Nasdaq 100 futures seesaw around the unchanged level as investors are digesting the all-time highs and looking for the catalyst that will drive the stocks higher. The party that started the last week after the Phase One deal and Boris Johnson clear victory in UK election will soon come to an end.
Economic data from the U.S. are coming better than expectations. The United States Housing Starts Change came down to 3.2% in November from the previous 3.8%. The Building Permits Change dropped from the last 5% to 1.4%. The Building Permits came in at 1.482M above estimates of 1.41M in November.
The Dow Jones futures are 0.04% higher at 28,293, the Nasdaq 100 futures trading 0.03% higher at 8,608, while the S&P 500 futures is 0.02% higher at 3,196.
European Shares Turn Positive on Upbeat Economic Data
European indices started the daily lower but as of writing the stock indices turned positive. The CAC 40 is 0.02% higher at 5,969. The FTSE 100 in London is 0.09% higher at 7,532 as the GBPUSD correction continues below the 1.31 mark. The DAX index is 0.05% lower at 13,254, despite stronger Ifo figures. The Germany Ifo business climate index for December came in at 96.3 beating expectations of 95.5. The IFO-Current Assessment came in at 98.8 also above estimates of 98.1. The IFO – Expectations came in at 93.8, topping estimates of 93 in December.
Bitcoin trades lower for third day in a row and now bears targeting the $6,500 mark. ETHUSD also trades lower giving up 1.31% at 120.16, Litecoin (LTCUSD) trades 1.22% lower at $36.56 as traders continue to dump cryptocurrencies amid the PlusToken scandal.