DAX Futures Morning Update on 04 January 2018

The DAX Futures is trading at 10,503.20 up with +0.68% percent or +70.70 point.The FTSE 100 Futures is trading at 6,679.20 up with +0.54%percent or +36.20 point. The CAC 40 Futures is trading at 4,614.00  with a loss of -1.55% percent or -72.50 point.  The EURO Stoxx 50 Futures trading at 2,965.50 with +0.68% percent or +20.00 point.

TODAY’S FACTORS AND EVENTS

hopes for a positive start to the New Year were quickly dashed, as Asian and European stock markets declined sharply on Thursday. Investors responded negatively after Apple (NASDAQ:AAPL) cut its quarterly sales forecast. The revenue warning, which was released after the close of North American markets on Wednesday, caught the markets by surprise. Apple blamed the downturn on weaker iPhone sales in China, which has been hit by an economic slowdown due to the ongoing tariff battle with the United States. Will the downturn continue? Last week, the DAX dropped to 10,279, its lowest level since November 2016, and investors are sorely in need of some positive news to shore up their badly-shaken confidence.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 10,416.66  with a loss of -1.55% percent or -163.53 point.the FTSE 100 closed at 6,692.66 up with +0.68% percent or +19.00 point. France’s CAC  40 closed at 4,611.49  with a loss of -1.66% percent or -77.90 point.

WORLD MARKETS

For the day the Dow is trading at 22,686.22  with  a loss of -2.83% percent or -660.02 point. The S&P 500 is trading at 2,447.89  with a loss of  -2.48% percent or -62.14 point. The Nasdaq Composite is trading at 6,463.50 with a loss of -3.04% percent or -202.43 point.

In other parts of world, Japan’s Nikkei 225 is trading at 19,561.96   with a loss of -2.26% percent or -452.81 point. Hong Kong’s Hang Seng is trading at 25,473.49  up with +1.63% percent or +409.13 point. China’s Shanghai Composite is trading at 2,510.77 up with +2,510.77 percent or  +46.40 point. India’s BSE Sensex is trading at 35,573.49 up with +0.15% percent or +54.18  point at 12:15 PM.