scroll

Stoxx 50

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 27/07/2024

Stoxx 50

Hi guys, can you give an update view on the Stoxx 50 please? I'm watching a lot of indexes get belted this week. Previously you had mentioned that you were more bullish for the Stoxx 50 (or I may been imagining that) and were targeting 5500 level. The long standing support has now been breached at 4800. 4750 is the 200EMA then 4550 looks like the next serious support level, also inline with a 50% Fib. From a more fundamental point of view, I thought the Olympics and French elections would've given a solid foundation. Regards, Simon

Answer

Hi Simon,

The Olympics should put some much needed dollars into the French economy although we’re not sure the current publicity is particularly good for its long standing tourism image. European indices have followed the pullback of their US peers but encouragingly in a far more muted fashion, as they aren’t so heavily influenced by AI & tech names.

We have now adopted a neutral stance towards European equities, but the pullback is not impulsive, usually a bullish sign.

chart

EURO STOXX 50 Index

LAST UPDATED 26/07/2024 08:47

Latest Reports

Afternoon report 24/01/2025

The Match Out: Stocks cap off a positive week in the black

A decent session in Oz today with the retailers generally doing well pushing the consumer discretionary sector up more than 2% - a few stock specific influences at play. A positive week overall for markets, the final one with a partial holiday vibe, with those stragglers taking extended holidays back on deck post the Australia Day holiday on Monday.

Morning report 24/01/2025

What Matters Today: Can Trump drive down oil prices and related stocks?

The ASX200 fell 0.6% on Thursday as the influence of miners rather than tech weighed on the local bourse. The local market slipped for the first time since Donald Trump's inauguration amid fears of what the US president's promised tariffs might do for trade with China. Investors remain scared of Trump's tariffs towards China, and despite a mention of a 10% cent tariff (only), it was enough to see buyers retreat on mass.