DAX Futures Morning Update on 03 October

The DAX Futures is trading at 12,269.50  with  a loss of -0.47% percent or -58.50 point .The FTSE 100 Futures is trading at 7,454.50 for up with  +0.07% percent or +5.50 point. The CAC 40 Futures is trading at 5,484.20 for up with  +0.42% percent or +22.70 point .  The EURO Stoxx 50 Futures is trading at 3,393.00  up with+0.53% percent or +18.00 point.


Italy and the EU on a possible collision course over Italy’s budget, Italian stock markets were in the red last week and dragged down the German equity markets as well. The DAX slipped 1.1%, as risk appetite has decreased. Last week, the Italian government voted to increase spending and cuts taxes and set the budget deficit at 2.4% for 2019, 2020 and 2021. The European Commission must approve the budget, and EU policymakers are unhappy with the budget, as they have been pushing Rome to reduce the current deficit, which stands at 1.6% of GDP. EU Commissioner Pierre Moscovici said last week that the budget could breach EU fiscal regulations and called the Italian deficit “explosive”. However, the Italian government strongly backs the budget, so this crisis could continue and weigh on the DAX.


For the day Germany’s DAX closed at 12,287.58  with a loss of– 0.42% percent or -51.45 point.the FTSE 100 closed at 7,474.55 with a loss of  -0.28% percent or  -21.12  point. France’s CAC 40 closed at 5,467.89   with a loss of  -0.71% percent or -38.92 point.


For the day the Dow is trading at 26,773.94  up with +0.46% percent or +122.73 point. The S&P 500 is trading at 2,923.43 with a loss of  -0.040% percent or -1.16  point. The Nasdaq Composite is trading at 7,999.55  with a loss of -0.47% percent or -37.76 point.

In other parts of world, Japan’s Nikkei 225 is trading at 24,110.96  with  a loss of -0.66% percent or -159.66 point. Hong Kong’s Hang Seng is trading at 27,099.64  with  a loss of -0.099% percent or -26.74 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 36,456.05  with a loss of – 0.19% percent or -70.09 point at 12:15 PM.

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