The DAX Futures is trading at 10,499.50 with a loss of -0.94% percent or -100.00 point.The FTSE 100 Futures is trading at 6,609.00 with a loss of -0.97% percent or -64.50 point. The CAC 40 Futures is trading at 4,621.00 with a loss of -1.04% percent or -48.60 point. The EURO Stoxx 50 Futures trading at 2,952.00 with a loss of -1.17% percent or -35.00 point.
TODAY’S FACTORS AND EVENTS
the markets were predicting a “rate hike every quarter” for 2019, but the Fed has made a U-turn in monetary policy, as policymakers respond to economic data which is pointing to slower growth. The policy of gradual rate hikes bears much of the responsibility for the volatility in the markets, and the message from the Fed that more hikes are coming will likely mean that the volatility will continue in December and into the New Year.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 21,792.20 with a loss of -2.91% percent or -653.17 point. The S&P 500 is trading at 2,351.10 with a loss of -2.71% percent or -65.52 point. The Nasdaq Composite is trading at 6,192.92 with a loss of -5.14% percent or -335.49 point.
In other parts of world, Japan’s Nikkei 225 is trading at 19,327.06 up with +0.89% percent or +171.32 point. Hong Kong’s Hang Seng is trading at 25,651.38 with a loss of -0.40% percent or -102.04 point. China’s Shanghai Composite is trading at 2,504.44 with a loss of -0.015% percent or -0.38 point. India’s BSE Sensex is trading at 35,254.92 with a loss of -0.61% percent or -215.23 point at 12:15 PM.
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