The DAX Futures is trading at 12,320.50 with a loss of -0.45% percent or -56.00 point .The FTSE 100 Futures is trading at 7,458.00 up with +0.11% percent or +8.00 point. The CAC 40 Futures is trading at 5,493.50 with a loss of -0.06% percent or -3.50 point . The EURO Stoxx 50 Futures is trading at 3,406.00 with a loss of -0.44% percent or -15.00 point.
TODAY’S FACTORS AND EVENTS
The week started with the U.S imposing tariffs on some $200 billion in Chinese goods, and China responding with tariffs of $60 billion on U.S imports. Previous rounds of tariffs between the two economic giants have rocked the equity markets, but investors have shrugged off these latest tariffs. Chinese equity markets have actually improved on Wednesday, as investors are optimistic that Chinese stimulus measures will minimize the damage to the Chinese economy from the U.S tariffs. However, there may be more headwinds ahead, as China sharply attacked the U.S this week, saying it had plunged “a knife to China’s neck” with the new tariffs. The Chinese have canceled trade talks with the Trump administration, and no new talks are likely to be held until the mood improves between the world’s two largest economies.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,385.28 with a loss of -0.40% percent or -106.93 point. The S&P 500 is trading at 2,905.97 with a loss of -0.33% percent or -9.59 point. The Nasdaq Composite is trading at 7,990.37 with a loss of -0.21% percent or -17.10 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,796.74 with a loss of -0.99% percent or -237.05 point. Hong Kong’s Hang Seng is trading at 27,709.19 with a loss of -0.39% percent or -107.68 point. China’s Shanghai Composite is trading at 2,789.39 with a loss of -0.62% percent or -17.42 point. India’s BSE Sensex is trading at 36,423.26 with a loss of -0.33% percent or -119.01 point at 12:15 PM.