The DAX Futures is trading at 11,101.50 with -0.67% percent or -75.00 point.The FTSE 100 Futures is trading at 6,892.20 with a loss of -0.70% percent or -48.80 point. The CAC 40 Futures is trading at 4,931.20 with a loss of -0.37% percent or -18.30 point The EURO Stoxx 50 Futures trading at 3,108.00 with a loss of -0.42% percent or -13.00 point.
TODAY’S FACTORS AND EVENTS
The DAX index has rebounded with strong gains on Wednesday, erasing the losses which marked the Tuesday session. Currently, the DAX is trading at 11,388, up 1.01% on the day. On the release front, German and Eurozone Manufacturing PMIs slowed in October and missed expectations. German Manufacturing PMI dropped to 52.3, short of the estimate of 53.4 points. The eurozone release fell to 52.1, down to 53.0 points. German and Eurozone Services PMIs followed a similar trend. Still, the manufacturing and services releases all indicated expansion. On Thursday, the ECB is holding its policy meeting and will set the main financing rate.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,583.42 with a loss of -2.41% percent or -608.01 point. The S&P 500 is trading at 2,656.10 with a loss of -3.09% percent or -84.59 point. The Nasdaq Composite is trading at 7,108.40 with a loss of -4.43% percent or -329.14 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,268.73 with a loss of -3.72% percent or -822.45 point. Hong Kong’s Hang Seng is trading at 24,827.04 with a loss of -1.67% percent or -422.74 point. China’s Shanghai Composite is trading at 2,601.11 with a loss of -0.084% percent or -2.19 point. India’s BSE Sensex is trading at 33,678.52 with a loss of -1.04% percent or -355.44 point at 12:15 PM.