22 May 2017 (8:40 AM IST)
21 May 2017 (11:10 PM EDT)
Global stock markets are expected to remain range bound and highly volatile on political uncertainty in the U.S. and weakness in U.S. markets.
Even after a 2-day relief rally in U.S. markets, further gains are capped in leading U.S. indexes and they are expected to remain within their last week’s range.
Asian markets are reflecting that sentiment and are trading mixed, mostly within a narrow range. SGX Nifty is also range bound, indicating a similar trend in Indian markets today.
U.S. stock futures are trading with very marginal gains, hinting at local political worries. European stock futures are showing more alarming trend, with FTSE 100( U.K.) futures already negative and DAX futures (Germany) trading with only single digit gains.
The trend in European markets and U.S. stock futures will dominate the first and middle half of this starting session of a new week. And that trend is expected to remain within last week’s range, volatile and weak.
Good luck, enjoy the session!