Tag: euro

Europe Stocks Slip, Euro Gains Before ECB Meeting: Markets Wrap

(Bloomberg) — Stocks slipped and the euro steadied as investors waited for the outcome of the European Central Bank meeting. Treasuries gained, while crude oil declined.

While the central bank is widely expected to keep policy steady, investors will be closely watching comments from ECB President Christine Lagarde for any hints on whether the stronger euro is becoming a problem for the region. The FTSE 100 Index led losses among European equities amid fears that Brexit talks are falling apart. U.S. futures indicated the S&P 500 will slide after yesterday’s rally.

a screenshot of a cell phone: Nasdaq 100 volatility shows tech selloff may be over

© Bloomberg
Nasdaq 100 volatility shows tech selloff may be over

The ECB later today is expected to release new economic projections that show the recovery is still highly uncertain, although some of the worst downside risks haven’t materialized. The projections for output and inflation will show only slight changes to the June outlook, according to euro-area officials familiar

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Judgement day for the euro and what next for tech

Get our take on what to expect from the ECB meeting, why the euro may struggle to reach $1.20 at the start of this week, and why stocks should recover, eventually. 

The end of last week saw a surge in volatility and a dramatic sell off in the equity market, particularly in US -listed technology shares. To highlight the extent of the downward pressure on tech, after leading the S&P 500 for most of the recovery rally since March, Apple sunk 7% last week, while the S&P 500 fell just over 3%. There was a similar fate for other stocks including Amazon and the Nasdaq darling Tesla, which fell 12% over the week. Next week’s tech stock performance will be dependent on a few factors, which we will explore in more detail below, but as we start the week, volatility remains elevated and an attempt by the Nasdaq 100 at

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