Trump euphoria taking a rain check? Nasdaq 100 futures slip

As the morning has unfolded and the European stock markets remain camped in the red, the US futures have turned lower too. The DAX has not appreciated that ZEW data either and the FTSE 100 is below 8,050 right now. At the same time, the US equity futures are not so ebullient and all three major indexes are in the red right now. The S+P 500 is pricing an opening below 5,990, but it is the Nasdaq 100 that is leading the downside in percentage terms just now. The index was the weakest of the three majors yesterday and the only one not to set a record close too. The Nasdaq 100 ended 10 points lower, at 21,106. Right now the futures are indicating a reopening closer to the 21k handle. The index is currently priced to reopen at around 21,030 and perhaps it is a case of the Trump trade just running out of steam? We shall probably get a better handle on that when live trading resumes. There is only one US economic release of note to and that is the NFIB small business optimism index, due shortly at 11am GMT