DAX Futures Morning Update on 10 december 2018

The DAX Futures is trading at 10,682.50 with a loss of -0.30% percent or -32.00 point. The FTSE 100 Futures is trading at 6,727.00  with a loss of  -0.52% percent or -35.00 point. The CAC 40 Futures is trading at 4,768.8 with a loss of -0.37% percent or –17.7  point .The EURO Stoxx 50 Futures trading at 3,031.50  with a loss of -0.28% percent or-8.50  point.

TODAY’S FACTORS AND EVENTS

 The DAX has plunged 5.55%, and dropped below the 11,000 level on Thursday, for the first time since December 2016. Bank and automaker shares were down sharply on Thursday, as investors continue to fret about the U.S-China trade war. There was some optimism early in the week after President Trump agreed to suspend further tariffs against China for 90 days. However, there are concerns that the two sides will not be able to close the gaps in their positions in just a few weeks. There was more bad news for the markets on Thursday, after a senior Chinese executive, Meng Wanzhou, was arrested in Vancouver for allegedly violating trade sanctions against Iran. Wanzhou faces extradition to the U.S., and China’s indignant response to the arrest could torpedo upcoming trade talks between the two countries. Even if the negotiations get off the ground, they promise to be difficult, which could mean more headwinds for the DAX.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 10,788.09 with a loss of -0.21% percent or  -22.89 point.the FTSE 100 closed at 6,778.11  up with +1.10% percent or +74.06 point. France’s CAC  40 closed at 4,813.13 up with +0.68% percent or +32.68 point. 

WORLD MARKETS

For the day the Dow is trading at 24,388.95 with a loss of -2.24% percent or -558.72 point. The S&P 500 is trading at 2,633.08 with a loss of – 2.33% percent or -62.87 point. The Nasdaq Composite is trading at 6,969.25   with a loss of -3.05% percent or -219.01 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,219.50 with a loss of -2.12% percent or -459.18 point. Hong Kong’s Hang Seng is trading at 25,765.86  with a loss of -1.14% percent or -297.90 point. China’s Shanghai Composite is trading at 2,584.58  with a loss of -0.82% percent or  -21.31 point. India’s BSE Sensex is trading at  35,127.80  with a loss of -1.53% percent or ?546.42 point at 12:15 PM.

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