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Major Stock Indexes Inflating Higher

Published 04/22/2013, 01:45 PM
Updated 07/09/2023, 06:31 AM
IT40
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EWI
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This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 7.00 points to $1554.50 per contract. It seems that the major stock indexes are inflating higher before the opening bell. The catalyst for the inflation rally is the strong European stock market which is being lifted by an Italian election.

All of the major European stock indexes are trading higher today. The FTSE MIB Index (Italy) is leading the Euro-zone markets higher by 2.04 percent. Traders should watch for early strength in all of the leading European stock indexes. This tells us that equities such as the iShares MSCI Italy Capped Index Fund (EWI), iShares MSCI Spain Capped Index Fund (EWP), iShares MSCI France Index Fund (EWQ), and the iShares MSCI Germany Index Fund (EWG) should be higher at the start of the trading day.

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