CAC 40 Turns Negative Despite Positive Start
European indices trading mixed today as the Wall Street indices register record high on Friday and Asian equities also finished in positive foot. Investor’s attention will turn to earnings reports this week. As of writing the DAX 30 is 0.25 percent higher at 12,353, after German Economy Ministry said that the Industrial activity remains sluggish as foreign demand falls and current data points to slower growth in the services sector. The CAC 40 in Paris is 0.07 percent lower at 5,568.
In London the FTSE 100 is 0.17 percent higher at 7,518, after the data released earlier showed that China’s economic growth eased to its weakest pace in 27 years in the 2Q. Gross domestic product rose 6.2%, down from 6.4% growth in the first 1Q of the year but in line with analyst’s forecasts.
In Wall Street, the futures trading higher, the Dow futures are 0.12 percent higher at 27,337 while the S&P futures are 0.11 percent higher at 3,019, signaling a positive start for U.S. equities. Equity traders will focus on Q2 earnings, starting later today.Don’t miss a beat! Follow us on Twitter.
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