Morning brief

European open lower 🔴 (Down)

• 🇩🇪

  DAX

  ^GDAXI

  25,439

  🔴 0.80%

  Down
• 🇫🇷

  CAC 40

  ^FCHI

  7,835

  🔴 1.09%

  Down
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,126

  🔴 1.32%

  Down

US futures lower 🔴 (Down)

• 🇺🇸

  Nasdaq 100

  NQ=F

  29,500

  🔴 1.69%

  Down
• 🇺🇸

  S&P 500

  ES=F

  7,726

  🔴 0.95%

  Down

• 📌

  European stocks are opening lower, with the DAX down 0.80%, the CAC 40 down 1.09% and the Euro Stoxx 50 down 1.32%. Investors are cautious ahead of the day's news flow.

• 📌

  Asia closed sharply lower: the Nikkei 225 fell 2.65% and the Hang Seng dropped 4.05%. US index futures also point down, with Nasdaq 100 futures off 1.69% and S&P 500 futures off 0.95%.

• 📌

  Brent crude rose 2.43% to 111.46 dollars as tensions in the Gulf escalated. The US 10-year Treasury yield edged up to 5.15%. Markets are watching the Fed for direction.

  Source: news.google.com

• 📍

  American Airlines ($AAL) reports before the US open. Analysts expect a loss of about 0.35 per share on revenue near 16.4 billion dollars. Watch fuel costs, since higher oil prices are weighing on airlines.

  • $AAL
• 📍

  BFH reports before the US open, with analysts expecting earnings of about 3.29 per share on revenue near 1.02 billion dollars. Watch whether margins hold up in a volatile market.

  • $BFH