The DAX Futures is trading at 12,930.00 with a loss of -0.65% percent or -85.00 point . The FTSE 100 Futures is trading at 7,560.50 with a loss of -0.28% percent or -21.00 point. The CAC 40 Futures is trading at 5,471.77 with a loss of -0.55% percent or -30.11 point . The EURO Stoxx 50 Futures is trading at 3,484.00 with a loss of -0.54% percent or -19.00 point.
TODAY’S FACTORS AND EVENTS
The German 30 Index was propelled higher yesterday as the Euro weakened in response to the ECB decision to taper its QE purchases. The index broke above resistance at 12950.00 and 13000.00 before falling short of the 13200.00 level. It has come off the highs this morning and found support at 13100.00. It remains to be seen if this rally can be sustained as US equity markets were mixed yesterday and remain depressed this morning. Traders will be watching for a break of the 13200.00 area which points to a moved back to the highs at 13600.00.
For the day the Dow is trading at 25,090.48 with a loss of -0.34% percent or -84.83 point. The S&P 500 is trading at 2,779.66 with a loss of -0.10% percent or -2.83 point. The Nasdaq Composite is trading at 7,746.38 with a loss of 0.19% percent or -14.66 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,680.33 with a loss of -0.75% percent or -171.42 point. Hong Kong’s Hang Seng is trading at 30,309.49 with a loss of -0.43% percent or -130.68 point. China’s Shanghai Composite is trading at 3,021.90 with a loss of -0.73% percent or -22.26 point. India’s BSE Sensex is trading at 35,607.38 with a loss of -0.041% percent or -14.76 point at 12:15 PM.