The CAC 40 Futures is trading at 5,412.50 up with +0.89% percent or +48.00 point .The FTSE 100 Futures is trading at 7,389.50 up with +0.86% percent or +63.00 point. The DAX Futures is trading at 12,570.50 up with +0.47% percent or +59.00 point . The EURO Stoxx 50 Futures is trading at 3,447.00 up with +0.15% percent or +5.00 point.
TODAY’S FACTORS AND EVENTS
The CAC index continues to head higher and at its highest level since January 29. Currently, the CAC is trading at 5464 points, up 0.24% on the day. On the release front, key French indicators looked sluggish. GDP dropped to 0.3% in the first quarter, down from 0.6% in Q4 of 2017. This missed the estimate of 0.4%. Consumer data was even worse. Consumer spending fell from 2.4% to o.1%, short of the forecast of 0.4%. Preliminary CPI also dropped sharply, falling from 1.0% to 0.1%, which matched the estimate. In the US, Advance GDP is expected in at 2.0%.
For the day the Dow is trading at 24,322.34 up with +0.99% percent or +238.51 point. The S&P 500 is trading at 2,666.94 up with +1.04% percent or +27.54 point. The Nasdaq Composite is trading at 7,118.68 up with +1.64% percent or +114.94 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,467.87 up with +0.66% percent or +148.26 point. Hong Kong’s Hang Seng is trading at 30,221.74 up with +0.71% percent or +214.06 point. China’s Shanghai Composite is trading at 3,081.00 up with +0.19% percent or +5.97 point. India’s BSE Sensex is trading at 34,952.32 up with +0.69% percent or +238.72 point at 12:15 PM.