The DAX Futures is trading at 10,814.80 with a loss of -0.90% percent or -97.70 point. The FTSE 100 Futures is trading at 6,821.00 with a loss of -0.83% percent or -57.00 point. The CAC 40 Futures is trading at 4,851.50 with a loss of -0.77% percent or -37.50 point. The EURO Stoxx 50 Futures trading at 3,082.00 with a loss of -0.74% percent or -23.00 point.
TODAY’S FACTORS AND EVENTS
Last week was dismal for the equity markets, and the DAX lost plunged 6.4 percent. Risk apprehension has subsided this week, and the DAX has responded with gains of 2.1 percent. Although the U.S. and China remain embroiled in a nasty trade war, the markets moved higher after U.S. and Chinese trade negotiators spoke by telephone. China’s economy has been weakened by the trade war, raising hopes that the Chinese will be more flexible in trade talks with the United States. However, the arrest of a senior executive of a Chinese technology company in Vancouver and the angry Chinese response is the latest obstacle which could put a cloud over the talks.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,597.38 with +0.29% percent or +70.11 point. The S&P 500 is trading at 2,650.54 with a loss of -0.020% percent or -0.53 point. The Nasdaq Composite is trading at 7,070.33 with a loss of -0.39% percent or -27.98 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,374.83 with a loss of -2.02% percent or -441.36 point. Hong Kong’s Hang Seng is trading at 26,079.10 with a loss of -1.68% percent or -445.25 point. China’s Shanghai Composite is trading at 2,593.74 with a loss of -1.53% percent or -40.31 point. India’s BSE Sensex is trading at 35,963.65 up with +0.099% percent or +35.64 point at 12:15 PM.