Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
Today’s session was the only of the week that was not provided with publication of economic data. In China, the stock exchange lost more than 2% in a session marked by weakness of the construction companies and banking institutions. It was a faithful barometer of what was going to happen in the rest of the main stock indexes as after the Nasdaq Composite Index climbed above 5,000 for the first time in 15 years, the health-care and technology companies slid, dragging the Stock Market to a decline.
The S&P 500 declined 0.5 percent to 2,107.80 at 4 p.m. in New York, after closing at a record Monday. The Nasdaq Composite fell 0.6 percent. The drop was mostly due to profit taking from investors as we’re at record highs and a lot of people are managing their gains carefully.
Economic reports this week may give clues on when the Federal Reserve may increase its benchmark interest rate.
Investors are also awaiting details of the European Central Bank’s debt-purchase program on Thursday and also for the release of the jobs report on Friday.
People are stepping a bit more into the sidelines, as we are heading into these big events at the end of the week when we could see larger moves.