DAX Futures Morning Update on 16 October

The DAX Futures is trading at 11,641.50  up with  +0.28% percent or+32.00 point . The FTSE 100 Futures is trading at 7,003.80 up with +0.34% percent or +23.80 point. The CAC 40 Futures is trading at 5,101.00 up with  +0.24% percent or +12.00 point . The EURO Stoxx 50 Futures is trading at 3,205.00  up with +0.09% percent or +3.00 point.

TODAY’S FACTORS AND EVENTS

Dax first resistance at 11630/650. Shorts need stops above 11699 again today!! A break higher targets 11770/790. Shorts need stops above the September low at 11860. A break higher again targets 11900/920 and 11980/999.

Failure to beat 11630/650 re-targets first support at 11500/520. Bulls are starting o wim back control, so a bounce from here possible buy further losses meet key support at 11420/400. A break below 11370 triggers stops and could quickly target 11250/230, 11150/140 and 10950/930 and further significant losses could be expected in to the end of October.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,614.1  up with +0.78% percent or +90.35 point.the FTSE 100 closed at 7,029.22  up with +0.48% percent or +33.31 point. France’s CAC 40 closed at 5,095.07  with a loss of -0.018% percent or  -0.90 point. 

WORLD MARKETS

For the day the Dow is trading at 25,250.55  with  a loss of -0.35% percent or  -89.44 point. The S&P 500 is trading at 2,750.79 with a loss of  -0.59% percent or -16.34 point. The Nasdaq Composite is trading at 7,430.74 with a loss of -0.88% percent or -66.15 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,549.24 up with +1.25% percent or +277.94  point. Hong Kong’s Hang Seng is trading at 25,332.89    with a loss of -0.44% percent or -112.17 point. China’s Shanghai Composite is trading at 2,540.80   with a loss of  -1.06% percent or -27.30 point. India’s BSE Sensex is trading at 35,045.20  up  with +0.52% percent or +180.10  point at 12:15 PM.