The DAX Futures is trading at 12,663.50 with a loss of -0.11% percent or -13.50 point . The FTSE 100 Futures is trading at 7,637.50 up with +0.26% percent or +20.00 point. The CAC 40 Futures is trading at 5,407.82 with a loss of -0.17% percent or -9.25 point . The EURO Stoxx 50 Futures is trading at 3,461.00 with a loss of -0.06% percent or -2.00 point.
TODAY’S FACTORS AND EVENTS
Fed Reserve Chair Jerome Powell reaffirmed his positive outlook on the US economy in testimony before the Senate Banking Committee earlier this week. Powell said that he expected the labor market to remain tight and inflation to stay close to the Fed’s target of 2 percent for the next several years. Powell added that the Fed would continue to gradually raise interest rates. Lawmakers appeared satisfied with current monetary policy, but Powell did face some pointed questions regarding the escalating trade war, which has raised concerns that economy could take a downturn if the tariff battles continue.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 25,064.50 with a loss of -0.53% percent or -134.79 point. The S&P 500 is trading at 2,804.49 with a loss of -0.40% percent or -11.13 point. The Nasdaq Composite is trading at 7,825.30 with a loss of -0.37% percent or -29.15 point.
In other parts of world, Japan’s Nikkei 225 is trading at22,697.88 with a loss of -0.29% percent or -66.80 point. Hong Kong’s Hang Seng is trading at 28,223.93 up with +0.76% percent or +213.07 point. China’s Shanghai Composite is trading at 2,829.27 up with +2.05% percent or +56.73 point. India’s BSE Sensex is trading at 36,457.64 up with + 0.29% percent or +103.70 point at 12:15 PM.
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