Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

European stocks mixed on Monday as markets look to earnings and ECB rate call

Source Fxstreet

Europe saw mixed results in equity indexes for the new trading week.
Energies climb, but financials stumbled.
ECB officials drive rate cut expectations to the forefront.

European equities spread on Monday as markets compare last week’s rate hold from the European Central Bank (ECB) mixes like water and oil with early rate-cut talk from ECB policymakers to spark headlines as the new trading week gets underway.

Momentum eased in European stocks on Monday after hitting multi-year highs on Friday, leaving investors to reconsider their positioning after banks and financials saw declines despite energy sector indexes marking in slight gains.

The ECB is firmly at the top of the rate hike cycle, and the central bank’s next move is well-telegraphed as a cut, and now all that’s left is for markets to negotiate the specifics of when the ECB will trim rates.

ECB’s Centeno: Should start cutting rates sooner rather than later

Money markets are fully priced in on a first 25 basis point rate cut from the ECB by May, with rate swaps expecting 149 basis points in overall rate cuts through the end of the year.

ECB officials landed on opposite sides of how fast rate cuts should come on Monday, further muddying the waters on rate cut expectations heading into the midyear.

ECB’s Kazimir: A rate cut in June is more probable than in April

European Gross Domestic Product (GDP) figures are due on Tuesday, and investors will be looking for a rebound in Germany’s fourth quarter GDP while pan-European QoQ GDP is expected to stump in at -0.1%.

Germany’s DAX index slid 0.12% to close down nearly 20 points at €16,941.71, while London’s FTSE major equity index ended Monday nearly flat at 0.03% at £7,632.74, down 2.35 points.

France’s CAC40 gained 6.67 points to end up nearly a tenth of a percent at €7,640.81, while the pan-European STOXX600 index climbed one full point to close at €484.84, gaining 0.21%.

DAX technical outlook

Germany’s DAX saw an early decline to kick off the trading week, testing into near-term medians near €16,850.00 at the 50-hour Simple Moving Average (SMA).

A mid-day rebound kept the index trimmed into the day’s opening bids and Monday saw limited change to open the new trading week.

Despite Monday’s hesitancy, the DAX is well-bid into the top end, trading into all-time highs near the €17,000.00 and the index is set to close in the green for the third straight month.

DAX Hourly Chart

DAX Daily Chart

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve begins The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Author Irene Q.

Sep 15, Tue

The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Author Suzie

Yesterday 08: 40

Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Yesterday 08: 47

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

6 hours ago

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Popular Symbols