DAX Futures Morning Update on 11 May

The DAX Futures is trading at 13,023.00  with a loss of -0.01% percent or -1.50 point . The FTSE 100 Futures is trading at 7,679.50  with a loss of  -0.03% percent or  -2.00 point. The CAC 40 Futures is trading at 5,525.50 up with +0.24% percent or +13.50 point . The EURO Stoxx 50 Futures is trading at 3,532.00 up with +0.11%  percent or +4.00 point.

TODAY’S FACTORS AND EVENTS

DAX bulls remain in control and although we severely overbought there is no sell signal so we stick with the bulls. On further gains look for 13095/099 and 13125.

The downside is expected to be limited until we see a sell signal. Support at 12955/945 could hold the downside but below 12930 risks a slide to a buying opportunity at 12890/880, with stops below 12830.

PREVIOUS DAY ACTIVITY
 
For the day Germany’s DAX closed at 13,022.87 up with +0.62% percent or +79.81 point. the FTSE 100 closed at 7,704.77 up with +0.049% percent or +3.80 point. France’s CAC 40 closed at 5,545.95 up with +0.20% percent or +11.33 point. 

WORLD MARKETS

For the day the Dow is trading at 24,739.53 up with +0.80% percent or +196.99 point. The S&P 500 is trading at 2,723.07 up with +0.94% percent or +25.28 point. The Nasdaq Composite is trading at 7,404.97  up  with  +0.89% percent or +65.07 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,758.48 up with +1.16% percent or +261.30 point. Hong Kong’s Hang Seng is trading at 31,119.25 up  with +1.00% percent or +309.36 point. China’s Shanghai Composite is trading at 3,163.26   with  a loss of  -0.35% percent or -11.15 point. India’s BSE Sensex is trading at 35,355.42 up with +0.31% percent or +109.15  point at 12:15 PM.

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