DAX Futures Morning Update on 10 May

The DAX Futures is trading at 12,978.00 up with +0.16% percent or +21.00 point .The FTSE 100 Futures is trading at 7,652.00 up  with +1.73% percent or +130.00 point. The CAC 40 Futures is trading at 5,512.50 up with +0.25% percent or +13.50 point .  The EURO Stoxx 50 Futures is trading at 3,528.00 up with +0.11%  percent or -+4.00 point.

TODAY’S FACTORS AND EVENTS

Germany has posted some soft numbers recently, which could have major ramifications for ECB fiscal policy. The ECB cut its stimulus package at the start of the year from EUR 60 billion to 30 billion, while at the same time it extended the program to September. However, soft eurozone numbers, especially in Germany, have raised concerns that the bank may decide to again extend stimulus into 2019. German Factory Orders posted a second decline in the past three months, and the most recent PMIs in the services and manufacturing sectors also headed lower. On Tuesday, German indicators bounced back after a weak start to the week. Industrial Productionclimbed 1.0%, beating the estimate of 0.8% and ending a nasty streak of three straight declines. As well, Germany posted a trade surplus of EUR 22.0 billion, easily beating the estimate of EUR 19.9 billion. This marked a 4-month high.

PREVIOUS DAY ACTIVITY
 
For the day Germany’s DAX closed at 12,943.06 up with +0.24% percent or +30.85 point.the FTSE 100 closed at 7,662.52 up with +1.28% percent or +96.77 point. France’s CAC 40 closed at 5,534.63 up with +0.23% percent or +12.71 point. 

WORLD MARKETS

For the day the Dow is trading at 24,542.54 up with +0.75% percent or +182.33 point. The S&P 500 is trading at 2,697.79 up with +0.97% percent or +25.87 point. The Nasdaq Composite is trading at 7,339.91 up  with  +1.00% percent or +73.00 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,497.18 up with +0.39% percent or +88.30 point. Hong Kong’s Hang Seng is trading at 30,842.11 up  with +1.00% percent or +305.97 point. China’s Shanghai Composite is trading at 3,174.26 up  with +0.48% percent or +15.11 point. India’s BSE Sensex is trading at 35,338.00 up with 0.058% percent or +20.41  point at 12:15 PM.

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