DAX Futures Morning Update on 19 November

The DAX Futures is trading at 11,351.50  with  a loss of  -0.22% percent or -25.00 point.The FTSE 100 Futures is trading at 7,014.80 with a loss of -0.36% percent or -25.20 point. The CAC 40 Futures is trading at 5,021.00 with a loss of -0.25% percent or -12.50 point . The EURO Stoxx 50 Futures trading at 3,182.00  with 0.00% percent or 0.00 point.

TODAY’S FACTORS AND EVENTS

The DAX has had a dismal week, posting losses of 1.80 percent. Risk appetite soured this week after Germany reported that GDP in the third quarter had declined 0.2%, marking the first contraction in GDP since 2015. German officials put a spin on the weak release, saying that the contraction was largely due to weakness in the auto sector as a result of new pollution standards. In truth, it’s likely that the skid is also due to the global trade war, which has also resulted in U.S. tariffs on European products. Another alarm signal is weak investor confidence. German ZEW Economic Sentiment posted a second straight soft release for November, with a reading of -24.1 points. This points to deep pessimism on the part of institutional investors and analysts. The ZEW added that investors did not expect a rapid recovery from the current weakness, and if is the prevailing sentiment among investors, more headwinds could be in store for European equity markets.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,341.00  with a loss of -0.11% percent or  -12.67 point. the FTSE 100 closed at 7,013.88   with a loss of -0.34% percent or -24.13 point. France’s CAC 40 closed at 5,025.20  with a loss of -0.17% percent or -8.42 point. 

WORLD MARKETS

For the day the Dow is trading at 25,413.22 up with +0.49% percent or  +123.95 point. The S&P 500 is trading at 2,736.27 up with +0.22% percent or +6.07 point. The Nasdaq Composite is trading at 7,247.87  with a loss of -0.15% percent or -11.16   point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,821.16 up  with +0.65% percent or +140.82 point. Hong Kong’s Hang Seng is trading at 26,339.23 up with +0.59% percent or +155.70 point. China’s Shanghai Composite is trading at 2,703.51 up with +0.91% percent or  +24.40 point. India’s BSE Sensex is trading at 35,595.48 up with +0.39% percent or +138.32 point at 12:15 PM.

You may also like...

Rules of Discussion on DAX Futures Morning Update on 19 November

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean