European futures pointed to a mixed open today as traders digested the results of the most recent European Banking Authority (EBA) stress tests for banks. In the UK British banking giants Barclays and Lloyds had the lowest capital ratio, according to the EBA analysis. Deutsche Bank scored among the ten worst banks in the latest round of European stress tests, yet another sign of weakness at Germany’s largest lender. Under the test’s toughest “adverse” scenario, Germany’s flagship lender’s core capital ratio was 8.1 percent for 2020, placing it in 40th place out of 48 lenders measured. In the 2016 test, the capital level of Deutsche Bank dropped to 7.8 percent, ranking it tenth from the bottom from a health check for 51 lenders. Some analysts had expected Germany’s biggest lender to fare badly after three years of losses. The closely watched health check across the European Union conducted by the European Banking Authority (EBA) could force laggards to raise capital or ditch assets.
Meanwhile, market watchers also focused on the global geopolitical developments, especially concerning China and its trade relationship with the United States.
As for the economic calendar, we have these to look out for:
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05-11-2018 DAX Key Levels
DAX KEY LEVELS | |
CFD | |
POC * | 11541 |
Value Area High | 11618 |
Value Area Low | 11483 |
VWAP | 11578 |
R2 | 11777 |
S2 | 11368 |
Pivot | 11573 |
Camarilla Breakout (Bull) | 11663 |
Camarilla Breakout (Bear) | 11438 |
05-11-2018 DOW Key Levels
DOW KEY LEVELS | |
CFD | |
POC * | 25606 |
Value Area High | 25728 |
Value Area Low | 25277 |
VWAP | 25402 |
R2 | 26014 |
S2 | 24726 |
Pivot | 25370 |
Camarilla Breakout (Bull) | 25645 |
Camarilla Breakout (Bear) | 24937 |
05-11-2018 FTSE Key Levels
FTSE KEY LEVELS | |
CFD | |
POC * | 7169 |
Value Area High | 7197 |
Value Area Low | 7112 |
VWAP | 7139 |
R2 | 7252 |
S2 | 7004 |
Pivot | 7128 |
Camarilla Breakout (Bull) | 7181 |
Camarilla Breakout (Bear) | 7044 |
05-11-2018 EStoxx Key Levels
EuroStoxx KEY LEVELS | |
CFD | |
POC * | 3241 |
Value Area High | 3251 |
Value Area Low | 3220 |
VWAP | 3230 |
R2 | 3274 |
S2 | 3178 |
Pivot | 3226 |
Camarilla Breakout (Bull) | 3250 |
Camarilla Breakout (Bear) | 3198 |
05-11-2018 Trading Signals
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