The DAX Futures is trading at 11,218.50 with a loss of -0.05% percent or -5.10 point.The FTSE 100 Futures is trading at 6,884.80 with a loss of -0.09% percent or -5.90 point. The CAC 40 Futures is trading at 4,981.50 up with +1.14% percent or +56.00 point. The EURO Stoxx 50 Futures trading at 3,165.50 up with +0.19% percent or +6.00 point.
TODAY’S FACTORS AND EVENTS
The eurozone economy has slowed in recent months, and Germany has not been immune to softer numbers. There was positive news on Wednesday, as German GfK Consumer Confidence estimating a score of 10.8 for February, higher than the revised reading of 10.5 points for January. The well-respected GfK projected that consumer spending would climb 1.5% in 2019, but warned that a further escalation in the global trade dispute would hurt consumer spending. Last week, German Ifo Business Climate dipped to 99.1, below the 100-level for the first time since 2010. There was also grim news from the manufacturing front, as German manufacturing PMI slipped to 49.9, falling into contraction territory for the first time since 2013.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,014.86 up with +1.77% percent or +434.90 point. The S&P 500 is trading at 2,681.05 up with +1.55% percent or +41.05 point. The Nasdaq Composite is trading at 7,183.08 up with +2.20% percent or +154.79 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,773.49 up with +1.06% percent or +216.95 point. Hong Kong’s Hang Seng is trading at 27,925.64 up with +1.02% percent or +282.79 point. China’s Shanghai Composite is trading at 2,583.37 up with +0.30% percent or +7.79 point. India’s BSE Sensex is trading at 35,983.26 up with +1.10% percent or +392.01 point at 12:15 PM.