DAX Futures Morning Update on 31 October

The DAX Futures is trading at 11,396.50  up with +0.86% percent or +97.50 point.The FTSE 100 Futures is trading at 7,072.20 up with +0.73% percent or +51.20 point. The CAC 40 Futures is trading at 5,017.20 up with +0.64% percent or +31.70 point The EURO Stoxx 50 Futures trading at 3,163.00 up  with 0.00% percent or 0.00 point.

TODAY’S FACTORS AND EVENTS

Currency markets were quiet on Tuesday with most of the majors contained to narrow 30 pip ranges, but the euro was demonstrably weaker as the miss in GDP data only added to market concerns.

The euro slipped to a session low of 1.1355 after EU GDP came in at 1.7% vs. 1.8% eyed a sharp drop off from the 2.2% growth the period prior. This was the weakest reading in 4 years and poses a serious obstacle to ECB’s desire to normalize rates at the start of 2019

PREVIOUS DAY ACTIVITY

For the day  Germany’s DAX closed at 11,287.39  up with +0.42% percent or  +48.09 point. the FTSE 100 closed at 7,035.85 up with +0.14% percent or +9.53 point. France’s CAC 40 closed at 4,978.53 with a loss of -0.22% percent or  -10.82 point.
 

WORLD MARKETS

For the day the Dow is trading at 24,874.64  up with +1.77% percent or  +431.72 point. The S&P 500 is trading at 2,682.63 up with +1.57% percent or +41.38 point. The Nasdaq Composite is trading at 7,161.65 up with +1.58% percent or +111.36 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,920.46 up with +2.16% percent or +463.17 point. Hong Kong’s Hang Seng is trading at 24,853.95  up with +1.09% percent or +268.42 point. China’s Shanghai Composite is trading at 2,602.78 up  with +1.35% percent or  +34.74 point. India’s BSE Sensex is trading at 33,961.56 up with +0.21% percent or +70.43 point at 12:15 PM.

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