DAX Futures Morning Update on 23 November

The DAX Futures is trading at 11,133.00  with a loss of -0.01% percent or -1.00 point.The FTSE 100 Futures is trading at 6,956.00  with a loss of -0.16% percent or -0.16% point. The CAC 40 Futures is trading at 4,923.50 up with +0.01% percent or +0.50 point.  The EURO Stoxx 50 Futures trading at 3,119.00  up with +0.06% percent or +2.00 point.


The DAX continues to show volatility this week. After sharp losses early in the week, the index posted gains on Wednesday, but has again headed lower in Thursday trade. The slide was caused by a sharp fall in technological stocks, which sent U.S markets nosediving and spread to the Asian and European markets. The DAX has had a dismal fourth quarter, losing 6.67% in October and 2.1% in November. This is reflective of sharp losses in global equity markets, as nervous investors fret over the economic ramifications from the escalating trade war between the U.S. and China. The trade war has already caused a slowdown in the Chinese economy, and analysts are expecting the U.S economy to slow, with talk of a recession being bandied about. With no signs that the U.S or China will back down, traders can expect more headwinds for global stock markets, many of which have given up their year-to-date gains..


For the day Germany’s DAX closed at 11,138.49 up with a loss of  -0.94% percent or  -105.68 point. the FTSE 100 closed at 6,960.32   with a loss of -1.28% percent or -89.91 point. France’s CAC 40 closed at 4,938.14 with a loss of -0.75% percent or -37.36 point.


For the day the Dow is trading at 24,464.69  with a loss of 0.0039% percent or  -0.95 point. The S&P 500 is trading at 2,649.93 up with +0.30% percent or +8.04 point. The Nasdaq Composite is trading at 6,972.25  up with +0.92% percent or +63.43 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,646.55 up with +0.65% percent or+139.01 point. Hong Kong’s Hang Seng is trading at 25,911.96  with a loss of -0.41% percent or -107.45 point. China’s Shanghai Composite is trading at 2,579.48  with a loss of -2.49% percent or  -65.95 point. India’s BSE Sensex is trading at 34,981.02  with a loss of -0.62% percent or -218.78 point at 12:15 PM.

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