The European stock markets are in stable condition, and they have also received a boost from the Asian markets as well. The positive economic report in one part of the world gives hope to other markets as well. Most of the investors watch the movement of giant economies such as China, the USA and other European countries. The investors also take care of the official US jobs report as it gives a genuine idea about the performance of the economy. The DAX futures contract in Germany registered growth of 0.6% and the CAC 40 futures in France also rose by 0.6%. Also, the FTSE 100 futures contract in the UK registered growth of 0.7%.
Asian markets are receiving a strong boost, and the investors are confident that European equities will get a boost from them. The financial and industrial activities are working at full speed in most of the European, Asian nations. The Hang Seng index in Hong Kong registered growth of 6%. The Chinaâ€™s blue-chip Shanghai Shenzhen CSI 300 index rose by 3.2%. The Shanghai Composite index also climbed by 2.4%. Both of them were trading at the highest marks of the three-weeks. Many investors are closely watching the policies and steps of the Chinese government. China is the largest economy of Asia and the second largest economy of this planet. It is a major European export market as well. Hence, it is important for investors to watch the condition of the Chinese economy.
The investors also monitor the US payrolls report. It is expected that nonfarm payrolls will show an enhancement of 200,000 jobs in the month of October. Europeâ€™s largest economy, Germany, is in a completely stable condition. The energy prices are soaring in Europe. For the corporate sector, it was Societe Generale SA (EPA: SOGN) that had brought some good news. In the third quarter, France's third-biggest listed bank reported impressive net income. It was due to market volatility that boosted trading revenues.
Oil prices continue to remain strong due to the geopolitical situation
Oil prices sometimes fluctuate due to the condition of the US dollar. The traders are also monitoring the situation of the Russia-Ukraine war. Many nations have slapped sanctions on Russia that have affected the export of various commodities. The US crude futures rose by 2.7%, and it was trading at $90.52 a barrel. The Brent contract increased by 2.3%, and it was standing at $96.89. The gold futures climbed 1.3%, and it was trading at $1,651.35/oz.
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