DAX Futures Morning Update on 21 January 2019

The DAX Futures is trading at 11,200.50 with a loss of -0.31% percent or -35.00 point.The FTSE 100 Futures is trading at 6,914.30  with a loss of -0.32% percent or -22.00 point. The CAC 40 Futures is trading at 4,873.50 up with +1.65%  percent or +79.00 point.  The EURO Stoxx 50 Futures trading at 3,117.50 with a loss of  -0.35% percent or -11.00 point.

TODAY’S FACTORS AND EVENTS

Is the eurozone headed for a recession? Growth forecasts have been revised lower for the three largest economies in the bloc (Germany, France and Italy). The U.S-China trade war, which shows not signs of being resolved anytime soon, has taken a bite out of the eurozone export and manufacturing sectors have slowed. If the trade war worsens or the U.S. economy slows down in 2019, the eurozone could lapse into a recession. Given these weak economic conditions, the ECB, which finally terminated its massive stimulus program last month, is unlikely to raise interest rates before the fourth quarter of 2019. Just a few months ago, analysts were predicting a rate hike in the third quarter. Lower rates should be bullish for the equity markets, which will be more attractive to investors than the bond markets.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,205.54  up with +2.63% percent or +286.92 point.the FTSE 100 closed at 6,968.33 up with +1.95% percent or +133.41 point. France’s CAC  40 closed at 4,875.93 up with +1.70% percent or +81.57 point.

WORLD MARKETS

For the day the Dow is trading at 24,706.35 up with +2.06% percent or +499.19 point. The S&P 500 is trading at 2,670.71 up with +1.32% percent or +34.75 point. The Nasdaq Composite is trading at 7,157.23 up with +1.03% percent or +72.76 point.

In other parts of world, Japan’s Nikkei 225 is trading at 220,719.33 with +0.26% percent or +53.26 point. Hong Kong’s Hang Seng is trading at 27,176.94  with 0.32% percent or -102.95 point. China’s Shanghai Composite is trading at 2,610.51 up with +0.56% percent or  +14.50  point. India’s BSE Sensex is trading at 36,627.58  up with +0.66% percent or +240.97 point at 12:15 PM.

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