The DAX Futures is trading at 10,756.00 up with +0.54% percent or +57.50 point.The FTSE 100 Futures is trading at 6,635.50 up with +0.07% percent or +4.50 point. The CAC 40 Futures is trading at 4,765.20 with a loss of -0.57% percent or -27.30 point. The EURO Stoxx 50 Futures trading at 3,029.50 up with +0.08% percent or +2.50 point.
TODAY’S FACTORS AND EVENTS
There hasn’t been a lot of developments to discuss lately with regards to the DAX, which may be a good thing for the health of the market. Quiet has become the new bullish with poor technical posturing hanging over the German benchmark’s head from a long-term standpoint.
If the DAX rallies from here it will be quick to bump its head into overhead levels, with the lows from last month right around the 11k-mark, followed by the trend-line from September, and underside of the 2011 trend-line just mentioned. One of those looks likely to stop a poorly postured market from bouncing. If it wants to rally at all.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,675.64 up with +0.35% percent or +82.66point. The S&P 500 is trading at 2,546.16 up with +0.0086% percent or +0.22 point. The Nasdaq Composite is trading at 6,783.91 up with +0.45% percent or +30.18 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,987.92 with a loss of -0.60% percent or -127.53 point. Hong Kong’s Hang Seng is trading at 25,848.39 up with +0.13% percent or +34.14 point. China’s Shanghai Composite is trading at 2,550.09 with a loss of -1.03% percent or -26.56 point. India’s BSE Sensex is trading at 36,463.83up with +0.32% percent or +116.75 point at 12:15 PM.