The DAX Futures is trading at 12,903.80 up with +0.37% or +48.20 point. The FTSE 100 Futures is trading at 6,244.00 up with +0.33% percent or +20.50 point. The CAC 40 Futures is trading at 5,086.20 up with +0.02% percent or +1.20 point. The EURO Stoxx 50 Futures trading at 3,364.00 up with +0.18% percent or +6.00 point.
TODAY’S FACTORS AND EVENTS
Stocks across the Continent finished slightly lower but off their session lows after the European Central Bank signalled that monetary stimulus was still needed given the downside risks to the economy.
In her press conference following the ECB’s policy announcement, the head of the central bank, Christine Lagarde, said that:”actual and expected job and income losses and the exceptionally elevated uncertainty about the evolution of the pandemic and the economic outlook continue to weigh on consumer spending and business investment.”
Even though China’s GDP surprised to the upside, clearly showing a return to growth for the Asian nation in the second quarter, June retail sales disappointed, showing the contraction on this metric had deepened. As the first country to have restarted their economy after the coronavirus breakout, China’s data may be viewed as a bellwether for the global economy.
For the day the Dow is trading at 26,734.71.10 with a loss of -0.50% percent or -135.39 point. The S&P 500 is trading at 3,215.57 with a loss of –0.34% percent or -10.99 point. The Nasdaq Composite is trading at 10,473.83 with a loss of -0.73% percent or -76.66 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,696.42 with a loss of –0.32% percent or –73.94 point. Hong Kong’s Hang Seng is trading at 25,126.91 up with +0.63% percent or +156.22 point. China’s Shanghai Composite is trading at 3,214.13 up with +0.13% percent or +4.03 point. India’s BSE Sensex is trading at 36,731.63 up with +0.71% percent or +259.95 point at 12:15 PM.