This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 3.00 points to 1550.00 per contract. It seems that the major stock indexes are holding steady despite lower stock markets in Italy and Spain. These European countries are likely to be the next panic zones in the global stock markets. The IBEX 35 Index (Spain) and the FTSE MIB Index (Italy) are both trading lower by more than 1.0 percent today.
All of the leading Euro-zone markets could be vulnerable to declines and volatility. Leading 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) could all be in play today.
Below you may find the video.