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Stock Markets Slightly Underwater Pre-Fed

EQUITIES

Continental stock markets are in minor negative territory early Wednesday, with German and Italian firms underperforming - both the DAX and FTSE-MIB sit lower by 0.6%, while Spanish firms are broadly flat, outperforming slightly today.

US futures trade just off the all time highs printed yesterday, with the index around 10 points off the 3862.25 levels seen Tuesday. There remains plenty of attention on the drama surrounding some of the most shorted stocks in the US, with in-vogue Gamestop shares higher by well over 100% ahead of the opening bell.

Earnings in focus today include Apple, Tesla, Boeing and Facebook in a busy session for reports.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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