The DAX Futures is trading at 13,227.00 with a loss of -0.06% percent or -8.30 point.The FTSE 100 Futures is trading at 7,294.50 with a loss of -0.16% percent or -12.00 point. The CAC 40 Futures is trading at 5,926.50 with a loss of -0.03% percent or -2.00 point. The EURO Stoxx 50 Futures trading at 3,702.00 with a loss of -0.05% percent or -2.00 point.
TODAY’S FACTORS AND EVENTS
The European majors ended the week on a high note last week, with the CAC40 rising by 0.65% to lead the way. For the DAX30 and EuroStoxx600, the pair saw more modest gains of 0.47% and 0.06% respectively.
The trade war pendulum swung back in favor of the bulls at the end of the week, supporting the upside on the day.
News from the U.S administration of the U.S and China edging closer to a phase 1 agreement provided the support on the day.
White House economic advisor Kudlow had spoken on Thursday, saying that they were getting close to a phase 1 agreement. The news was in contrast, however, to reports from China, where Beijing continued to call for a removal of the existing tariffs.
For the day Germany’s DAX closed at 13,241.75 up with +0.47% percent or +61.52 point. the FTSE 100 closed at 7,302.94 up with +0.14% percent or +10.18 point. France’s CAC 40 closed at 5,939.27 up with 0.65% percent or +38.20 point.
For the day the Dow is trading at 28,004.89 up with +0.80% percent or +222.93 point. The S&P 500 is trading at 3,120.46 up with +0.77% percent or +23.83 point. The Nasdaq Composite is trading at 8,540.83 up with +0.73% percent or +61.81 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,416.76 up with +0.49% percent or +113.44 point. Hong Kong’s Hang Seng is trading at 26,694.17 up with +1.40% percent or +367.51 point. China’s Shanghai Composite is trading at 2,909.20 up with +0.62% percent or +17.86 point. India’s BSE Sensex is trading at 40,331.58 with a loss of –0.062% percent or –25.11 point at 12:15 PM.