Due to Friday closure of Wall Street and US benchmarks the futures stayed at the high territory without any significant moves. So, today we take a short look at Asian and European updates. In Europe stocks fell a bit after the biggest weekly rally since March. After the German industrial production data this morning which missed the expectations and spurred worries that Europe’s economic engine is losing steam. The losses came after data showed industrial production in Germany dropped 1,8%, marking the biggest monthly slide since April 2012. This morning all Europaen indices are slightly in a negative territory, but that is really a modest consolidation.
In a technical perspective the DAX still consolidating a narrow wide range of 10,000 and 9,900. We would be bullish again if the market will take the resistance level at 10,000 out.
- FTSE 100 6,852 -11 -0.16%
- DAX 9,988 -27 -0.27%
- CAC 40 4,452 -19 -0.42%
The Asian markets details:
- Nikkei 225 15,379 -58 -0.38%
- Hang Seng 23,541 -5 -0.02%
Hong Kong stocks seesawed between small gains and losses Monday morning, without the U.S. markets indication. The Hang Seng Index 0,02% is absolutely flat.
Today it seems all indices pretty quiet and till US opening we don’t expect any volatility.
The BFM Assets Team.
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