DAX Futures Morning Update on 12 February 2019

The DAX Futures is trading at 11,112.50  up with +1.01% percent or +111.10 point.The FTSE 100 Futures is trading at 7,084.80  up with +0.20% percent or +14.30 point. The CAC 40 Futures is trading at 5,043.80 up with +0.59% percent or +29.80 point.  The EURO Stoxx 50 Futures trading at 3,181.50 up with +0.73% percent or +23.00 point.

TODAY’S FACTORS AND EVENTS

The German trade surplus decreased to EUR 13.9 billion in December 2018 from EUR 18.4 billion in the same month a year earlier. It was the smallest trade surplus since January 2016, mainly due to a sharp decline in exports. 

Exports slumped 4.5 percent from a year earlier to EUR 96.1 billion in December, as sales to the EU declined 4.6 percent to EUR 55.2 billion, in particular Euro area (-4.1 percent to EUR 35.3 percent) and non-Euro area countries (-5.5 percent to EUR 19.9 percent). In addition, exports to countries outside the EU dropped 4.3 percent to EUR 40.9 billion.
Meanwhile, imports were nearly unchanged at EUR 82.1 billion. Purchases from the EU went up 1.2 percent to EUR 47.3 billion, driven by imports from the Euro area (3 percent to EUR 31.4 billion) while there were declines in imports from non-Euro area countries (-2.1 percent to EUR 15.9 billion). Also, imports from countries outside the EU fell 1.6 percent to EUR 34.8 billion.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,014.59 up with +0.99% percent or +107.81 point.the FTSE 100 closed at 7,129.11 up with 0.82% percent or +57.93 point. France’s CAC  40 closed at 5,014.47  up with +1.06% percent or +52.84  point.

WORLD MARKETS

For the day the Dow is trading at 25,053.11 with a loss of -0.21% percent or -53.22 point. The S&P 500 is trading at 2,709.80  up with +0.071% percent or +1.92 point. The Nasdaq Composite is trading at 7,307.90  up with +0.13% percent or +9.71 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,864.21  up with +2.61% percent or +531.04 point. Hong Kong’s Hang Seng is trading at 28,141.18   with a loss of -0.0095% percent or -2.66 point. China’s Shanghai Composite is trading at 2,671.89 up with +0.68% percent or +18.00 point. India’s BSE Sensex is trading at 36,351.04  with a loss of -0.12% percent or -43.99 point at 12:15 PM.

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