Current Futures: Dow +9.00, S&P +0.50, NASDAQ +1.00
European markets area heading higher, but despite this, S&P futures trade moved lower during the European trading hours, setting up divergence in the global market.
The S&P 500 futures are trading close to the break-even line, reversing the 9 points gained during the Asian session. Moreover, the S&P Futures started moving lower while the Asian and European equity markets were trading in the green, something that does not happen very often, ThelFB-Forex.com Trade Team noted.
Only a hand full of stocks declined in the German Dax. The worst performing sector was the carmakers, as VW is preparing to raise $5 billion by issuing new shares, something that would dilute the current shareholders’ stake. On the other hand, the financial and the industrial sectors helped the German Dax reverse an earlier decline, and advance as much as 1%.
The U.K. FTSE traded mixed on Monday, during the European sessions, as the market was surrounded by a cloud of uncertainty. Interesting enough, the financial sector was among the top gainers in the FTSE, as it happened to be in the German Dax, in the overnight Asian markets.
Overnight, the U.K. FTSE advanced 1.85 points (0.04%) to 4,574.76, while t he German Dax gained 36.70 points (0.70%) to 5,266.07.
Crude oil for August delivery was recently trading at $68.60 per barrel, higher by $0.90.
Gold for August delivery was recently trading higher by $5.40 to $956.20.
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