DAX Futures Morning Update on 09 May

The DAX Futures is trading at 12,914.50 with a loss of –0.03%  percent or -3.50 point . The FTSE 100 Futures is trading at 7,529.50 up  with +0.09% percent or +6.50 point. The CAC 40 Futures is trading at 5,492.00 with a loss of -0.13% percent or -7.00 point . The EURO Stoxx 50 Futures is trading at 3,514.00 up with +0.09%  percent or -+3.00 point.

TODAY’S FACTORS AND EVENTS

DAX hits the next target of 12960/970 and we topped exactly here but the outlook remains positive. On a break higher look for 13000/010, perhaps as far as 13125.

The downside should be limited again with minor support at 12880 (although we bottomed at 12860 yesterday) and 12800/780. However on further losses look for a buying opportunity at 12675/665, with stops below 12620.

PREVIOUS DAY ACTIVITY
 
For the day Germany’s DAX closed at 12,912.21 with a loss of  -0.28% percent or -35.93 point. the FTSE 100 closed at 7,596.80 up with +0.41% percent or +30.83 point. France’s CAC 40 closed at 5,521.93 with a loss of  -0.17% percent or  -9.48 point. 

WORLD MARKETS

For the day the Dow is trading at 24,360.21 up with +0.012% percent or +2.89 point. The S&P 500 is trading at 2,671.92 with a loss of  -0.027% percent or  -0.71 point. The Nasdaq Composite is trading at 7,266.90 up  with +0.023% percent or +1.69 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,408.88  with a loss of -0.44% percent or  -99.81 point. Hong Kong’s Hang Seng is trading at 30,458.76 up  with +0.18% percent or +55.95 point. China’s Shanghai Composite is trading at 3,159.15  with a loss of -0.074% percent or -2.35 point. India’s BSE Sensex is trading at 35,278.54 up with +0.18% percent or +63.84  point at 12:15 PM.