European markets set for modest open as STOXX holds record levels
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STOXX 600 poised to maintain record highs despite weekly decline
European futures indicate a muted open, with Euro Stoxx 50 (fesx1!) up 0.2%, while FTSE(z1!) is down 0.1% and dax (dax1!) edging 0.1% higher the stoxx 600 remains up 8.6% year-to-date, showing resilience despite concerns over U.S. tariffs and upcoming german elections.
UK retail sales jump, euro zone PMIS in focus
Traders are digesting strong UK retail sales data for january, while awaiting the release of euro zone PMI figures these data points will provide further clarity on the region’s economic recovery momentum.
Investors favor german midcaps ahead of elections
Market participants are positioning in german midcap stocks over blue chips, betting on recovery themes ahead of sunday’s german elections.
Earnings season continues despite trade concerns
Corporate results remain largely positive, but U.S. tariff risks are overshadowing strong q4 earnings standard chartered (stan) announced a $1.5 billion share buyback after reporting an 18% rise in annual profit, while Air Liquide (AI) slightly beat market expectations on 2024 sales.
Trading outlook
European indices remain in bullish territory, with the STOXX 600 maintaining support at 485-490, while resistance sits at 500 short-term momentum will depend on economic data releases and geopolitical developments, particularly around german elections and potential new U.S. tariffs.
European futures indicate a muted open, with Euro Stoxx 50 (fesx1!) up 0.2%, while FTSE(z1!) is down 0.1% and dax (dax1!) edging 0.1% higher the stoxx 600 remains up 8.6% year-to-date, showing resilience despite concerns over U.S. tariffs and upcoming german elections.
UK retail sales jump, euro zone PMIS in focus
Traders are digesting strong UK retail sales data for january, while awaiting the release of euro zone PMI figures these data points will provide further clarity on the region’s economic recovery momentum.
Investors favor german midcaps ahead of elections
Market participants are positioning in german midcap stocks over blue chips, betting on recovery themes ahead of sunday’s german elections.
Earnings season continues despite trade concerns
Corporate results remain largely positive, but U.S. tariff risks are overshadowing strong q4 earnings standard chartered (stan) announced a $1.5 billion share buyback after reporting an 18% rise in annual profit, while Air Liquide (AI) slightly beat market expectations on 2024 sales.
Trading outlook
European indices remain in bullish territory, with the STOXX 600 maintaining support at 485-490, while resistance sits at 500 short-term momentum will depend on economic data releases and geopolitical developments, particularly around german elections and potential new U.S. tariffs.