Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Thomas Hughes
S&P 500

The U.S. Futures Are Flat In Early Trading

The U.S. futures are indicating a flat open in early trading as the indices wobble over and under the break-even level. Although the fear of fallout from Soleiman’s killing has lessened the geopolitical risk remains. Now, traders are waiting for Iran’s response, a retaliation that could send the entire Mideast into an all-out war. Oil and gold prices are in decline along with risk-off sentiment but again, the risk of geopolitical fallout remains high.

In stock news, shares of Pier One Imports are down another 12% in today’s trading after the company reported earnings on Monday. The beleaguered retailers reported a stunning miss on both the top and bottom lines that threaten to send the company into bankruptcy. On the top line, revenue fell more than -13% while the company’s net loss widened to -$14.15 per share. The company also announced the closure of 450 stores and cancelations for the bulk of its orders for the 1st quarter of the year. Later in the week, traders will be on alert for reports from a swath of retailers that may also miss expectations.

In economic news, the U.S. trade deficit shrank more than expected to a multi-year low. The news is perhaps a confirmation the Phase One Trade Deal will be signed next week.


European Markets Rebound On Tuesday

The European markets are broadly higher on Tuesday as indices rebound from Monday’s losses. The German DAX is in the lead with a gain of 0.76% while the CAC and FTSE trail at 0.30% and 0.20%. On a sector basis, tech leads with an average gain of 1.5% but all sectors are moving higher.

In stock news, shares of Aston Martin are moving sharply lower after the company issued a profit warning. Shares of the stock are down more than -8.0% on the news.  UK retailer Marks & Spencer, Nokia, and Pandora are all up 3.0% to 4.0% in early trading.

Asian Market Move Higher, Japan Leads

Asian markets ended the day higher following weakness on Monday. The Japanese Nikkei is in the lead with a gain of 1.60% while the Australian ASX is a close second. Indices in China and Korea were less buoyant but still finished the day with solid gains. The move is driven by a reduction in fear and declining oil prices but risk to the market remains. Autos are among the region’s top gainers with advances in the range of 1.75% to 3.0%.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.