Tuesday morning, the S&P 500 Index e-mini futures (ES-H3) traded lower by 1.75 points to 1477.25 per contract. Earnings season is underway and a couple of market moving stocks such as Google Inc (GOOG), and International Business Machines Corp (IBM), will report earnings after the closing bell. Earlier yesterday morning, some leading Dow Jones industrial Average components such as DuPont (NYSE:DD), Johnson & Johnson (JNJ), and Travelers Cos Inc (TRV) all reported earnings. Traders and investors should now expect the bulk of corporate earnings to be released this week.
Across the pond in Europe, the German DAX is trading lower by 0.75 percent. The German DAX is by far the most important European stock index that any trader can follow. Traders in the United States can trade the German DAX by using the iShares MSCI Germany Index Fund (ETF) (EWG). Usually, if the German DAX declines the other leading European equities will often follow. Leading European equities such as iShares MSCI Spain Index (ETF) EWP), iShares MSCI Italy Index (ETF) (EWI), iShares MSCI France Index (ETF) (EWQ), and the Ishares MSCI Europe Financials Sctr Index Fund (EUFN) could all be volatile if the German DAX is weak.
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