The DAX Futures is trading at 10,637.00 with a loss of -1.27% percent or -137.00 point.The FTSE 100 Futures is trading at 6,599.80 with a loss of -0.23% percent or -15.20 point. The CAC 40 Futures is trading at 4,718.80 with a loss of -0.07% percent or -3.40 point. The EURO Stoxx 50 Futures trading at 2,998.50 with a loss of -0.10% percent or -3.00 point.
TODAY’S FACTORS AND EVENTS
The Federal Reserve is widely expected to raise rates on Thursday, even though rate hikes are unusual when stock markets are in a downward spiral. The Fed may “compensate” the markets and try to soothe nervous investors by sending out a cautious message about further tightening next year. Such a move would likely boost global stock markets, which posted sharp losses in early December, after hawkish remarks from Fed Chair Jerome Powell. Investors will be combing through the rate statement, which should be considered a market-mover..
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,323.66 with a loss of -1.49% percent or ?351.98 point. The S&P 500 is trading at 2,506.96 with a loss of -1.54% percent or -39.20 point. The Nasdaq Composite is trading at 6,636.83 with a loss of -2.17% percent or -147.08 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,392.58 with a loss of -2.84% percent or -595.34 point. Hong Kong’s Hang Seng is trading at 25,585.37 with a loss of -1.08% percent or -280.02 point. China’s Shanghai Composite is trading at 2,536.27 with a loss of -0.52% percent or -13.30 point. India’s BSE Sensex is trading at 36,375.02 with a loss of -0.30% percent or -109.31 point at 12:15 PM.