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Futures Indicate a Flat Open on Wall Street

Stock futures across Europe are mixed, with France's CAC-40 modestly outperforming, but countered by weakness across Spanish and Italian equities. US futures are largely, indicating an uneventful open on Wall Street later today. The S&P E-Minis trend condition remains bearish and price once again traded lower yesterday. The contract has recently cleared the 50-day EMA. This reinforces the bearish theme and signals scope for a continuation lower.
  • Japan's NIKKEI 225 closed up 634.98 pts or +2.31% at 28065.28 and the TOPIX ended 41.97 pts higher or +2.19% at 1957.62. China's SHANGHAI COMP closed down 10.708 pts or -0.33% at 3235.586 and the HANG SENG ended 189.68 pts lower or -1% at 18854.62.
  • Across Europe, the German DAX down 4.77 pts or -0.04% at 12907.32, FTSE 100 up 20.42 pts or +0.28% at 7257.85, CAC 40 up 10.62 pts or +0.17% at 6114.28 and Euro Stoxx 50 up 1.59 pts or +0.05% at 3502.66.
  • In US futures space, Dow Jones mini down 17 pts or -0.05% at 31564, S&P 500 mini up 1 pts or +0.03% at 3975.75, NASDAQ mini up 6.5 pts or +0.05% at 12268.
MNI London Bureau | +44 203-865-3809 |

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