The DAX Futures is trading at 11,045.50 with a loss of -1.30% percent or -145.50 point.The FTSE 100 Futures is trading at 6,862.00 with a loss of -0.79% percent or -54.80 point. The CAC 40 Futures is trading at 4,933.50 with a loss of -1.40% percent or -70.00 point. The EURO Stoxx 50 Futures trading at 3,141.00 with a loss of -1.35% percent or -43.00 point.
TODAY’S FACTORS AND EVENTS
German stock markets started the week with gains, but this proved to be short-lived, as investor optimism following the Trump-Xi meeting quickly dissipated. Earlier on Wednesday, the DAX dropped to its lowest level since November 21, and has declined 2.50% this week. The markets climbed after President Trump and Chinese President Xi reached an agreement, whereby the U.S. agreed to suspend further tariffs until March 1. However, it’s unclear if the reprieve is simply a pause in the trade war between the world’s two largest economies. The sides remain far apart on a number of issues, including repeated charges by the U.S. that China is engaged in theft of U.S. intellectual property. The markets have been very sensitive to the trade dispute, and the upcoming negotiations between the U.S. and China, with the likely ups-and-downs, promise to have a significant effect on market movement.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,027.07with a loss of -3.10% percent or -799.36 point. The S&P 500 is trading at 2,700.06 with a loss of – 3.24% percent or -90.31 point. The Nasdaq Composite is trading at 7,158.43 with a loss of -3.80% percent or -283.09 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,501.62 with a loss of -1.91% percent or -417.71 point. Hong Kong’s Hang Seng is trading at 26,098.07 with a loss of -2.69% percent or -721.61 point. China’s Shanghai Composite is trading at 2,605.18 with a loss of -1.68% percent or -44.62 point. India’s BSE Sensex is trading at 35,556.84 with a loss of -0.90% percent or -322.53 point at 12:15 PM.