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Last updated: 11/08/2019 06:45:29

06:45 AM EST, 11/08/2019 (MT Newswires) -- As of near 6.30am ET, stock markets had declined across Europe, with stronger than expected German trade numbers in the morning not enough to push out the DAX further towards the 13300 mark. Investors continue to keep a close eye on trade headlines, but the DAX, which started the month just slightly above the 12900 mark, has already gained more than 350 points this month and may need firmer proof of progress, before managing additional gains. With a modest decline of -0.12% in the German benchmark this still looks more like consolidation and profit taking than a reversal of the recent run higher. The FTSE 100 was down -0.24% and U.S. futures were also in negative territory, but up from overnight lows. Asian markets equally closed mostly lower. Topix and Nikkei still managed to close 0.3% higher, but had erased a large part of their early gains by the end of the session despite a 9.5% y/y surge in household spending. Trade data out of China also surprised on the upside, with exports falling "just" -0.9% y/y but CSI 300 and Shanghai Comp still corrected -0.5% and the Hang Send dropped -0.70% today.

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