European Futures in red before ECB meeting: Market Summary
MarketsFN Team
DAX futures is down 0.38% at 16,262.00 while the CAC40 in Paris is losing 0.39% at 7,314.20 . American futures also in negative territory with the S&P500 down 0.11% at 4,367.60 and Nasdaq futures losing 0.15% to 14,982.8.
The Nikkei225 closed almost unchanged in Tokyo at 33,485.49 and the Hang Seng in Hong Kong is rallying 1.67% to 19,730.
In the FX market divergence between NZD and AUD, AUD/USD up 0.34% at 0.6819 while NZD/USD trading at 0.6188, losing 0.3%. EUR/USD trading at 1.0813 USD/JPY at 141.35 . BTC/USD below 25,000 at 24,900.
Gold is showing weakness at 1,933.28 , -0.43% and Crude Oil is off its intraday low at 68.59 $/barrel.
The Federal Reserve kept unchanged FED funds rates and gave indications that rate hiking should continue with a possible two more rate increase by the end of the year.
Chinese Retail sales for May below the consensus at 12.7% vs 13.6%. Slightly below the expectations also Industrial Production with a 3.5% vs 3.6%.
Today not only ECB rates decision but also US Retail Sales data before the opening of the cash session.
