European Equity Market Handover – 17th April 2019

Stock market momentum from China’s higher-than-forecast growth turned out to be mild

Stock market snapshot as of [17/4/2019 2:34 PM]

  • Stock market momentum from China’s higher-than-forecast growth turned out to be mild, given uncertainty about whether the data represented a sustained rebound
  • China’s stock market hit a new 13-month though the benchmark Shanghai Composite index rose just 0.3%
  • Despite a lift for Europe’s auto sector on talk that Chinese authorities could ease restrictions on car licenses, Europe’s STOXX 600 gauge also paused after hitting 8-month highs

Corporate News

  • Netflix’s disappointing outlook casts an unfortunate tone over the start of the earnings season after mixed results from the largest U.S. banks in recent days
  • The latest of these, from Morgan Stanley, were better received after strong investment management revenues lifted overall results above forecast


Upcoming corporate highlights


Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.