DAX Futures Morning Update on 03 July

The DAX Futures is trading at 12,312.00 up with +0.64% percent or  +78.50 point .The FTSE 100 Futures is trading at 7,525.00  with a loss of  -1.01% percent or  -76.50 point. The CAC 40 Futures is trading at 5,301.30 up  with  +0.47% percent or +24.55 point .  The EURO Stoxx 50 Futures is trading at 3,379.00 up with +0.48% percent or +16.00 point.

TODAY’S FACTORS AND EVENTS

Coming into the week, we noted that if the Thursday break of support in the 12600/500 region was not quickly recaptured, look for further weakness. Yesterday’s 2.4% decline in the DAX has the aforementioned area in the rear-view mirror as support, and on any counter-trend trade higher it will be viewed as a material barrier of resistance.

The move down off the monthly high has been swift, and while it may be overdone in the very short-term, there is still more room to go before new support levels are met. There are two lines/levels in focus: the February 2016 trend-line and the April 5 gap-fill at 11958.

For the day Germany’s DAX closed at 12,334.19 up with  +0.78% percent or +95.35 point. the FTSE 100 closed at 7,572.97 up with +0.31% percent or +23.62 point. France’s CAC 40 closed at 5,306.59 up with +0.57% percent or +29.84 point. 

WORLD MARKETS

For the day the Dow is trading at 24,307.18 up with +0.15% percent or +35.77 point. The S&P 500 is trading at 2,726.71 up with +0.31% percent or  +8.34 point. The Nasdaq Composite is trading at 7,567.69 up with +0.76% percent or +57.38 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,785.54 with a loss of -0.12% percent or -26.39 point. Hong Kong’s Hang Seng is trading at 28,462.30 with a loss of -1.70% percent or -492.81 point. China’s Shanghai Composite is trading at 2,786.89 up with +0.41% percent or +11.33 point. India’s BSE Sensex is trading at 35,388.01 up with +0.35% percent or +123.60 point at 12:15 PM.