Current Futures: Dow -49.00, S&P -6.30, NASDAQ -7.00
European financial markets are closed today, as investors continue to celebrate the Easter Holiday. Asian markets managed to move higher, but on very low volume. The news that Japan announced its third stimulus package and that new loans in China grew at the fastest pace on record helped the markets stay above the break-even line.
U.S. futures also suffered from the market’s lack of volume. The futures market declined on very light volume, as some traders banked some of the recent gains. The market may continue on a similar path for the rest of the day, as the economic release calendar is clear except for the bank of Canada business outlook survey.
Overnight, the Nikkei fell 39.60 points (0.44%) to 8,924.43. The Australian S&P/Asx, German Dax and the U.K. Ftse were closed for business.
Crude oil for May delivery was recently trading at $51.25 per barrel, down by $1.10.
Gold for May delivery was recently trading up by $8.80 to $889.80.