This morning, the S&P 500 Index e-mini futures (ES-U2) are trading higher by 5.50 points to 1376.00 per contract. Every trader and investor is waiting for the details released by the European Union President Mario Draghi on how he is going to save the European Union. Traders should simply watch the U.S. Dollar Index very closely as that will dictate the move in the stock market. Remember, the major stock indexes around the world will usually trade inverse to the U.S. Dollar Index. Earlier today, the European Central Bank, and the Bank of England both kept their key interest rates unchanged.
Traders should expect all of the leading European equities to be very volatile today. Some leading European equities that could be in play today include ProShares UltraShort MSCI Europe ETF(NYSEARCA:EPV), Banco Santander, S.A. (ADR) (NYSE:SAN), National Bank of Greece (ADR) (NYSE:NBG), and the Bank of Ireland (ADR) (NYSE:IRE). This trading session could certainly be pivotal for the major stock indexes.
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Can Draghi Save the Day?
Published 08/02/2012, 09:52 AM
Updated 07/09/2023, 06:31 AM
Can Draghi Save the Day?
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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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