The DAX Futures is trading at 12,829.50 with a loss of -0.28% percent or -35.50point .The FTSE 100 Futures is trading at 7,615.50 up with +0.09% percent or +6.50 point. The CAC 40 Futures is trading at 5,488.79 with a loss of -0.42% percent or -22.97 point . The EURO Stoxx 50 Futures is trading at 3,512.00 with a loss of -0.34% percent or -12.00 point.
TODAY’S FACTORS AND EVENTS
It’s been an excellent week for the DAX, which has climbed 2.6% and is at its highest level since mid-June. Market sentiment improved on Thursday on Wednesday, after a meeting between EU Commission President Jean-Claude Juckner met with President Trump went better than expected. The two leaders agreed to take concrete steps to eliminate tariffs and improve the trade relationship between the U.S and the EU, which has been battered in recent weeks. President Trump agreed to hold back on any further tariffs while talks are ongoing. This is a major concession from Trump, who just last week had threatened to impose tariffs on European car imports. U.S tariffs on European aluminum and steel will remain in place, but Juckner pointed out that the U.S has agreed to reassess these measures. The surprise agreement triggered strong gains in bank and automakers shares on the DAX, boosting the index. With fears of a full-blown transatlantic trade war easing, the markets are hoping that the conciliatory tone shown by the Trump administration with the Europeans will extend to China as well.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,451.06 with a loss of -0.30% percent or -76.01 point. The S&P 500 is trading at 2,818.82 with a loss of -0.66% percent or -18.62 point. The Nasdaq Composite is trading at 7,737.42 with a loss of -1.46% percent or -114.77 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,544.84 with a loss of -0.74% percent or -167.91 point. Hong Kong’s Hang Seng is trading at 28,713.31 with a loss of -0.32% percent or -90.97 point. China’s Shanghai Composite is trading at 2,869.05 with a loss of -0.16% percent or -4.54 point. India’s BSE Sensex is trading at 37,460.62 up with +0.33% percent or +123.77 point at 12:15 PM.