(Bloomberg) – European equities rose on futures on US stock indices as investors prepared for the first big gains for the third quarter and further news about the trade dispute between the world's two largest economies. After a public holiday, the Treasuries also rose.
The pound fluctuated when the European Union's chief negotiator insisted that a Brexit deal be possible this week, although it is becoming increasingly difficult. Crude oil futures fell and gold rose.
The US earnings season starts on Tuesday with the results of major banks such as JPMorgan and Goldman Sachs. Investors are facing the news against the background of slowing growth, falling interest rates and numerous unpredictable macroeconomic risks from Trump's impeachment investigation and the trade war analyze the Brexit and Turkey's invasion of Syria.
"We recommend Our clients want to take profits here to participate in this rally," said Tuan Huynh, Asia-Pacific Chief Investment Officer at Deutsche Bank Wealth Management, Bloomberg Television. In the past, "Trump has announced some kind of agreement, but in the end it turns out that it's a bit premature," he said, cautioning the trade front.
In the meantime, the Turkish lira has stabilized and the country's benchmark index rose after Trump imposed lighter sanctions on its military campaign in Syria than required by the US legislator.
Some key events this week:
Wednesday brings monetary policy decision in South Korea Retail sales are expected to rise for the seventh consecutive year. Turnover in the "control group" is expected to increase as well. Consumer spending carries the weight of US economic growth, so data is carefully monitored for signs of slowing. China publishes third quarter GDP data, industrial production in September, and retail sales on Friday.
Here are the main market movements:
The Stoxx Europe 600 Index gained 0.4% at 10.29 London time. The S & P 500 index rose 0.4%. The French CAC 40 index climbed 0.5%. The British FTSE 100 index dropped 0.1%. Turkey's Borsa Istanbul 100 Index rose 1.3%.
The Bloomberg Dollar Spot Index barely changed. The British pound climbed 0.2% to $ 1.2629. The euro fell 0.1% to $ 1.1018. The Turkish Lira rose 0.3% to 5.9125 per dollar. The Japanese yen rose 0.1% to $ 108.27 per dollar.
Ten-year government bond yields fell five basis points to 1.68%. Two-year government bond yields fell five basis points to 1.54%. Germany's 10-year yield fell one basis point to -0.47%. Australia's 10-year yield fell three basis points to 1,0175%.
West Texas crude fell 1.8% to $ 52.63 a barrel. Gold rose 0.1% to $ 1,494.91 per ounce, to $ 0.95 per pound. LME nickel increased 2.1% to $ 16,905 per tonne.
– With support from Andreea Papuc.
Contacting the reporter on this story: Todd White in Madrid at [email protected]  To contact the editors responsible for this story: Samuel Potter at [email protected]; Christopher Anstey at [email protected]
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