The DAX Futures is trading at 12,346.20 with +0.00% percent or +0.20 point.The FTSE 100 Futures is trading at 7,386.80 with a loss of -0.08% percent or -6.20 point. The CAC 40 Futures is trading at 5,522.00 with a loss of -0.03% percent or -1.50 point. The EURO Stoxx 50 Futures trading at 3,436.00 with 0.00% percent or 0.00 point.
TODAY’S FACTORS AND EVENTS
A strong, above-forecast print for Q1 GDP helped US indices advance on Friday. European bourses found support after Fitch maintained Italy’s sovereign rating while oil prices fell after Trump said he’d asked OPEC to increase supply. Japanese markets are closed all week.
- The Germany30 index rebounded on Friday, encouraged by moves on Wall Street and Fitch’s move to maintain Italy’s sovereign rating at BBB, but with a negative outlook.
- The index is hovering near seven-month highs and the 55-day moving average looks poised to cross above the 200-day moving average later this week. This may be interpreted as a longer-term bullish signal.
- There is a slew of eurozone confidence indicators scheduled today. The one likely having the most impact could be consumer confidence, which is seen steady at -7.9 in April.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,543.33 up with +0.31% percent or +81.25 point. The S&P 500 is trading at 2,939.88 up with +0.47%percent or +13.71 point. The Nasdaq Composite is trading at 8,146.40 up with +0.34% percent or +27.72 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,258.73 with a loss of -0.22% percent or -48.85 point. Hong Kong’s Hang Seng is trading at 29,813.54 up with +0.70% percent or +208.53 point. China’s Shanghai Composite is trading at 3,060.51 with a loss of -0.84% percent or -25.89 point. India’s BSE Sensex is trading at 39,067.33 up with +0.87% percent or +336.47 point at 12:15 PM.