Dow Jones futures trade unchanged in premarket as traders digest the dovish statement from Fed chair Jerome Powell while the ECB statement added nothing new to the policy outlook. Investors focus now turn to trade negotiations between the two superpowers as we are getting close to the December 15th deadline for the new tariffs on Chinese products.
In Europe, the European Monetary Union Industrial Production s.a. (month over month) came in at -0.5% in line with forecasts for October, the yearly reading came in at -2.2% beating forecasts of -2.3% in October. Yesterday the Germany ZEW Survey for Economic Sentiment turned positive and came in at 10.7 beating expectations of 0 in December, which is the highest level in 21 months. The ZEW Current Situation came in at -19.9, also topping forecasts of -22.3.
The S&P 500 futures are 0.01% higher at 8,143, the Dow Jones futures trading 0.03% lower at 27,914, while the Nasdaq futures gives up 0.01% at 3,143.
In the cryptocurrency markets, the Bitcoin is under pressure today at $7,172, on the other hand Ethereum trades 0.56% higher at 142.98 and Litecoin trades 0.16% higher at $43.70.
In forex markets, GBPUSD retreats today from seven-month highs, giving up 0.27% at 1.3159. The EURUSD trades 0.16% higher at 1.1145 as U.S Dollar weakens while AUDUSD is 0.26% higher at 0.6893. USDTRY slumps and rebounds after CBRT cut rates to 12%.