DAX Futures Morning Update on 12 June

The DAX Futures is trading at 12,872.00 up with +0.18% percent or +22.50 point .The FTSE 100 Futures is trading at 7,736.50 with a loss of -0.17% percent or -13.00 point. The CAC 40 Futures is trading at 5,482.88 for up with +0.16% percent or  +8.97 point .  The EURO Stoxx 50 Futures is trading at 3,484.00 up with +0.03% percent or      +1.00 point.

TODAY’S FACTORS AND EVENTS

European stock markets are in positive territory on Monday, despite a remarkably acrimonious G-7 meeting. The summit in Quebec lived up to the negative hype, as the “G-6 +1” was the scene of sharp disagreements between US President Donald Trump and the other six leaders. Trump openly clashed with the other leaders over his recent tariffs against the European Union and Canada and pulled back his endorsement of the traditional post-summit statement put out by the other members. The undiplomatic Trump also tweeted that Canadian Prime Minister Trudeau, who hosted the summit, was “dishonest and weak”. Canada and the EU are furious over recent US tariffs, especially because of Trump pushed them through on the basis of ‘national security’. The glaring cracks in G-7 unity could cast a long shadow on trade relations between the US and the “G-6”, with business confidence and capital spending at risk if the tariff spat continues.

PREVIOUS DAY ACTIVITY
For the day Germany’s DAX closed at 12,873.47 up with +0.24%percent or  +30.56 point.the FTSE 100 closed at 7,735.41 with a loss of  –0.022% percent or –1.69 point. France’s CAC 40 closed at 5,481.02 up  with +0.13% percent or +7.02 point.

WORLD MARKETS

For the day the Dow is trading at 25,322.31  up with +0.023% percent or +5.78 point. The S&P 500 is trading at 2,782.00 up with  +0.31% percent or  +0.11% point. The Nasdaq Composite is trading at 7,659.93 up with +0.19% percent or  +14.41 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,878.35 up with +0.33% percent or +74.31 point. Hong Kong’s Hang Seng is trading at 31,155.85 up with +0.30% percent or +92.15 point. China’s Shanghai Composite is trading at 3,079.80 up with +0.89% percent or +27.02 point. India’s BSE Sensex is trading at 35,677.17  up with +0.55% percent or  +193.70 point at 12:15 PM.

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