The CAC 40 Futures is trading at 4,957.00 with a loss of -0.26% percent or -13.00 point. The FTSE 100 Futures is trading at 5,911.20 with a loss of -0.28% percent or -16.80 point. The DAX Futures is trading at 12,937.80 up with +0.12% or +0.12% point. The EURO Stoxx 50 Futures trading at 3,258.00 with a loss of -0.31% percent or -10.00 point.
TODAY’S FACTORS AND EVENTS
The French-based car rental firm said on Tuesday it’s seeking talks with creditors on restructuring its debts, in an effort to stop following its larger and more famous peer Hertz into bankruptcy.
Europcar stock fell as much as 30% on the news, while its bonds due in 2024 and 2026 fell as much as 13 points, to trade around 37% of face value. If that’s all the bondholders think their investment is worth, then current shareholders, first and foremost French investment firm Eurazeo (PA:EURA) – are looking at a very negative outcome.
For the day France’s CAC 40 closed at 4,973.52 with a loss of – percent or –80.20 point.the FTSE 100 closed at 5,930.30 with a loss of – percent or ?7.10 point. Germany’s DAX closed at 12,968.33 with a loss of –percent or –131.95 point.
For the day the Dow is trading at 27,500.89 with a loss of – percent or –632.42 point. The S&P 500 is trading at 3,331.84 with a loss of – percent or –95.12 point. The Nasdaq Composite is trading at 10,847.69with a loss of – percent or –465.44 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,032.54 with a loss of percent or –241.59 point. Hong Kong’s Hang Seng is trading at 24,351.00 with a loss of – percent or ?273.34 point. China’s Shanghai Composite is trading at 3,254.63 with a loss of – percent or –61.79 point. India’s BSE Sensex is trading at 38,084.61 with a loss of – percent or ?280.74 point at 12:15 PM.