DAX Drops, FTSE Fizzles: EU Index Futures Lose Momentum

European equities started the day on a cautious basis, with major index futures signaling early falls as global economic worries and investor wariness took effect.

 

The EURO STOXX 50 Futures (STXEc1) declined by 0.60%, trading around 5,366, showing widespread weakness in the top 50 blue-chip stocks in the Eurozone.

 

Germany's DAX Futures (FDXc1) also fell lower, down nearly 1.9%, due to concern over industrial production and inflationary pressures.

 

The UK's FTSE 100 Futures (FFIc1) also fell along with them, with modest declines in the context of uncertainty regarding forthcoming economic figures and global trade dynamics.

 

Analysts attribute the fall to a mix of profit-taking, geo-political uncertainty, and awaiting large central bank announcements later this week. Market mood remains fragile, with investors closely watching U.S. inflation readings and any signals from the European Central Bank regarding interest rate directions.

 

Some areas like utilities and energy are performing well, while industrials and tech are trailing behind.

 

Sources: Investing.com, Eurex, STOXX