The Majors

It was a mixed day for the European majors, with the DAX30 seeing its 6-day winning streak come to an end.

The DAX30 slipped by 0.05%, while the CAC40 and the EuroStoxx600 ended the day up by 0.10% and by 0.04% respectively. For the EuroStoxx600, it was yet another new record close, coming off the back of 8 consecutive days in the green.

There were no stats from the Eurozone to provide the majors with direction.

Trade data from China over the weekend did set the tone, however.

In October, China’s USD trade surplus widened from US$66.76bn to US$84.54bn. Economists had forecast a narrowing to US$65.55bn.

  • Year-on-year, exports were up 27.7% versus a forecasted 24.5%. In September, exports had risen by 28.1%.
  • Imports increased by 20.6%, versus a forecasted 25.0%. Imports had risen by 17.6% in September.

The better-than-expected numbers from China and the wrapping up of a U.S infrastructure bill added support.

The…

Read more…

Share.

Comments are closed.