The DAX Futures is trading at 10,555.50 with a loss of -0.46% percent or -49.00 point. The FTSE 100 Futures is trading at 6,628.80 with a loss of -0.23% percent or -15.20 point. The CAC 40 Futures is trading at 4,660.80 with a loss of -2.43% percent or -116.20 point.The EURO Stoxx 50 Futures trading at 2,979.00 up with +0.18% percent or +5.50 point.
TODAY’S FACTORS AND EVENTS
Equity markets have shown plenty of volatility in December, and the Federal Reserve rate statement has shaken up the markets on Thursday. Investors had expected a rate hike, which the Fed delivered. However, there was hope for a dovish rate statement, given that the markets have been in turmoil for weeks and the U.S. economy appears to be cooling down. Instead, policymakers maintained plans to continue raising rates. Most significantly, policymakers did not remove the critical phrase “further gradual increases” from their statement. At the same time, the dot plot forecast was lowered for 2019, from three rate rises to two.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 22,859.60 with a loss of -1.99% percent or -464.06 point. The S&P 500 is trading at 2,467.42 with a loss of -1.58% percent or -39.54 point. The Nasdaq Composite is trading at 6,528.41 with a loss of -1.63% percent or -108.42 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,166.19 with a loss of -1.11% percent or -226.39 point. Hong Kong’s Hang Seng is trading at 25,683.81 up with +0.24% percent or +60.28 point. China’s Shanghai Composite is trading at 2,514.58 with a loss of -0.86% percent or -21.69 point. India’s BSE Sensex is trading at 36,074.01 with a loss of -0.98% percent or -357.66 point at 12:15 PM.