DAX Futures Morning Update on 10 January 2018

The DAX Futures is trading at 10,818.50  with a loss of -0.56% percent or -61.00 point.The FTSE 100 Futures is trading at 6,817.50  with a loss of -0.21% percent or -14.50 point. The CAC 40 Futures is trading at 4,781.50 with a loss of -0.60% percent or -29.00 point.  The EURO Stoxx 50 Futures trading at 3,042.50  with a loss of -0.60% percent or -18.50  point.

TODAY’S FACTORS AND EVENTS

There are two main reasons for renewed market optimism. First, Fed Chair Jerome Powell sent a dovish message to the markets, in sharp contrast to the Fed rate statement in December, which was more hawkish than expected and was poorly received by the markets. Powell said that the policymakers would be cautious before making any rate decisions, a strong hint that the Fed will not continue its aggressive rate policy, with four rate hikes in 2018. Policymakers have been talking about one or two hikes in 2019, and some analysts are predicting a rate cut late in the year.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 10,893.32  up with +0.83% percent or +89.34 point.the FTSE 100 closed at 6,906.63 up with +0.66% percent or +45.03 point. France’s CAC  40 closed at 4,813.58  up with +0.84% percent or +40.31 point. 

WORLD MARKETS

For the day the Dow is trading at 23,879.12  up with  +0.39% percent or +91.67 point. The S&P 500 is trading at 2,584.96  up with +0.41% percent or +10.55 point. The Nasdaq Composite is trading at +6,957.08 up with +0.87% percent or +60.08 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,163.80  with a loss of  -1.29% percent or -263.26 point. Hong Kong’s Hang Seng is trading at 26,467.16  up with +0.018% percent or +4.84  point. China’s Shanghai Composite is trading at 2,535.10  with a loss of -0.36% percent or  -9.25 point. India’s BSE Sensex is trading at 36,130.63  with a loss of -0.23% percent or -82.28 point at 12:15 PM.

You may also like...

Rules of Discussion on DAX Futures Morning Update on 10 January 2018

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean