Down Jones: market can be trading in sideways range 25215 – 25850, where after break down of 25215 market will start downtrend to support 24270.
· European shares began Monday’s session in positive territory, as an EU Parliament election showed Europhile parties still performing reasonably well despite a rise in support for nationalists.
The pan-European STOXX 600 index was around 0.5% higher shortly after the opening bell, with all sectors and major bourses trading higher. Markets in the U.K. are closed on Monday due to a public holiday.
European investors will largely be focused on results of the EU parliamentary elections. Initial results suggested a strong showing for Liberal and Green parties, while euroskeptic groups in Britain and France holding the gains they saw in 2014.
Pro-EU parties are still expected to make up the majority of the Parliament, however, holding on to about two-thirds of the seats. But right-wing populist parties in both the U.K. and France made solid gains, with Nigel Farage’s Brexit Party comfortably beating Britain’s two main parties and Marine Le Pen’s National Rally narrowly beating President Emmanuel Macron’s centrist party.
The euro lost some ground against the dollar on Monday morning, trading just below $1.12 and trimming its earlier gains
Fiat Chrysler and Renault, two automakers looking to curb costs producing vehicles and pool resources for developing the next generation of automobiles, are planning a merger to create the world’s third largest automaker.
According to a statement from Fiat Chrysler Automobiles, the combined business would be owned 50/50 between shareholders of FCA and Groupe Renault. A board of governors would hold a majority of independent directors.
Shares in Fiat Chrysler and Renault jumped 13% and 11.5% respectiv
· MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, off a four-month low touched on Friday, with market holidays in the U.S. and U.K. denting trading volumes.
· benchmark Nikkei index edged up at the open on Monday as investors awaited US-Japan summit talks later in the day.
The key Nikkei 225 index was up 0.03 percent, or 5.97 points, at
On Monday, Trump tweeted: “Great progress being made in our Trade Negotiations with Japan.
“Agriculture and beef heavily in play. Much will wait until after their July elections where I anticipate big numbers!”
· Stocks in China jumped on Monday as investors watched for developments from U.S. President Donald Trump’s state visit to Japan as well as results from the European parliamentary election.
In mainland China, the Shenzhen composite rose 2.506% to close approximately at 1,533.52 and the Shenzhen component gained2.31% to finish its trading day at 8,979.83. The Shanghai composite gained 1.38% to close at around 2,892.38.
Over in Hong Kong, however, the Hang Seng index slid around 0.1%, as of its final hour of trading.
In Japan, the Nikkei 225 rose 0.31% to close at 21,182.58, with shares of index heavyweight Fast Retailing advancing 1.33%. The Topix also gained 0.38% to end its trading day at 1,547.00.
Over in South Korea, the Kospi slipped fractionally to close at 2,044.21, while Australia’s ASX 200 also ended its trading day slightly lower at 6,451.90.
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