Daily market commentary: Stock benchmarks opens without clear direction while market volatility is on the rise

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/02/Daily-Market-Commentary-Monday.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><h2>European shares</h2>
<p><a target="_blank" href="https://www.leaprate.com/forex/market-news/daily-market-commentary-european-shares-climbed-alongside-us-futures-contracts/" rel="noopener">Stock benchmarks</a> opened without clear direction while market volatility was on the rise on Monday as investors digested a batch of mixed economic news from different regions. Despite positive CPI data that topped estimates in China overnight, the Asian trading session was marked by lingering worries regarding the Covid resurgence in the area as investors still anticipate an impact on both demand and supply chains. Meanwhile, in Europe, investor focus took a break from the major market drivers, such as monetary policies and the war in Ukraine, to drive their attention towards the political situation in France. While the far-right candidate, Marine Le Pen, qualified for the second round of the election, investors welcomed the advance of current President E. Macron registered in polling stations. Volatility is likely to remain high on French stocks, especially as the traditional debate between the two candidates looms on the April 20. The best European performances are unsurprisingly being registered by French shares, with Energy and Financial stocks such as BNP, AXA and Total Energie trading on top of the board. Elsewhere, investors are braced for the start of the earning season due later this week, with big names from the US Banking sector like JP Morgan, Wells Fargo, Goldman Sachs and Morgan Stanley publishing their results on Wednesday and Thursday.</p>
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<p><img class="alignnone size-full wp-image-444628" src="https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000.png" alt="" width="1845" height="787" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000.png 1845w, https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000-250×107.png 250w, https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000-700×299.png 700w, https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000-768×328.png 768w, https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000-1536×655.png 1536w, https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000-120×51.png 120w, https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000-245×105.png 245w, https://www.leaprate.com/wp-content/uploads/2022/04/CAC-4000-500×213.png 500w" sizes="(max-width: 1845px) 100vw, 1845px" /></p>
<p><em>Pierre Veyret– Technical analyst, ActivTrades</em></p>
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<p><em>Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading advice.</em></p>
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<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/daily-market-commentary-stock-benchmarks-opens-without-clear-direction-while-market-volatility-is-on-the-rise/">Daily market commentary: Stock benchmarks opens without clear direction while market volatility is on the rise</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>