This morning, the S&P 500 Index e-mini futures (ES-U3) are trading higher by 5.50 points to 1678.25 per contract. It seems that most stock futures are ticking down on the back of weaker Asian and European stock markets. All of the global markets are now closely tied together. Traders should remember that there are two negatives for the stock market, a weaker USD/JPY, and a higher yield on the 10-year U.S. Treasury Note. When that combination occurs it brings down the U.S. markets.
Last night, most of the leading Asian stock indexes traded lower on the session. The biggest loser on the session was the BSE Sensex Index (India) finishing lower by 1.42 percent. Traders should watch for weakness in the Indian ADR's (American Depository Receipts) if the U.S. markets are weak today. Some leading Indian related equities are Tata Motors Limited (ADR) (TTM), Wipro Limited (ADR) (WIT), Infosys Ltd ADR (INFY), and the India Fund, Inc. (IFN).
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Earnings & Indian ADR's In Focus Today
Published 07/25/2013, 07:48 AM
Updated 07/09/2023, 06:31 AM
Earnings & Indian ADR's In Focus Today
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