising that the European stock index Eurostoxx 50 shows bearish dynamics: the price is below the SMA (100), which is directed downwards. The publication of PMI values added negativity. Will the bearish trend continue? The Eurostoxx 50 chart gives hope, because the Eurostoxx 50 has dropped to key support, which is located at the psychological level of 4,000. In the past, this level has had a noticeable impact on market dynamics: the price either bounced or made a breakout with a subsequent test. This psychological level property can be used to find an entry point into a position while reducing risk. It is possible that the level of 4,000 may become a factor for the emergence of a bullish impulse, which will lead to a noticeable rebound; the proximity to the lower line of the ascending channel (shown in blue) can also add courage to the bulls. But for the rebound to develop into a sustainable upward trend, it can be assumed that positive evidence about the state of the European economy will be required. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:ESX50
by FXOpen
European Stocks falls📉 - Whats next?Hi Traders, the EU50 lost over 3,5% within the last 2 days. Is this only the first drop before big selloff 📉📉? Or a normal consildation? Which zones are important? If we look at the Chart the longterm Uptrend is still valid. So for now it looks like its a normal consolidation. Important Zones are: Support: Zone between 4350 and 4300 Resistance: 4500 Also the EMA200 is still moving upwards and the market is right at this zone building a possible reversal (bullish Engulfing). So there is a possible long trade option. Wish you maximum success! Michael - tegasFX
CAPITALCOM:EU50
by tegasFX
STOXX50 ready for its next upside to 5,041Since our last trade analysis, STOXX50 reached our target at 4,370 from the W Formation pattern that broke up and out of. Today, we have our confirmation of another bullish pattern for upside, the Box Formation. The price has broken up and above the pattern and we have upward momentum indicators confirming upside to come including: 7>21>200 - Bullish RSI>50 Target 1 will be to 5,041 ABOUT THE INDEX STOXX 50: The STOXX 50 is a stock index that represents 50 of the largest and most liquid stocks across 18 European countries. It is one of the most widely followed European equity indices. Blue-chip companies: The index comprises blue-chip companies from various industries, including banking, technology, healthcare, energy, and consumer goods. Diverse countries: The STOXX 50 includes companies from major European economies, such as Germany, France, Switzerland, the Netherlands, Spain, and others. Historical performance: The index was launched in February 1998 with a base value of 1,000 points.
VELOCITY:STOXX50Long
by Timonrosso