This morning, the S&P 500 Index e-mini futures (ES-M3) are trading lower by 6.75 points to 1550.50 per contract. It seems that the major stock indexes in Europe are falling sharply lower on the trading session. The important German DAX is trading lower by 1.13 percent.
The catalyst for the decline in the European market comes from the Cyprus banking crisis and weaker Euro-zone economic data. Traders should watch for early morning weakness in most of the leading European banks. Leading financial stocks such as Deutsche Bank AG (DB), Banco Santander S.A. ADS (SAN), National Bank of Greece (ADR) (NBG), and UBS AG (USA) (UBS) should all be lower before the opening bell.
Below you may find the video.