How stocks do in Europe, can have an important impact on stocks in the states. Today we look at the patterns in London and Germany, as recent price action could “spill over” into stocks in the states.
FTSE 100 Index below-
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Many times over the years, what the stock markets do in Germany and Europe, impacts stocks in the states. Several times Germany has been a leading indicator in bull and bear moves, ahead of what take place in the S&P 500. Below looks that the DAX index over the past decade and the important pattern that could be in play.
S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.
Welcome to a new financial quarter.
As part of the usual review of last month and Q1 asset performance, it is worth nothing one surprising element of Q1 we showed over the weekend, namely that the VIX index had its lowest average quarter since Q4 2006.
Gold and Silver Best Performing Assets In Q1, 2017