The DAX Futures is trading at 13,058.00 up with +0.06% percent or +8.30 point.The FTSE 100 Futures is trading at 7,169.00  with a loss of -0.23% percent or -16.80 point. The CAC 40 Futures is trading at 5,757.00 with a loss of -0.43% percent or -25.00 point.  The EURO Stoxx 50 Futures trading at 3,626.00 with +0.00% percent or +0.00  point.

TODAY’S FACTORS AND EVENTS

The DAX 30 fell from an area of technical confluence on today – a zone it had straddled for the entirety of November. Now, the German equity index is looking for secondary support beneath as it looks to consolidate October’s gains after erasing the majority of November’s in a single session. Last week, I cautioned that further consolidation may be necessary and highlighted horizontal support around 12,800 as an area of importance. Trading at 13,000 flat at the time of this article’s publication, 12,900 could prove to be the index’s next target if bearishness continues, but the conviction of the initial move suggests that further selling could be afoot.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 12,989.29  with +0.19% percent or +24.61 point.the FTSE 100 closed at 7,158.76 with a loss of –1.75% percent or –127.18 point. France’s CAC  40 closed at 5,727.22 with a loss of –1.03% percent or –59.52 point.

WORLD MARKETS

For the day the Dow is trading at 27,502.81 with a loss of –1.01% percent or –280.23 point. The S&P 500 is trading at 3,093.20  with a loss of –0.66% percent or –20.67 point. The Nasdaq Composite is trading at 8,520.64 with a loss of –0.55% percent or –47.34 point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,135.23 with a loss of –1.05% percent or –244.58 point. Hong Kong’s Hang Seng is trading at 26,119.56 with a loss of –1.03% percent or –271.74 point. China’s Shanghai Composite is trading at 2,877.76 with a loss of –0.26% percent or –7.53 point. India’s BSE Sensex is trading at 40,601.31 with a loss of –0.18% percent or –74.14  point at 12:15 PM.