DAX Futures Morning Update on 02 October

The DAX Futures is trading at 12,219.50  with  a loss of -0.88% percent or -108.50 point .The FTSE 100 Futures is trading at 7,420.00 with a loss of -0.50% percent or-37.00 point. The CAC 40 Futures is trading at 5,461.50 with  a loss of -0.49% percent or -27.00 point .  The EURO Stoxx 50 Futures is trading at 3,369.00  with a loss of -0.94% percent or -32.00 point.


European equity markets have lost ground on Friday, led by Italian markets which are sharply lower. Investors reacted negatively after the Italian government approved a controversial budget on Thursday, which aims for a budget deficit in 2019 of 2.4% of GDP. This number could move higher as the budget is debated in parliament. Although EU guidelines allow a deficit of 3%, Brussels will be nervously following the budget. The markets were hoping that Italy’s budget deficit would be around 2%, and Brussels will be nervously following the budget. As well, investors could lose confidence in Italian government bonds, which could weigh further on risk appetite.


For the day Germany’s DAX closed at 12,339.03 up with  +0.75% percent or +92.30 point. the FTSE 100 closed at  7,465.95 with a loss of  -0.40% percent or  -29.72 point. France’s CAC 40 closed at 5,506.82 up  with +0.24% percent or +13.33 point. 


For the day the Dow is trading at 26,651.21  up with +0.73% percent or +192.90 point. The S&P 500 is trading at 2,924.59 up with +0.36% percent or +10.61  point. The Nasdaq Composite is trading at 8,037.30  with a loss of -0.11% percent or -9.05 point.

In other parts of world, Japan’s Nikkei 225 is trading at 24,270.62 up with +0.10% percent or +24.86 point. Hong Kong’s Hang Seng is trading at 27,113.60  with  a loss of -2.43% percent or -674.92 point. China’s Shanghai Composite is trading at 2,821.35  up with +1.06% percent or  +29.58 point. India’s BSE Sensex is trading at 36,526.14 up with  +0.83% percent or +299.00 point at 12:15 PM.

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