European Stocks Pause After Ecb Rally; Dax Up 0.08% –

Pound, FTSE Futures Drop on Scotland as Asia Stocks Swing – Yahoo Finance

During European morning trade, the DJ Euro Stoxx 50 slipped 0.11%, France’s CAC 40 fell 0.12%, while Germany’s DAX added 0.08%. European equities strengthened broadly last week after the ECB cut rates to record lows across the euro zone and announced an asset-backed securities and covered bond purchasing program in an attempt to shore up slowing growth and inflation in the region. Earlier Monday, official data showed that Germany’s trade surplus widened to 22.2 billion in July, from 16.4 billion in June, whose figure was upwardly revised from a previously estimated surplus of 16.2 billion. Analysts had expected the trade surplus to widen to 16.8 billion in July. Financial stocks were broadly lower, as French lenders BNP Paribas (PARIS:BNPP) and Societe Generale (PARIS:SOGN) fell 0.26% and 0.25%, while Germany’s Deutsche Bank (XETRA:DBKGn) declined 0.55%.

The S&P 500 slipped 3.5 percent but has managed to log a gain of 1.5 percent from that date. With indexes now upright and pointing the right way, Goldman has decided to flip its view and says the new stimulus announced last week by the European Central Bank (ECB) was the reason behind this change. “Following the dovish ECB decisions (on Thursday), we now see the risk to equities from top stock to buy right now higher bond yields as less imminent,” the bank said in the note. Getty Images With Europe’s central bank and President Mario Draghi delivering another rate cut and detailing a bond-buying program that some economists calculate will add 1 trillion euros ($1.29 trillion) into the euro zone economy, Goldman predicts that bond yields will likely rise at a slower rate.

Stocks Open Lower, Pulling S&P 500 Back From High – ABC News

South Korea doesn’t reopen until Sept. 11, with markets shut for the Harvest Moon festival. Taiwan is also shut today. China Trade Hong Kong’s Hang Seng Index retreated for a third straight day, while the Hang Seng China Enterprises Index fluctuated.

US stocks open lower as investors weigh Scotland vote – Yahoo News

Five minutes into trade, the Dow Jones Industrial Average dipped 19.77 points (0.12 percent) to 17,117.59. The broad-based S&P 500 shed 2.55 (0.13 percent) to 2,005.16, while the tech-rich Nasdaq Composite Index added 3.30 (0.07 percent) to 4,586.20. Polls show rising support in Scotland for independence from the United Kingdom in a referendum vote to be held next week. The British pound slid to a nine-month low point of $1.6128 and dropped to 80.25 pence against the euro, which was the lowest for three weeks. The British FTSE 100 dropped nearly 0.8 percent.

Goldman Sachs gets bullish again on stocks

Monday. The index closed at an all-time high on Friday. The Dow Jones industrial average fell 13 points to 17,124. The Nasdaq composite was little changed at 4,583.


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