The DAX Futures is trading at 11,565.50 with a loss of -0.36% percent or -41.80 point. The FTSE 100 Futures is trading at 7,064.00 with a loss of -82.50 percent or -7,064.00 point. The CAC 40 Futures is trading at 5,296.00 up with +0.50% percent or +26.50 point. The EURO Stoxx 50 Futures trading at 3,238.00 with a loss of -0.34% percent or -11.00 point.
TODAY’S FACTORS AND EVENTS
The DAX is steady in the Wednesday session. On the release front, eurozone industrial production was better than expected. The indicator jumped 1.4%, above the estimate of 1.0%.
The Brexit drama is in high gear this week, and investors are closely monitoring developments. On Tuesday, parliament again rejected the government’s withdrawal proposal by a huge margin, despite extensive lobbying by Prime Minister May. Many conservative lawmakers remain skeptical about the Irish backstop proposal, suspicious that the provision will prevent Britain from departing from the European Union. The action continues, with parliament voting on a no-deal Brexit on Wednesday. If this proposal is rejected, lawmakers would vote on Thursday on a request to extend Article 50, the mechanism for Brexit. However, it’s far from clear how long the delay would last, or if the E.U. would agree to an extension. Markets are allergic to uncertainty, and the chaos surrounding Brexit could trigger some volatility in European markets in the second half of the week.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,702.89 with +0.58% percent or +148.23 point. The S&P 500 is trading at 2,810.92 up with +0.69% percent or +19.40 point. The Nasdaq Composite is trading at 7,643.41 up with +0.69% percent or +52.37 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,287.02 with a loss of -0.015% percent or -3.22 point. Hong Kong’s Hang Seng is trading at 28,755.70 with a loss of -0.18% percent or -51.75 point. China’s Shanghai Composite is trading at 2,977.92 with a loss of -1.62% percent or -49.03 point. India’s BSE Sensex is trading at 37,753.22 up with +0.0028% percent or +7.55 point at 12:15 PM.