Stock Futures Levitate, European Equities Strong Overnight

ESH5 vs FESXH5

ESH5 vs FESXH5

Euro Stoxx 50 Futures exploded last night in response to very strong numbers from the German IFO. This carried S&P 500 index futures up with them, extending the gains we saw after the FOMC dropped “considerable time” from its statement but said it could still be patient in raising interest rates. Tonight we have the BOJ decision so be on the lookout for any change in tone from Japan as the markets are almost entirely central bank dependent at this point. 

Categories: Markets

Tagged as: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s