DAX Futures Morning Update on 22 May

The DAX Futures is trading at 13,113.50 up with +0.37% percent or +48.00 point .The FTSE 100 Futures is trading at 7,839.00 with a loss of -0.10% percent or -7.50 point. The CAC 40 Futures is trading at 5,614.51 up with +0.41% percent or +23.01 point .  The EURO Stoxx 50 Futures is trading at 3,554.00 with a loss of  -0.03%   percent or -1.00 point.

TODAY’S FACTORS AND EVENTS

The DAX has been trading higher for nearly two straight months, with only one minor pullback along the way. As it currently stands, there aren’t any substantial resistance levels to contend with until the record high near 13600. This doesn’t mean the market will rise to that point, but it does mean that without levels or bearish price action, for now we’ll continue to give the upward trend the benefit of the doubt. Support on a decline arrives around 12900 and the trend-line off the March low.

PREVIOUS DAY ACTIVITY
 
For the day Germany’s DAX closed at 13,077.72 with a loss of -0.28% percent or  -36.89 point.the FTSE 100 closed at 7,859.17 up with +1.03% percent or  +80.38 point. France’s CAC 40 closed at 5,637.51 with +0.41% percent or +23.01 point. 

WORLD MARKETS

For the day the Dow is trading at 25,013.29 up with +1.21% percent or  +298.20 point. The S&P 500 is trading at 2,733.01  up with +0.74% percent or +20.04 point. The Nasdaq Composite is trading at 7,394.04 up with +0.54% percent or +39.70 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,960.34  with a loss of -0.18% percent or  -42.03 point. Hong Kong’s Hang Seng is trading at 31,234.35 up with +0.60% percent or  +186.44 point. China’s Shanghai Composite is trading at 3,212.62  with a loss of  -0.038% percent or  -1.22 point. India’s BSE Sensex is trading at 34,690.95 up with +0.22% percent or  +74.82  point at 12:15 PM.

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