DAX Futures Morning Update on 03 September

The DAX Futures is trading at 12,330.50 with a loss of -0.15% percent or  -19.00 point .The FTSE 100 Futures is trading at 7,456.00 up with  +0.01% percent or +1.00 point. The CAC 40 Futures is trading at 5,397.50 with a loss of -0.16% percent or -8.50 point .  The EURO Stoxx 50 Futures is trading at 3,387.00 with a loss of -0.06% percent or -2.00 point.

TODAY’S FACTORS AND EVENTS

Gains in the DAX petered out after rejecting the trendline from the June high, while resistance at 12643, which marks the 50% fib level from the 13184-12102 fall also held firm. Momentum indicators suggest that the bias is on the downside. Support at 12350 has curbed an extension to the recent losses for now, however, a firm break below could likely bring the July lows at 12100 back into focus.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,346.50 with a loss of –0.14% percent or –17.77 point. the FTSE 100 closed at 7,456.90 up with with  +0.33% percent or +24.48 point. France’s CAC 40 closed at 5,401.35  with a loss of –0.11%percent or –6.06 point.

WORLD MARKETS

For the day the Dow is trading at 25,964.82  with a loss of –0.085% percent or –22.10 point. The S&P 500 is trading at 2,901.52  up with +0.013% percent or +0.39 point. The Nasdaq Composite is trading at 8,109.54 up with +0.26% percent or +21.17 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,707.38 with a loss of –0.69% percent or –157.77 point. Hong Kong’s Hang Seng is trading at 27,672.34 with  a loss of –0.78% percent or  –216.21 point. China’s Shanghai Composite is trading at 2,720.73 with a loss of –0.17% percent or –4.52  point. India’s BSE Sensex is trading at 38,674.85 up with +0.077% percent or  +27.56 point at 12:15 PM.