The DAX Futures is trading at 12,025.00 up with +0.70% percent or +83.50 point.The FTSE 100 Futures is trading at 7,304.80 up with +0.66% percent or +47.80 point. The CAC 40 Futures is trading at 5,328.47 up with +0.95% percent or +50.05 point. The EURO Stoxx 50 Futures trading at 3,360.00 with +0.87% percent or +29.00 point.
TODAY’S FACTORS AND EVENTS
The ECB winds up its monthly policy meeting on Today. With policymakers expected to hold rates at 0.00%, investors will be focused on the policy statement, and follow-up comments from Mario Draghi. Traders should be prepared for a dovish stance at Draghi’s post-meeting press conference. Will the ECB inject some stimulus measures to boost eurozone inflation? Mario may announce that the ECB will pay banks to borrow funds from the central bank, if the funds are passed on to consumers and small businesses. The ECB will also provide new outlooks for inflation and growth. In March, the ECB forecast GDP at 1.1% and inflation at 1.2% in 2019. Will the bank revise the upcoming forecast upwards? If so, investors could respond with a thumbs-up and drive the euro higher.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,720.66 up with +0.71% percent or +181.09 point. The S&P 500 is trading at 2,843.49 up with +0.61% percent or +17.34 point. The Nasdaq Composite is trading at 7,615.55 up with +0.53% percent or +40.08 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,884.71 up with +0.53% percent or +110.67 point. Hong Kong’s Hang Seng is trading at 26,965.28 up with +0.26% percent or +69.84 point. China’s Shanghai Composite is trading at 2,827.80 with a loss of -1.17% percent or -33.62 point. India’s BSE Sensex is trading at 39,504.25 with a loss of -0.064% percent or -25.47 point at 12:15 PM.