DAX Futures Morning Update on 08 May

The DAX Futures is trading at 12,900.00 with a loss of -0.49%  percent or -63.00 point .The FTSE 100 Futures is trading at 7,539.50 up  with +0.22% percent or +16.50 point. The CAC 40 Futures is trading at 5,493.00 with a loss of -0.29% percent or -16.00 point . The EURO Stoxx 50 Futures is trading at 3,511.00  with a loss of -0.31%  percent or -11.00 point.

TODAY’S FACTORS AND EVENTS

Is the German locomotive in trouble? On Monday, German Factory Orders posted a second decline in the past three months, pointing to weakness in the manufacturing sector. The markets will be hoping for better news from Industrial Production on Tuesday, with an estimate of 0.8%. The indicator has posted three straight declines. Last week’s PMI reports also disappointed. German Services PMI was the weakest since September 2016, and the eurozone reading also softened compared to March. This points to weaker expansion in services business activity, another indication of weaker eurozone growth in the first quarter of 2018. German numbers are raising concerns about the strength of the eurozone’s largest economy. Manufacturing PMIweakened for a fourth consecutive month in April, and retail sales posted a fourth straight decline.

PREVIOUS DAY ACTIVITY
 
For the day Germany’s DAX closed at 12,901.70  with a loss of  -0.36% percent or -46.44 point. the FTSE 100 closed at 7,579.28  up with +0.16% percent or +12.14 point. France’s CAC 40 closed at 5,516.74 with a loss of  -0.27% percent or  –14.67 point. 

WORLD MARKETS

For the day the Dow is trading at 24,357.32 up with +0.39% percent or +94.81 point. The S&P 500 is trading at 2,672.63 with up +0.35% percent or +9.21 point. The Nasdaq Composite is trading at 7,265.21 up  with +0.77% percent or +55.60 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,508.69 up with +0.18% percent or +41.53 point. Hong Kong’s Hang Seng is trading at 30,402.81 up  with +1.36% percent or +408.55 point. China’s Shanghai Composite is trading at 3,161.50 up with +0.79% percent or +24.85 point. India’s BSE Sensex is trading at 35,221.50 up with +0.036% percent or +12.69  point at 12:15 PM.

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