DAX Futures Morning Update on 29 August

The DAX Futures is trading at 12,543.80  with a loss of -0.03%  percent or  -3.20 point .The FTSE 100 Futures is trading at 7,626.80  up with +0.19% percent or +14.80 point. The CAC 40 Futures is trading at 5,497.50 up with +0.15% percent or +8.00 point .  The EURO Stoxx 50 Futures is trading at 3,452.00  with a loss of -0.09% percent or -3.00 point.

TODAY’S FACTORS AND EVENTS

German automaker shares continue to climb this week, in response to news that the U.S and Mexico have reached a new trade deal. The news has pushed BMW up 2.00%, Daimler 1.19% and Volkswagen (DE:VOWG_p) 1.87%. Under the agreement, 75% of automobile content must be manufactured in North America, up from NAFTA’s current level of 62.5%. European car makers can breathe a sigh of relief, as Mexican plants will continue to manufacture their cars and send them on to the U.S and Canadian markets without the imposition of heavy tariffs. This agreement comes after months of escalating trade tensions, which have shaken global equity markets. The announcement of the US-Mexico deal, which likely will be extended to Canada, has improved risk appetite for equities this week.

PREVIOUS DAY ACTIVITY

 
For the day Germany’s DAX closed at 12,527.42  with a loss of  -0.087% percent or -10.89 point.the FTSE 100 closed at 7,617.22  up with  +0.52% percent or +39.73 point. France’s CAC 40 closed at 5,484.99 up with +0.11% percent or +5.89 point. 

WORLD MARKETS

For the day the Dow is trading at 26,064.02 up with +0.055% percent or 14.38 point. The S&P 500 is trading at 2,897.52 up with +0.027%percent or +0.78 point. The Nasdaq Composite is trading at 8,030.04 up with +0.15% percent or +12.14  point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,848.22 up with +0.15% percent or +34.75 point. Hong Kong’s Hang Seng is trading at 28,325.33  with  a loss of -0.093% percent or  -26.29 point. China’s Shanghai Composite is trading at 2,767.04 with a loss of -0.39% percent or -10.94  point. India’s BSE Sensex is trading at 38,883.18  with a loss of -0.035% percent or  -13.45  point at 12:15 PM.

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