5 Min.
Financial Market News 01.09.2020 Stocks & FX Yang FX & Stocks
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- Geldanlage
DAX futures contract in Germany traded 0.6% higher, helped by reports that the German government will revise up its forecasts for growth this year when it publishes updated forecasts later. The CAC 40 futures in France climbed 0.4%, while the FTSE 100 futures contract in the U.K. fell 0.6%.
Old Mutual (LON:OMU)reported Tuesday a net loss for the first half of the year, and the South Africa-based, financial-services company suspended its dividend payout due to the pandemic.
Lagardere (PA:LAGA) could also be in the spotlight amid a potential legal battle with its two largest shareholders, French media conglomerate Vivendi (PA:VIV) and activist fund Amber Capital, over boardroom representation.
U.S. crude futures traded 1% higher at $43.02 a barrel, while the international benchmark Brent contract rose 1% to $45.74. Gold futures rose 0.8% to $1,994/oz, while EUR/USD traded 0.4% higher at 1.1989.
GBP/USD clocks in fresh 2020 high above 1.3400, eyes UK/US PMIs, Brexit talks.
EUR/USD is trading closer to 1.20, a two-year high. In the long-term, a close above 1.2015 would target 1.2630 the 200-month MA.
Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 91.860, having earlier reached a two-year low of 91.773.
DAX futures contract in Germany traded 0.6% higher, helped by reports that the German government will revise up its forecasts for growth this year when it publishes updated forecasts later. The CAC 40 futures in France climbed 0.4%, while the FTSE 100 futures contract in the U.K. fell 0.6%.
Old Mutual (LON:OMU)reported Tuesday a net loss for the first half of the year, and the South Africa-based, financial-services company suspended its dividend payout due to the pandemic.
Lagardere (PA:LAGA) could also be in the spotlight amid a potential legal battle with its two largest shareholders, French media conglomerate Vivendi (PA:VIV) and activist fund Amber Capital, over boardroom representation.
U.S. crude futures traded 1% higher at $43.02 a barrel, while the international benchmark Brent contract rose 1% to $45.74. Gold futures rose 0.8% to $1,994/oz, while EUR/USD traded 0.4% higher at 1.1989.
GBP/USD clocks in fresh 2020 high above 1.3400, eyes UK/US PMIs, Brexit talks.
EUR/USD is trading closer to 1.20, a two-year high. In the long-term, a close above 1.2015 would target 1.2630 the 200-month MA.
Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 91.860, having earlier reached a two-year low of 91.773.
5 Min.