The DAX Futures is trading at 11,543.00 up with +2.62% percent or +295.00 point. The FTSE 100 Futures is trading at 7,133.00 up with +2.35% percent or +164.00 point. The CAC 40 Futures is trading at 5,089.50 up with +1.99% percent or +99.50 point. The EURO Stoxx 50 Futures trading at 3,231.00 up with +2.15% percent or +68.00 point.
TODAY’S FACTORS AND EVENTS
Germany is the locomotive of the eurozone, and when the locomotive loses a gear, the entire train is in trouble. This has been the story in the third and fourth quarters, as weaker German growth has affected the rest of the eurozone. There was more grim economic news on Friday, as retail sales posted its first decline since July. Consumers are holding tighter to the purse strings, which is hurting economic growth. Unsurprisingly, consumer confidence softened in November – the reading of 10.4 points was its lowest level since May 2017.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,538.46 up with +0.79% percent or +199.62 point. The S&P 500 is trading at 2,760.17 up with +0.82% percent or +22.41 point. The Nasdaq Composite is trading at 7,330.54 up with +0.79% percent or +57.45 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,574.76 up with +1.00% percent or +223.70point. Hong Kong’s Hang Seng is trading at 27,182.04 up with +2.55% percent or +675.29 point. China’s Shanghai Composite is trading at 2,654.80 up with +2.57% percent or +66.61 point. India’s BSE Sensex is trading at 36,256.20 up with +0.17% percent or +57.14 point at 12:15 PM.