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    Asian equities could take a boost after strong gains seen on US equities

    Asian equities may trade on the back foot as traders took profits during Wall Street session

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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European stocks drifted significantly lower alongside Asian markets and US Futures

Pierre Veyret by Pierre Veyret
October 15, 2020
in Economy, Markets, Opinion
Reading Time: 2 mins read
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European stocks drifted significantly lower alongside Asian markets and US Futures
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European stocks drifted significantly lower at the opening bell on Thursday alongside Asian markets and US Futures, with benchmarks now heading for a third bearish trading session in a row. This sudden change in investors’ trading stance took place after the first slew of earning reports fell short of global expectations. This is especially true with Roche and Total in Europe while US investors have been disappointed by results from Bank of America and Wells Fargo.

In addition, the fact the widely anticipated next US stimulus deal is unlikely to be reached prior to the presidential election is unwelcome news for stock investors around the world. However, the trading mood may change through the day as investors wait for major US data today, with the US jobless claims in sight, as well as results from Morgan Stanley and Charles Schwab.

Most EU benchmarks, such as the DAX-30 Index, are now trading close to major support levels and a sharp reaction from bull traders will be needed today to prevent markets from deepening their bearish corrections.

Tags: Bank of AmericaCharles SchwabDAX-30Morgan StanleyNikkeï-225RocheS&P500Stoxx-50TotalUS Jobless claimWells Fargo & Co
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Pierre Veyret

Pierre Veyret

While a student, Pierre Veyret had a passion for the financial markets. At the time, he studied International Trade through the setting up of import / export operations and it was the techniques of hedging against exchange rate risks that helped him to make the link with the financial markets, and all especially that of Forex. It is therefore with the aim of anticipating the price of currencies several months in advance that Pierre quickly turned to different methods of analysis by drawing inspiration and surrounding himself with experts in the field. Shortly after, Pierre decided to specialize in Technical Analysis, a discipline he had the opportunity to practice with real market professionals, thanks to AFATE / IFTA, an association of which he has been an active member for several years. Pierre Veyret is passionate about the field of the financial industry with a particular interest in the various techniques of stock market forecasting. Currently, Pierre is based in the City of London where he works as Chief Analyst. He performs regular interventions on a multitude of asset classes through various media (television, internet and print media).

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