Stock futures in the United States are in the black today in pre-market trading as investors wade back into equity markets. This rebound is coming despite investor concerns of slowing growth in China. Indeed, Asian shares were hit pulled down by Chinese equity markets.
However, Europe started its trading day off with a tentative rebound as Italy’s sovereign credit rating was re-affirmed two notches above non-investment grade by Standard and Poor’s.
Asian stocks fell today as China’s slow down spooked investors. A couple of the notable moves across Asia today:
- Japan’s NIKKEI 500 Index fell 0.61%;
- The Shanghai Composite Index tumbled 2.18%;
- Hong Kong’s Hang Seng Index rose 0.38%;
- South Korea’s KOSPI Index fell 1.53%;
- India’s SENSEX traded jumped 2.15%;
European stock markets are up in early trading. A look at some of Europe’s top indices shows:
- London’s FTSE Index is up 1.32%;
- The German DAX Index jumped 1.65%;
- The FTSE Italia All Shares Index gained 2.44%;
- The French CAC 40 Index is up 0.26% 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 moving up in pre-market trading as investors go bargain hunting. Specifically, the NASDAQ and the S&P 500 futures are up 0.88% 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.