DAX Futures Morning Update on 04 September

The DAX Futures is trading at 12,378.50 up with +0.36% percent or +44.50 point .The FTSE 100 Futures is trading at 7,512.00 up with  +0.35% percent or +26.50 point. The CAC 40 Futures is trading at 5,425.00 up with +0.27%percent or +14.50 point .  The EURO Stoxx 50 Futures is trading at 3,404.00 up with +0.32% percent or +7.00 point.

TODAY’S FACTORS AND EVENTS

 the ECB unlikely to raise interest rates in the near future, investors may prefer the equity markets over the euro. The currency was last above the 1.20 line in May, and this symbolic level could remain elusive for quite some time. The reason? Mario Draghi and his ECB colleagues continue to send out the message that the ECB has no plans to raise rates until after the summer of 2019. The markets are not expecting a rate hike before October 2019, which means that the euro is not particularly attractive unless there is an unexpected improvement in the German and eurozone economies.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,392.80 up with +0.38% percent or +46.39 point. the FTSE 100 closed at 7,512.76 up  with  +0.11% percent or +8.16 point. France’s CAC 40 closed at 5,428.03  up with +0.26% percent or +14.24 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 8,109.548,109.54 up with +0.26% percent or +21.17 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,696.90 with a loss of -0.046%percent or -10.48 point. Hong Kong’s Hang Seng is trading at 27,963.82  up with  +0.91% percent or  +251.28 point. China’s Shanghai Composite is trading at 2,750.58 up with +2,750.58 percent or +29.85  point. India’s BSE Sensex is trading at 38,372.36 up with +0.16% percent or  +59.84 point at 12:15 PM.