DAX Futures Morning Update on 08 February 2019

 The DAX Futures is trading at 11,008.80  with a loss of -0.11% percent or -11.80 point.The FTSE 100 Futures is trading at 7,034.50  with a loss of -0.20% percent or -13.90 point. The CAC 40 Futures is trading at 4,996.50  with a loss of -1.60% percent or -81.00 point. The EURO Stoxx 50 Futures trading at 3,151.50  with a loss of -0.10% percent or -3.00 point.

TODAY’S FACTORS AND EVENTS

The Dow’s relentless rise off the December low has allowed the index to take out resistance levels along the way with relative ease, most recently leaving the 200-day in its wake. This puts it on path towards 26k or better. It could turn down without extending that high given how stretched it is, but momentum still favors higher prices at the moment. A quick breather would do it some good first. Shorts won’t hold appeal again until we see a strong break in the upward trajectory.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,022.02 with a loss of -2.67% percent or -302.70 point.the FTSE 100 closed at 7,093.58 with a loss of -1.11% percent or -79.51 point. France’s CAC  40 closed at 4,985.56  with a loss of -1.84% percent or -93.49 point.

WORLD MARKETS

For the day the Dow is trading at 25,169.53 with a loss of -0.87% percent or -220.77 point. The S&P 500 is trading at 2,706.05 with a loss of -0.94% percent or -25.56 point. The Nasdaq Composite is trading at 7,288.35  with a loss of -1.18% percent or -86.93 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,333.17   with a loss of -2.01% percent or -418.11 point. Hong Kong’s Hang Seng is trading at 27,972.55  with a loss of  -0.063% percent or -17.66 point. China’s Shanghai Composite is trading at 2,618.23 up with +1.30% percent or +33.66 point. India’s BSE Sensex is trading at 36,741.37  with a loss of -0.62% percent or -229.72 point at 12:15 PM.

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