The DAX Futures is trading at 10,924.20 with a loss of -0.04% percent or -4.3 point. The FTSE 100 Futures is trading at 6,783.00 with a loss of -0.03% percent or -2.00 point. The CAC 40 Futures is trading at 4,836.80 with a loss of -0.06% percent or -2.70 point.The EURO Stoxx 50 Futures trading at 3,076.00 with a loss of -0.16% percent or -5.00 point.
TODAY’S FACTORS AND EVENTS
the DAX, which has nosedived 5.25%. Earlier in the day, the pair dropped below the 11,000 mark, for the first time since December 2016. Bank and automaker shares are dragging down the DAX on Thursday. Deutsche Bank (DE:DBKGn) has dropped 3.55%, Daimler is down 3.28% and Volkswagen (DE:VOWG_p) has declined 2.73%. Investors remain jittery about global economic growth and the U.S- China trade war. President Trump has agreed to suspend further tariffs for 90 days, and this move gave a boost to equity markets at the beginning of the week. However, risk apprehension quickly returned, leading to sharp losses this week. Negotiations between the U.S. and China promise to be difficult, which could mean more headwinds for the DAX.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,947.67 with a loss of -0.32% percent or -79.40 point. The S&P 500 is trading at 2,695.95 with a loss of – 0.15% percent or -4.11 point. The Nasdaq Composite is trading at 7,188.26 up with +0.42% percent or +29.83 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,678.68 up with +0.82% percent or +177.06 point. Hong Kong’s Hang Seng is trading at 26,166.40 up with +0.038% percent or +10.02 point. China’s Shanghai Composite is trading at 2,605.89 up with +0.027% percent or +0.71 point. India’s BSE Sensex is trading at 35,516.54 up with +0.58% percent or +204.99 point at 12:15 PM.