Stock index futures across Europe, the Americas and Asia varied widely on Monday, as traders in different nations assessed the impact of potential further bailouts in the European Union.
On a less macroeconomic level, online spending slipped after a record-setting $1.028 billion haul on Cyber Monday and several subsequent days above $850 million, according to research firm comScore.
Nasdaq 100 index futures rose 4.75 points to 2,192, while S&P 500 index futures slipped 0.75 points to 1,223.3 at 10:25 a.m. EST. Dow Jones Industrial Average index futures were up 5 points to 11,369.
In Europe, the DJ Euro Stoxx 50 index futures dropped 15 points to 2,772. FTSE 100 index futures climbed 24.5 points to 5,778 and German DAX index futures gained 6 points to 6,959.
Asia performed more poorly – Nikkei 225 index futures lost 30 points to 10,150 at 9:30 a.m. EST. Brazilian Bovespa index futures slipped 172.42 to 695.93.67 at 10:55 a.m. EST.
"Ahead of a meeting of European finance ministers today, disagreement still reigns amongst the group of what steps next to take with the size of the current facility and what to do with future debt restructurings," Peter Boockvar, equity strategist at Miller Tabak, wrote in a note reported by Dow Jones Newswires.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.