The DAX Futures is trading at 11,446.80 with a loss of -0.42% percent or -47.90 point. The FTSE 100 Futures is trading at 7,107.00 with a loss of -0.40% percent or -28.30 point. The CAC 40 Futures is trading at 5,252.50 with a loss of -0.66% percent or -35.00 point.The EURO Stoxx 50 Futures trading at 3,288.00 with a loss of -0.42% percent or -14.00 point.
TODAY’S FACTORS AND EVENTS
The ECB is expected to stay on the sidelines and maintain interest rates at 0.00%, where they have been pegged since March 2016. Still, the markets are expecting some dovish moves by the ECB at the policy meeting. The ECB is forecast to revise downwards its growth forecasts, and could announce fresh liquidity, so as to provide corporate borrowers with cheap credit. The eurozone economy showed some strength in the first half of 2018, which led to talk of a rate hike in the second half of 2019. However, with Germany and the eurozone in the midst of a slowdown triggered by global trade tensions, it’s unlikely that the ECB will make a rate move before 2020.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,473.23 with a loss of -0.78% percent or -200.23 point. The S&P 500 is trading at 2,748.93 with a loss of -0.81% percent or -22.52 point. The Nasdaq Composite is trading at 7,421.46 with a loss of -1.13% percent or -84.46 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,025.56 with a loss of -2.01% percent or -430.45 point. Hong Kong’s Hang Seng is trading at 28,280.93 with a loss of -1.73% percent or -498.52 point. China’s Shanghai Composite is trading at 2,978.24 with a loss of -4.13% percent or -128.18 point. India’s BSE Sensex is trading at 36,708.7 with a loss of -0.045% percent or -16.66 point at 12:15 PM.