DAX Futures Morning Update on 22 January 2019

The DAX Futures is trading at 11,084.50 with a loss of -0.52% percent or -57.50 point. The FTSE 100 Futures is trading at 6,886.00  with a loss of -0.47% percent or -32.80 point. The CAC 40 Futures is trading at 4,869.00 up with +0.01% percent or +0.60 point. The EURO Stoxx 50 Futures trading at 3,102.50 with a loss of  -0.51% percent or -16.00 point.

TODAY’S FACTORS AND EVENTS

The DAX has jumped out of gates in 2019, climbing 6.4% in January, as risk appetite remains strong. However, the index has started the trading week with losses, as investors gave a thumbs-down to soft GDP data out of China. The economy grew 6.6% in 2018, marking its lowest level since 1990. GDP for the fourth quarter dipped to 6.4%, compared to 6.5% in the previous quarter. The soft GDP release comes on the heels of soft trade and manufacturing data, as China is experiencing a slowdown due to the ongoing U.S-China trade war. The Trump administration has threatened further tariffs if a deal is not reached by March 1, but the markets are hopeful that the sides will reach an agreement. The second round of negotiations between U.S. and Chinese officials is scheduled for the end of the month in Washington. Chinese officials will be under pressure to show more flexibility in the talks, in order to stem the economic bleeding

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,136.20 with a loss of -0.62% percent or -69.34 point.the FTSE 100 closed at 6,970.59 up with +0.032% percent or +2.26 point. France’s CAC  40 closed at 4,867.78  with a loss of  -0.17% percent or -8.15 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 20,622.91 with a loss of -0.47% percent or -96.42 point. Hong Kong’s Hang Seng is trading at 26,933.55  with a loss of  -0.97% percent or -262.99 point. China’s Shanghai Composite is trading at 2,579.70  with a loss of -1.18% percent or  -30.81 point. India’s BSE Sensex is trading at 36,342.71   with a loss of -0.65% percent or -236.25 point at 12:15 PM.

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