Markets Are Quiet As European & Asian Holidays Take Place

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Uploaded on May 01, 2012 by inthemoneystocks

This morning, the S&P 500 Index e-mini futures are trading higher by 1.00 point to 1394.50 per contract. The major market indexes seem to be very quiet today as most European and Asian markets were closed to start the month of May. The FTSE 100 (England) is one of the only markets open for trading today in Europe. The FTSE 100 is trading higher by 0.38 percent today. Last night, the Nikkei 222 finished sharply lower by 1.78 percent as it was one of the few Asian stock indexes that was open for trading. This tells us that the Japanese ADR's could be under some pressure today especially if the U.S. markets are weak. Traders should watch for equities such as iShares MSCI Italy Index (ETF) (NYSEARCA:EWI), Sony Corporation (ADR) (NYSE:SNE), and Canon Inc. (ADR) (NYSE:CAJ) to be in play today.

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