DAX Futures Morning Update on 11 October

The DAX Futures is trading at 11,609.50   with a loss of -0.95% percent or -111.00 point . The FTSE 100 Futures is trading at 7,037.00 up with +0.29% percent or -0.20+20.00 point. The CAC 40 Futures is trading at 5,146.50  with a loss of  -0.43% percent or -22.00 point . The EURO Stoxx 50 Futures is trading at 3,225.00  with a loss of -1.10%  percent or -36.00  point.

TODAY’S FACTORS AND EVENTS

U.S treasury bonds yields continue to climb this week, pushing global equity markets lower. On Tuesday, the yield on 10-year treasury notes reached 3.26%, the highest yield since 2011. As well, 30-year treasury bonds climbed to 3.44%, a four-year high. Eurozone bond yields have also risen, and on Wednesday, German 10-year bonds touched their highest level since May. This trend has pushed European stock markets lower. On Tuesday, the DAX dropped as much as 1.5%, but managed to recover most of these losses. Investor risk appetite was further dampened on Tuesday, after the IMF released a report in which it lowered its global growth forecasts. The IMF revised growth downwards to 3.7% for 2018 and 2019, down from 3.9% in April. The IMF took note of the trade war between the U.S and its major trading partners, adding that the downward revisions were most notable in emerging countries such as Turkey and Brazil.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,604.09  with a loss of  -0.93% percent or -108.41 point.the FTSE 100 closed at 7,063.90  with a loss of  -1.15% percent or  -81.84 point. France’s CAC 40 closed at 5,146.69   with a loss of -1.14% percent or -59.52 point. 

WORLD MARKETS

For the day the Dow is trading at 25,598.74  with a loss of -3.15% percent or -831.83 point. The S&P 500 is trading at 2,785.68 with  a loss of -3.29% percent or -94.66 point. The Nasdaq Composite is trading at 7,422.05  with a loss of  -4.08% percent or -315.97 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,590.86   with a loss of -3.89% percent or -915.18 point. Hong Kong’s Hang Seng is trading at 25,379.07   with  a loss of -3.11% percent or -814.00 point. China’s Shanghai Composite is trading at 2,583.46   with a loss of -5.22% percent or -142.38 point. India’s BSE Sensex is trading at 34,265.37   with a loss of -1.43% percent or -495.52 point at 12:15 PM.