- Summary:
- Dow Jones futures trade lower today as investors get nervous ahead of the December 15th deadline for the new tariffs on Chinese products
Dow Jones futures trade lower today as investors get nervous ahead of the December 15th deadline for the new tariffs on Chinese products and despite President Trump’s comments that negotiations with China “are going well”. Investors will keep an eye on Feds monetary policy meeting for fresh cues on their policy stance in the new year.
In Europe, the Germany ZEW Survey for Economic Sentiment turned positive and came in at 10.7 beating expectations of 0 in December, which is the highest level in 21 months. The ZEW Current Situation came in at -19.9, also topping forecasts of -22.3.
UK GDP at 0.0% Below Consensus
From UK the GDP was flat in the third quarter while the Industrial Production (year over year) came in at -1.3% below forecasts of -1.2% in October, the monthly reading came in at 0.1%, below consensus of 0.2%. The UK Manufacturing Production came in at 0.2% topping expectations of 0% in October.
The Nasdaq futures are 0.40% lower at 8,322 close to daily low, the Dow Jones futures trading 0.37% lower at 27,798, the S&P 500 futures gives up 0.31% at 3,125.
European indices are under pressure, the DAX index makes fresh five-month lows at 12,919, the CAC 40 is 0.82% lower at 5,788 while the FTSE 100 in London gives up 0.87% at 7,171 as the GBPUSD trades at 1.3173 close to seven-month highs.
Asian stocks finished lower; the Singapore Straits Times Index ended 0.53% lower at 3,162, the Nikkei 225 finished 0.09% lower at 23,410; the Hang Seng finished 0.22% lower at 26,436.
Gold prices trade higher ahead of Fed meeting while Crude oil consolidates close to three-month highs.
In crypto market, the Bitcoin stays above $7,300 as regulators ramp up crypto taxation. ETHUSD trades 0.16% lower at 147.13 and Litecoin trades 0.07% higher at 44.47.
Forex Markets
In forex markets, GBPUSD continues higher adding 0.29% at 1.3174 close to seven-month highs. The EURUSD trades 0.13% higher at 1.1077 and AUDUSD is 0.29% lower at 0.6803. USDZAR soars as massive power cuts in South Africa hit Rand.