The DAX Futures is trading at 12,890.50 up with +0.79% percent or +101.00 point .The FTSE 100 Futures is trading at 7,728.00 up with +0.65% percent or +50.00 point. The CAC 40 Futures is trading at 5,457.56 with a loss of –0.062% percent or –3.38 point . The EURO Stoxx 50 Futures is trading at 3,472.00 up with +0.49% percent or +17.00 point.
TODAY’S FACTORS AND EVENTS
The DAX has posted gains in the Wednesday session. Currently, the DAX is at 12,818 up 0.25% on the day. In economic news, there is just one event on the schedule. Eurozone Retail PMI improved to 51.7 points, pointing to weak expansion. On Tuesday, Germany releases Factory Orders and the eurozone publishes Revised GDP.
The on-again-off-again Korea nuclear summit is back on, complete with a starting time. The much-heralded meeting between President Trump and President Kim Jong-un will take place in Singapore on June 12, at 9:00 AM sharp. The summit will mark the face ever face-to-face meeting between leaders of the US and North Korea, but Donald Trump has tried to lower expectations, saying that he didn’t expect the sides to sign an agreement. Rather, the meeting would mark the start of a process. North Korea is unlikely to agree to denuclearization, but the fact that the two sides are talking is likely to continue boosting the stock markets.
For the day the Dow is trading at 25,098.44 with +1.20% percent or +298.46 point. The S&P 500 is trading at 2,766.96 up with +0.66% percent or +18.16 point. The Nasdaq Composite is trading at 7,675.60 up with +0.49% percent or +37.74 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,625.73 up with +0.38% percent or +86.19 point. Hong Kong’s Hang Seng is trading at 31,259.10 up with +0.53% percent or +165.65 point. China’s Shanghai Composite is trading at 3,115.18 up with +0.031% percent or +0.97 point. India’s BSE Sensex is trading at 35,178.88 up with +0.79% percent or 275.67 point at 12:15 PM.