Pre-market Update: Global Stocks Mixed As Uncertainty Remains

Global stocks are mixed as the US-China trade conflict and weak European earnings weigh on investors.  This has caused a divergence between stocks in Asia and Europe.  Asian shares rose for the most part as investors bought up bargains after yesterday’s declines.

However, this strength didn’t last into the European session where weak earnings from Lufthansa and BNP Paribas dragged down the broader market.  Moreover, the weakness in Europe is also dragging down a potential rebound in US stock futures.

A couple of the notable moves across Asia today:

  • Japan’s NIKKEI 500 Index rose 1.70%;
  • The Shanghai Composite Index gained 1.02%;
  • Hong Kong’s Hang Seng Index is down 0.91%;
  • South Korea’s KOSPI Index moved 0.93% higher;
  • India’s SENSEX traded dropped 0.52%;

European stock markets are down in early trading.  A look at some of Europe’s top indices shows:

  • London’s FTSE Index is trading sideways;
  • The German DAX Index fell 0.35%;
  • The FTSE Italia All Shares Index dropped 0.77%;
  • The French CAC 40 Index is down 0.37% 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 Slightly Higher in Pre-Market Action

The U.S. stock market is moving up in pre-market trading as investors go bargain hunting.   Specifically, the NASDAQ and the S&P 500 futures are up 0.44% and 0.48%, 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.

See more of our analysis here.

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Al Basoglu

I am a financial services professional with over a decade of experience in various roles. I've lived and worked abroad in 5 different countries while pursuing personal and professional challenges. My interests include markets, history and different cultures. I tend to weave all of my interest into my analysis and articles.