The DAX Futures is trading at 10,936.80 up with +0.63% percent or +68.30 point.The FTSE 100 Futures is trading at 6,837.50 up with +0.51% percent or +34.50 point. The CAC 40 Futures is trading at 4,761.20 with a loss of -0.38% percent or -18.30 point. The EURO Stoxx 50 Futures trading at 3,067.50 with +0.76% percent or +23.00 point.
TODAY’S FACTORS AND EVENTS
The ongoing global trade war continues to hamper manufacturing sectors across the eurozone. Last week, industrial production in Italy fell by 1.6% in November and in France the drop was 1.3%. The alarming trend continued on Monday, as eurozone industrial production declined 1.6%. Germany, the locomotive of the bloc, is also in trouble, in which industrial production has slipped for three straight months. With the three largest economies in the eurozone showing signs of weakness, conditions may not warrant any rate increases in the foreseeable future. The ECB winded up its stimulus program last month, and had expressed plans to raise rates later this year, but this will require stronger economic conditions in the eurozone.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,909.84 with a loss of -0.36% percent or -86.11 point. The S&P 500 is trading at 2,582.61 with a loss of -0.53% percent or -13.65 point. The Nasdaq Composite is trading at +6,905.92 with a loss of -0.94% percent or -65.56 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,555.29 up with +0.96% percent or +195.59 point. Hong Kong’s Hang Seng is trading at 26,781.45 up with +1.84% percent or +83.12 point. China’s Shanghai Composite is trading at 2,570.07 up with +1.35% percent or +34.30 point. India’s BSE Sensex is trading at 36,203.42 up with +0.98% percent or +349.86 point at 12:15 PM.