The DAX Futures is trading at +0.27% up with +0.36% percent or +0.27% point . The FTSE 100 Futures is trading at 7,599.00 up with +0.34% percent or +26.00 point. The CAC 40 Futures is trading at 5,422.54 up with +0.24% percent or +13.12 point . The EURO Stoxx 50 Futures is trading at 3,461.00 up with +0.26% percent or +9.00 point.
TODAY’S FACTORS AND EVENTS
The DAX index has ticked lower in the Tuesday session. Currently, the DAX is at 12,566, up 0.05% on the day. On the release front, there are no major German or eurozone events. In economic news, the eurozone trade surplus slipped to EUR 16.9 billion, short of the estimate of EUR 17.6 billion. This marked the lowest surplus since January 2017.
European equity markets showed little change last week and the DAX continues to trade quietly on Monday. Still, the trading tensions hovering in the air have many investors wondering if this is the calm before the storm. On Tuesday, the Trump administration said it was considering imposing tariffs on some $200 billion in Chinese goods, which would be a significant escalation in the trade war between the two economic giants. China has promised to respond with “firm and forceful measures,” but hasn’t provided any details. With neither side showing any flexibility, the markets could be heading for stormy waters if China retaliates.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,119.89 up with +0.22% percent or +55.53 point. The S&P 500 is trading at 2,809.55 up with 0.40% percent or +11.12 point. The Nasdaq Composite is trading at 7,855.12 up with 0.63%percent or +49.40 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,794.19 up with +0.43% percent or +96.83 point. Hong Kong’s Hang Seng is trading at 28,104.40 with a loss of – 0.27% percent or -77.28point. China’s Shanghai Composite is trading at 2,794.67 with a loss of -0.12% percent or -3.46 point. India’s BSE Sensex is trading at 36,602.02 up with + 0.22% percent or +82.06 point at 12:15 PM.