The DAX Futures is trading at 12,529.50 with a loss of -0.24% percent or -30.50 point . The FTSE 100 Futures is trading at 7,546.00 with a loss of -0.26% percent or -20.00 point. The CAC 40 Futures is trading at 5,494.50 with a loss of -0.20% percent or -11.00 point . The EURO Stoxx 50 Futures is trading at 3,448.00 with a loss of -0.23% percent or -8.00 point.
TODAY’S FACTORS AND EVENTS
The DAX showed gains on Today, in response to an unexpectedly strong business confidence report in Germany. The Ifo Business Climate report improved to 103.8, easily beating the estimate of 101.9 points. This marked the first time this year that business confidence has improved, thanks to a strong German economy and a pause in the global trade war. On Wednesday, the news was less positive, as German GfK Consumer Climate dropped from 10.6 to 10.5 points, continuing the downward trend which has marked 2017. Back in January, the indicator was at 11.0 points, underscoring a decrease in consumer confidence.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,124.57 up with +0.23% percent or +60.55 point. The S&P 500 is trading at 2,914.04 up with +0.57% percent or +16.52 point. The Nasdaq Composite is trading at 8,109.69 up with +0.99% percent or +79.65 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,869.50 up with +0.093% percent or +21.28 point. Hong Kong’s Hang Seng is trading at 28,178.08 with a loss of -0.84% percent or -238.36 point. China’s Shanghai Composite is trading at 2,737.74 with a loss of -1.14% percent or -31.56 point. India’s BSE Sensex is trading at 38,711.27 with a loss of -0.030% percent or -11.66 point at 12:15 PM.