DAX Futures Morning Update on 09 August

The DAX Futures is trading at 12,607.00 with a loss of -0.11% percent or -14.50 point .The FTSE 100 Futures is trading at 7,712.50 with a loss of -0.02% percent or -1.50 point. The CAC 40 Futures is trading at 5,473.04   with a loss of  -0.52% percent or -28.86 point .  The EURO Stoxx 50 Futures is trading at 3,479.00  with a loss of -0.32% percent or -11.00 point.

TODAY’S FACTORS AND EVENTS

Cable was hit hard by risk-off flows in early London dealing today dropping to within 1 pip of the 1.2900 figure before finding a modicum of support.

The pair hasn’t been below the 1.2900 in nearly 12 months and today’s slide is indicative of market’s growing concern over the slow pace of Brexit negotiations and the dire prospect of a hard Brexit that could leave UK cut off from the European common market.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,621.20 with a loss of -0.098% percent or -12.34 point. the FTSE 100 closed at 7,731.49 with a loss of -0.58% percent or -45.16 point. France’s CAC 40 closed at 5,470.89  with a loss of -0.56% percent or -31.01 point. 

WORLD MARKETS

For the day the Dow is trading at 25,583.75 with a loss of -0.18% percent or -45.16 point. The S&P 500 is trading at 2,857.70 with  a loss of -0.026% percent or -0.75 point. The Nasdaq Composite is trading at 7,888.33 up with +0.06% percent or +4.66 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,598.39 with a loss of -0.20% percent or -45.92 point. Hong Kong’s Hang Seng is trading at 28,600.03 up with +0.85% percent or  +240.89 point. China’s Shanghai Composite is trading at 2,794.38 up with +1.83% percent or +50.31  point. India’s BSE Sensex is trading at 38,023.97 up with +0.36% percent or +136.41 point at 12:15 PM.