The DAX Futures is trading at 13,105.50 up with +0.10% or +13.00 point.The FTSE 100 Futures is trading at 6,203.50 with a loss of  -0.47% percent or -29.00  point. The CAC 40 Futures is trading at 5,053.50 with a loss of -0.91% percent or -46.50 point. The EURO Stoxx 50 Futures trading at 3,372.00 with a loss of -0.27% percent or -9.00 point.

TODAY’S FACTORS AND EVENTS

After four days of negotiations, EU leaders reached a far-ranging deal on the COVID stimulus package that is almost even;y divided between grants and loans. The news helped to lift risk sentiment with equity indices trading higher by nearly 1% in morning European dealing.

The EU deal will provide 750B EUR of the stimulus with 390B of that in grants and 360B in loans creating a wealth transfer mechanism for EU members hit hardest by the pandemic. The size and scope of the deal are historic and open the way for greater federalism within the union which could make Europe a more integrated market and stronger economic competitor on the global stage.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,115.19 with a loss of -0.43%percent or –56.64 point.the FTSE 100 closed at 6,235.38 with a loss of –0.55% percent or –34.35  point. France’s CAC  40 closed at 5,061.44 with a loss of –0.84% percent or –42.84  point.

WORLD MARKETS

For the day the Dow is trading at 26,840.40  up with +0.60% percent or +159.53 point. The S&P 500 is trading at 3,257.30 up with +0.17% percent or +5.46 point. The Nasdaq Composite is trading at 10,680.36 with a loss of -0.81% percent or -86.73 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,751.61 with a loss of –0.58% percent or –132.61 point. Hong Kong’s Hang Seng is trading at 25,118.28 with a loss of –2.02% percent or –517.38  point. China’s Shanghai  Composite is trading at 3,333.16 up with +0.37% percent or +12.27 point. India’s BSE Sensex is trading at 37,772.33  with a loss of -0.42% percent or –158.00   point at 12:15 PM.