Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Stocks advance ahead of earnings; bonds stable

Stock MarketsApr 15, 2019 07:12AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. The London Stock Exchange Group offices are seen in the City of London, Britain

By Tom Finn

LONDON (Reuters) - European stocks rose moderately after progress in the U.S.-China trade talks buoyed sentiment and investors grew somewhat optimistic about the next batch of corporate earnings.

The Stoxx Europe 600 recovered from earlier losses and rose higher, with gains in banks offsetting declines in miners.

Investors are focused on the U.S. earnings season to gauge the strength of corporate America in the face of major challenges to growth.

JPMorgan Chase & Co (NYSE:JPM). posted strong first-quarter results last week, and Bank of America Corp (NYSE:BAC). is due on Tuesday.

Equities in Asia approached a fresh six-month high, spurred on by markets in Japan and Korea, after the Bank of China released upbeat credit data.

U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap.

That, combined with strong Chinese export and euro zone industrial production data on Friday, has lifted global equities, bund yields and the euro.

"It seems like bullish sentiment has decent grip for now and everyone is focused on the year to date performance of the equity markets," said Naeem Aslam, chief market analyst at TF Global Markets (UK) Ltd in London.

MSCI’s gauge of stocks across the globe gained 0.2 percent. The index is up nearly 15 percent for the year.

Investors this week will be scrutinizing data - including Germany’s ZEW survey and Chinese gross domestic product due on Wednesday - for signs of whether a global economic slowdown is turning around.

The optimism over progress in U.S.-China trade negotiations pushed investors away from safe haven assets such as the Swiss franc and toward riskier currencies.

The yen dropped toward its 2019 low on Monday and the Swiss franc hit its weakest in nearly a month.

The dollar also weakened slightly, allowing the euro to cement gains above $1.13.

Further spurring risk appetite, Reuters exclusively reported on Monday that U.S. negotiators have tempered demands that China curbs industrial subsidies as a condition for a trade deal after strong resistance from Beijing.

Equities and other risky assets have been volatile this year over worries of a slowdown in the United States and other major economies.

The European Central Bank maintained its loose policy stance on Wednesday, highlighting threats to global growth.

"The market is bearish Europe. Not enough growth, not enough inflation, too much fiscal inaction and too much ECB dithering for some people' taste," said Societe Generale (PA:SOGN) analyst Kit Juckes.

In commodities, oil provided big milestones last week, with Brent breaking through the $70 threshold and the U.S. benchmark posting six straight weeks of gains for the first time since early 2016. [O/R]

Brent crude oil futures was last off 23 cents at $70.98 while crude futures, the U.S. benchmark, eased 33 cents to $63.34.

Stocks advance ahead of earnings; bonds stable
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (7)
Jim Teller
Jim Teller Apr 15, 2019 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Market down 51 points right now 11:23 4/15.   Red must mean the new market advance.
Suman Jutur
Suman Jutur Apr 15, 2019 5:52AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
nonsense. when they don't find anything, this is there excuse.
Dee Mehta
DMFINANCE Apr 15, 2019 5:52AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
That tells u they have run out of ideas and thats not good
Dave Jones
Dave Jones Apr 15, 2019 5:17AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trade deal. Trade deal. Trade deal trade deal trade deal.
Yonggun Cho
Yonggun Cho Apr 15, 2019 5:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Donald = Dictator? Who do not listen to anybody and can ********with anybody?
Sab Baby
SabSabBaby Apr 15, 2019 2:57AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Too late, both Shanghai and Hang Seng are dropping like a rock since this morning!
Tim Boyd
Tim Boyd Apr 15, 2019 2:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"Optimism" = central bank intervention.
Jack Zhang
Jack_A Apr 14, 2019 9:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
For us stock, the title is global growth slowdown, for Asian stock, the title is global growth hopes. Very confusing. or only US is slowing down?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email