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DAX in the driving seat again this morning?
Yesterday the major European stock markets all set lower daily closes, but with one notable exception.That was the DAX, which only narrowly avoided defeat, by closing just 7 points higher, at 16,404. The FTSE 100 and the CAC 40 closed with losses of 0.22% and 0.18% respectively. The DAX continues to feed off a cyclical recovery backdrop that has led the index ever closer to new records. Perhaps that might not be seen today though, because right now the opening vista is once again being held back by losses in the FTSE 100 and CAC 40 futures, That said, the DAX futures are not much in the red at all and it remains to be seen, if it can drag the others higher with it when live trading resumes in around 40 minutes
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
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US April ADP report misses estimates rising by only 62k- S+P 500 futures slip
The April US ADP private payroll report has just been released. As noted here earlier, the markets were looking for a lower number this month around...
