Short DAX at 7740
- Thread starter ASusilovic
- Start date
You got to fight for your right to party....
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I like this one, too - very much:
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Seems, initial jobless claims and Philly fed will decide whether we will fill the gap above 5327.00 or not...
Quote from archimg77:
US unemployment bad but other indicators positive.
We are going to fill that gap tomorrow ...
FDAX was again weaker than other indices today and I wonder how long this is going to take.
... don't forget .... OPTION EXPIRATION TOMORROW !!! There were high volume around 5400 and 5200 ... 5300 Settlement ?
We will see ...
Kind regards.
Mike
Aug. 21 (Bloomberg) -- Europeâs manufacturing and service industries contracted at the slowest pace in 15 months in August, adding to signs the worst recession in more than six decades is easing.
A composite index of both industries in the 16-member euro region rose to 50 from 47 in July, Markit Economics said today. That was the highest since May 2008. Economists forecast a gain to 48, according to the median of 11 forecasts in a Bloomberg News survey. The index is based on a survey of purchasing managers by Markit and a reading below 50 indicates a contraction.
Higher earnings at companies from Germanyâs Deutsche Bank AG to Paris-based LâOreal SA are adding to evidence of recovery after governments pledged billions of euros in rescue packages. The European Central Bank on Aug. 6 kept its key rate at a record low and said the economy is past the worst. The German and French economies returned to growth in the second quarter.
âWe expect the manufacturing industry to return to growth over the coming months while the services sector will lag behind,â said Christoph Weil, a senior economist at Commerzbank AG in Frankfurt. âThe second half will show a strong economic expansion with significant gains in industrial output.â
A composite index of both industries in the 16-member euro region rose to 50 from 47 in July, Markit Economics said today. That was the highest since May 2008. Economists forecast a gain to 48, according to the median of 11 forecasts in a Bloomberg News survey. The index is based on a survey of purchasing managers by Markit and a reading below 50 indicates a contraction.
Higher earnings at companies from Germanyâs Deutsche Bank AG to Paris-based LâOreal SA are adding to evidence of recovery after governments pledged billions of euros in rescue packages. The European Central Bank on Aug. 6 kept its key rate at a record low and said the economy is past the worst. The German and French economies returned to growth in the second quarter.
âWe expect the manufacturing industry to return to growth over the coming months while the services sector will lag behind,â said Christoph Weil, a senior economist at Commerzbank AG in Frankfurt. âThe second half will show a strong economic expansion with significant gains in industrial output.â