European markets trade flat; U.S. stock futures little changed

DAX was marginally down 10 points, while FTSE down 8 points and CAC was marginally up by 0.02%.

Jun 18, 2021 01:06 IST India Infoline News Service

European stocks were slightly flat with the pan-European Stoxx 600 hovered around the flatline in early trade. On the sectoral front, insurance stocks dropped 0.5% to lead losses, while travel and leisure stocks added 0.3%.

DAX was marginally down 10 points, while FTSE down 8 points and CAC was marginally up by 0.02%.

On the economy front, May’s U.K. retail sales fell 1.4% month on month, official statistics revealed Friday. The German Producer Price Index (PPI) rose 1.5% month on month in May and on an annual basis, the PPI was 7.2% against a projection of 6.4%.

Meanwhile, U.S. stock futures were little changed in early Friday morning trade. Futures for the Dow Jones Industrial Average gained just 12 points, S&P 500 futures and Nasdaq-100 futures both traded in mildly positive territory.

On Thursday, the Dow Jones Industrial Average fell 210 points, or 0.62%, to 33,823.45 and the S&P 500 fell 0.04% to 4,221.86. The Nasdaq Composite rose 0.87% to 14,161.35.

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