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European Equity Market Handover – 18th April 2019

Stock market snapshot as of [18/4/2019 2:17 PM

  • After shaking off a downdraft from the latest barrage of sobering economic indicators, the largest European stock markets are holding slightly higher
  • The modest showing by mid-session—for instance, the DAX traded around 0.4% higher—masked some decent rises off lows; for the DAX, by as much as 143 point
  • Resilience is a promising sign with many major stock markets on the edge of challenging resistance comprised of winter highs. There’s no mistaking a lack of conviction though, at the end of a short week in Europe. These gains still look prone to fade
  • Wall Street stock index futures trade between 2 and 5 points higher

Corporate News

  • Earnings have been supportive. Unilever reported better-than expected underlying sales growth and maintained guidance for sales to rise 3%-5% over the year
  • Another consumer goods giant, Nestlé, also posted upbeat sales growth, putting it on track to meet a goal of 3% organic growth for the year

Upcoming corporate highlights

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