DAX Futures Morning Update on 16 May

The DAX Futures is trading at 12,983.00 up   with  +0.02% percent or +3.00 point . The FTSE 100 Futures is trading at 7,689.50 with a loss of -0.25% percent or -19.50 point. The CAC 40 Futures is trading at 5,541.00 with a loss of -0.22% percent or -12.00 point . The EURO Stoxx 50 Futures is trading at 3,522.00 with a loss of  -0.20%  percent or  -7.00 point.

TODAY’S FACTORS AND EVENTS

The DAX continues to trade quietly this week. In the Tuesday session, the DAX is at 12,991 points, up 0.10% on the day. On the release front, German Preliminary GDP came in at 0.3%, close to the forecast of 0.4%. Eurozone GDP came in at 0.4%, matching the forecast. German ZEW Economic Sentiment came in at -8.2, weaker than the estimate of -8.0 points. Eurozone ZEW Economic Sentiment was stronger, improving to 2.4 points. This beat the estimate of 2.0 points. On Wednesday, Germany and the eurozone release CPI reports and ECB Governor Mario Draghi will speak at an ECB event in Frankfurt.

PREVIOUS DAY ACTIVITY
 
For the day Germany’s DAX closed at 12,970.04 with  a loss of -0.059% percent or -7.67 point. the FTSE 100 closed at 7,722.98 up with +0.16% percent or +12.00 point. France’s CAC 40 closed at 5,553.16 up with +0.23% percent or +12.48 point. 

WORLD MARKETS

For the day the Dow is trading at 24,706.41 with a loss of -0.78% percent or -193.00 point. The S&P 500 is trading at 2,711.45  with a loss of -0.68% percent or  -18.68 point. The Nasdaq Composite is trading at 7,351.63  with a loss of    – 0.81% percent or  -59.69 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,717.23 with a loss of -0.44% percent or -100.79 point. Hong Kong’s Hang Seng is trading at 30,982.90 with a loss of -0.54% percent or -169.13 point. China’s Shanghai Composite is trading at 3,171.76  with a loss of  -0.64% percent or  -20.36 point. India’s BSE Sensex is trading at 35,384.13 with a loss of -0.45% percent or  -159.81  point at 12:15 PM.

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