The DAX Futures is trading at 12,088.80 up with +0.25% percent or +30.10 point. The FTSE 100 Futures is trading at 7,314.00 up with +0.36% percent or +26.00 point. The CAC 40 Futures is trading at 5,322.50 up with +0.46% percent or +24.50 point. The EURO Stoxx 50 Futures trading at 3,362.00 up with +0.48% percent or +16.00 point.
TODAY’S FACTORS AND EVENTS
The DAX index posted strong gains last week, climbing 1.49%. However, the index has reversed directions on Monday and posted sharp losses. Risk appetite soured on Friday, after President Trump issued an executive order to blacklist Huawei, a Chinese telecom company. Last week, Trump issued a moratorium on tariffs against European automakers, but investors remain wary. German automaker listings have posted sharp losses on Monday – BMW is down 2.03%, Daimler has fallen 1.60% and Volkswagen (DE:VOWG_p) has declined 1.22%. With U.S.-China talks on hold, traders should be prepared for more swings this week.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 25,679.90 with a loss of -0.33% percent or -84.10 point. The S&P 500 is trading at 2,840.23 with a loss of -0.67% percent or -19.30 point. The Nasdaq Composite is trading at 7,702.38 with a loss of -1.46% percent or -113.91 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,272.45 with a loss of -0.14% percent or -29.28 point. Hong Kong’s Hang Seng is trading at 27,753.00 with a loss of -0.12% percent or -34.61 point. China’s Shanghai Composite is trading at 2,907.55 up with +1.29% percent or +36.94 point. India’s BSE Sensex is trading at 39,407.05 up with +0.14% percent or +54.38 point at 12:15 PM.
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