Stock futures in the United States are in the green today in pre-market trading as investors pile in to pick up bargains. Many investors are looking to pick up stocks on the cheap just as earnings season gets going.
Over in Europe, investor attention is focused on the European Central Bank and the Turkish Central Bank. Investors will try to glean where monetary policy is headed in the coming months.
Asian stocks tumbled hard today as investors were shell-shocked from the losses in the US session the previous day. A couple of the notable moves across Asia today:
- Japan’s NIKKEI 500 Index fell 3.47%;
- The Shanghai Composite Index was flat;
- Hong Kong’s Hang Seng Index dropped 1.01%;
- South Korea’s KOSPI Index fell 1.63%;
- India’s SENSEX traded down 1.01%;
European stock markets faired better as investors focused their attention on central bank policy. A look at some of Europe’s top indices shows:
- London’s FTSE Index is trading sideways;
- The German DAX Index is up 0.42%;
- The FTSE Italia All Shares Index jumped 1.57%;
- The French CAC 40 Index is up 1.21% at the open.
European stock markets will continue to focus on issues within their own markets such as the Brexit negotiations and the Turkish Lira Crisis. Additionally, European investors are keeping a close eye on developments in Italy as investors have become fearful of potential anti-EU measures by the new government.
US Futures Are Trading Higher in Pre-Market Action
The U.S. stock market is up in pre-market trading. Specifically, the NASDAQ and the S&P 500 futures are up 1.46% and 0.74%, respectively.
Finally, investors will continue to take their cues from the news cycle heading. Indeed, any new developments in the Trump legal morass or global trade disputes could see it drive markets in either direction.