DAX Futures Morning Update on 29 January 2019

The DAX Futures is trading at 11,217.00  with a loss of -0.10% percent or -11.40 point. The FTSE 100 Futures is trading at 6,708.00 up with +0.02% percent or +1.10 point. The CAC 40 Futures is trading at 4,895.00  with a loss of -0.57% percent or -28.00 point. The EURO Stoxx 50 Futures trading at 3,132.50  with a loss of -0.16% percent or -5.00 point.

TODAY’S FACTORS AND EVENTS

German numbers continue to worry investors. On Friday, German Ifo Business Climate dipped to 99.1, below the 100-level for the first time since 2010. Earlier in the week, a ZEW survey found that institutional investors remain deeply pessimistic about the German and eurozone economies. There was also grim news from the manufacturing front, as German manufacturing PMI slipped to 49.9, falling into contraction territory for the first time since 2013. As the largest economy in the eurozone, Germany is a bellwether for the rest of the bloc, and if the soft numbers continue, investors could lose their enthusiasm for the euro.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,210.31  with a loss of -0.63% percent or -71.48 point. the FTSE 100 closed at 6,747.10 with a loss of -0.91% percent or -62.12 point. France’s CAC  40 closed at 4,888.58  with  a loss of -0.76% percent or -37.24 point.

WORLD MARKETS

For the day the Dow is trading at 24,528.22  with a loss of -0.84% percent or -208.98 point. The S&P 500 is trading at 2,643.85 with a loss of -0.78% percent or -20.91 point. The Nasdaq Composite is trading at 7,085.68  with a loss of -1.11% percent or -79.18 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,664.64  up with +0.076% percent or +15.64 point. Hong Kong’s Hang Seng is trading at 27,506.28  with a loss of -0.26% percent or -70.68 point. China’s Shanghai Composite is trading at 2,594.25 with a loss of -0.10% percent or -2.72 point. India’s BSE Sensex is trading at 35,595.18  with a loss of -0.17% percent or -61.52 point at 12:15 PM.

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