DAX Futures Morning Update on 16 August

The DAX Futures is trading at 12,175.50 up with +0.38% percent or +46.50 point .The FTSE 100 Futures is trading at 7,505.20 up with +0.12% percent or +9.20 point. The CAC 40 Futures is trading at 5,316.73  up with +0.22% percent or +11.52 point .  The EURO Stoxx 50 Futures is trading at 3,355.00 up with +0.36% percent or +12.00 point.

TODAY’S FACTORS AND EVENTS

The German economy grew a seasonally-adjusted 0.5 percent on quarter in the three months to June 2018, following an upwardly revised 0.4 percent expansion in the previous period and beating market consensus of 0.3 percent, a preliminary estimate showed.

Positive contributions to the GDP growth came from domestic demand, mainly boosted by gains in household consumption and government spending. Also, there was a slight increase in fixed capital formation in machinery and equipment, in construction and in other fixed assets. By contrast, net trade contributed negatively to growth as imports rose more than exports

PREVIOUS DAY ACTIVITY

 
For the day Germany’s DAX closed at 12,188.21 up with +0.21% percent or +25.20 point. the FTSE 100 closed at 7,509.00 up with +0.15% percent or +11.13 point. France’s CAC 40 closed at 5,315.50 up with +0.19% percent or +10.29 point. 

WORLD MARKETS

For the day the Dow is trading at 25,162.41  with a loss of -0.54% percent or -137.51 point. The S&P 500 is trading at 2,818.37  with a loss of – 0.76% percent or -21.59 point. The Nasdaq Composite is trading at 7,774.12 with a loss of -1.23% percent or  -96.78 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,192.04 with a loss of -0.055% percent or -12.18 point. Hong Kong’s Hang Seng is trading at 27,046.68 with a loss of -1.01% percent or -276.91 point. China’s Shanghai Composite is trading at 2,705.19 with a loss of  -0.66% percent or  -18.07  point. India’s BSE Sensex is trading at 37,763.16  with a loss of -0.23% percent or -88.84 point at 12:15 PM.