DAX Futures Morning Update on 18 May

The DAX Futures is trading at 13,125.50 up   with  +0.18% percent or +24.00 point .The FTSE 100 Futures is trading at 7,767.00 up with +0.06% percent or+4.50 point. The CAC 40 Futures is trading at 5,621.92 up  with +0.98% percent or +54.38 point . The EURO Stoxx 50 Futures is trading at 3,551.00 with a loss of  -0.03%  percent or  -1.00 point.

TODAY’S FACTORS AND EVENTS

The DAX has posted slight gains and pushed above the symbolic 13,000 level in the Friday session. Currently, the DAX is at 13,025, up 0.22% on the day. On the release front, there are no German or eurozone indicators on the schedule. On Friday, Germany releases inflation reports and the eurozone publishes current account and trade balance.

The eurozone economy has performed well in 2018, but inflation has lagged behind and remains well below the ECB inflation target of around 2 percent. German Final CPI for April dropped to a flat 0.0%. Although this matched the forecast, this marked a 3-month low. Eurozone inflation indicators followed a similar trend, losing ground in April. Final CPI edged lower to 1.2%, down from 1.3% a month earlier. Final Core CPIfollowed a similar trend, dropping from 1.0% to 0.7%. Weak inflation levels could have a significant impact on ECB fiscal policy, as policymakers may have to consider extending its stimulus scheme, which is scheduled to run until September.

PREVIOUS DAY ACTIVITY
 
For the day Germany’s DAX closed at 13,114.61 up with +0.91% percent or +118.28 point. the FTSE 100 closed at 7,787.97 up with +0.70% percent or +53.77 point. France’s CAC 40 closed at 5,621.92 up with +0.98% percent or +54.38 point.

WORLD MARKETS

For the day the Dow is trading at 24,713.98 with a loss of -0.22% percent or -54.95 point. The S&P 500 is trading at 2,720.13  with a loss of -0.086% percent or  -2.33 point. The Nasdaq Composite is trading at 7,382.47 with a loss of    – 0.21% percent or  -15.82 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,930.36 up with +0.40% percent or +91.99 point. Hong Kong’s Hang Seng is trading at 31,091.44 up with +0.48% percent or  +149.29 point. China’s Shanghai Composite is trading at 3,187.91 up with +1.07% percent or +33.63 point. India’s BSE Sensex is trading at 34,979.46 with a loss of -0.48% percent or  -169.66  point at 12:15 PM.

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