DAX Futures Morning Update on 24 January 2019

The DAX Futures is trading at 11,061.80 up with +0.09% percent or +10.30 point.The FTSE 100 Futures is trading at 6,781.30  with a loss of -0.03% percent or -1.70 point. The CAC 40 Futures is trading at 4,842.00 up with +0.09% percent or +4.50 point.  The EURO Stoxx 50 Futures trading at 3,107.50 up with +0.18% percent or +5.50 point.

TODAY’S FACTORS AND EVENTS

With the global trade war continuing to take a bite out of the eurozone economy, it is no surprise that growth forecasts for 2019 have been revised downwards. On Tuesday, the International Monetary Fund lowered its global and eurozone growth forecasts. In October, the IMF projected global growth of 3.7% percent, but this has been revised to 3.5 percent. IMF head Christine Lagarde said that the world’s economy continues to expand, but “it is facing significantly higher risks”. The forecast for Germany was lowered to 1.3%, down from 1.9% in December. The IMF said that German growth had been dampened by weak consumer demand and lower factory production, notably in the car industry. The grim forecast follows a soft Chinese GDP, which dropped to 6.6% in 2018, its weakest level since 1990.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,071.54 with a loss of -0.17% percent or -18.57 point.the FTSE 100 closed at 6,837.07 with a loss of -0.085% percent or -5.81 point. France’s CAC  40 closed at 4,840.38  with a loss of  -0.15% percent or -7.15 point. 

WORLD MARKETS

For the day the Dow is trading at 24,575.62 up with +0.70% percent or +171.14 point. The S&P 500 is trading at 2,638.70 up with +0.22% percent or +5.80 point. The Nasdaq Composite is trading at 7,025.77 up with +0.077% percent or +5.41 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,574.63 with a loss of -0.093% percent or -19.09 point. Hong Kong’s Hang Seng is trading at 27,120.98  up with +0.42% percent or +112.78 point. China’s Shanghai Composite is trading at 2,591.69  up with +0.41% percent or +10.69 point. India’s BSE Sensex is trading at 36,058.87   with a loss of -0.14% percent or -49.60 point at 12:15 PM.