Each day we produce a market commentary outlining critical economic and company developments. We leverage off our global network of analysts and investment professionals to provide clients with critical insights from our local teams first thing in the morning.
20/11/2018 – Market view: Europe opens down, US, Dollar, APEC, CRH, easyJet
European stocks have followed Asian and US markets down this morning after a heavy technology sell off yesterday evening. The Nasdaq finished down over 3% yesterday as Nvidia missed expectations on revenue and guidance, Apple cut production of iPhones and Facebook continues to underperform on management unrest. The movement toward safer assets was clearly evident this morning as the US 10 year and German 10 year fell to 3.04% and 0.35% respectively. EUR/USD has moved back down to 1.143. The market will be keeping a keen eye on housing data out of the US today.
- EasyJet – FY18 results lead airline sector to fall
- CRH – Strong results. Near term macro to determine share price performance