FTSE 100 still choking on banking stocks
Last week the UK government announced it plans to sell all its remaining holdings of Nat West (RBS group) and that has seen the share price rebound...
Dow Jones futures slip after Moodys lowers Chinese outlook to negative from stable
Some days back I ran a series of updates looking behind the scenes at what is really unfolding in the Chinese economy and it is not positive at all...
DAX in the driving seat again this morning?
Yesterday the major European stock markets all set lower daily closes, but with one notable exception.That was the DAX, which only narrowly avoided...
All the European PMI data revisions have now been released this morning and the general take-away is that all of them have been revised higher. The revisions are perhaps good news, but not necessarily of a lasting impact. Nevertheless, the last one of those, released just now from Germany has helped to cement something of a rebound that was already underway across the major European stock markets. The German services PMI has been revised to 50.3 from 49.8, which means it has crept back into expansionary territory. The EUR/USD was already rising ahead of this data after stalling ahead 1.0450 on the downside and so not breaking any fresh ground seen from yesterday. The EUR/USD is still not making a move beyond 1.05 though (but it might) and so far any rebound is inconclusive. The EUR/USD is just now trading at 1.0483