The DAX Futures is trading at 12,942.50 with a loss of -0.30% percent or -38.50 point . The FTSE 100 Futures is trading at 7,664.50 with a loss of -0.51% percent or -39.50 point. The CAC 40 Futures is trading at 5,524.00 with a loss of -0.26% percent or-14.50 point . The EURO Stoxx 50 Futures is trading at 3,519.00 with a loss of -0.31% percent or -11.00 point.
TODAY’S FACTORS AND EVENTS
After an uneventful week, the DAX has posted slight losses in the Monday session. Currently, the DAX is at 12,958 points, down 0.33% on the day. There are no German or eurozone releases in the Monday session. On Tuesday, here are two key events out of Germany – Preliminary GDP and ZEW Economic Sentiment.
Investors will be keeping a close eye on German data on Tuesday, with the release of Preliminary GDP and ZEW Economic Sentiment. The eurozone will also publish these indicators. Growth in the eurozone slowed in the first quarter, and GDP in both Germany and the eurozone is expected to fall from 0.6% in the fourth quarter to 0.4% in the first quarter of 2018. The markets are also bracing for weak numbers from the monthly ZEW surveys, which examines confidence levels among institutional investors and analysts. The German release was very soft in April, dropping -8.2 points. Another poor reading is expected in May, with an estimate of -8.0 points. the ZEW eurozone indicator also dropped sharply in April to 1.9, and little change is forecast in the May release.
For the day the Dow is trading at 24,899.41 up with +0.27% percent or +68.24 point. The S&P 500 is trading at 2,730.13 up with +0.088% percent or +2.41 point. The Nasdaq Composite is trading at 7,411.32 up with +0.11% percent or +8.43 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,818.02 with a loss of -0.21% percent or -47.84 point. Hong Kong’s Hang Seng is trading at 31,209.08 with a loss of -1.05% percent or -332.00 point. China’s Shanghai Composite is trading at 3,188.69 up with +0.46% percent or +14.65 point. India’s BSE Sensex is trading at 35,775.88 up with +0.62% percent or +219.17 point at 12:15 PM.