DAX Futures Morning Update on 28 February 2019

The DAX Futures is trading at 11,418.50 with a loss of -0.61% percent or -70.00 point. The FTSE 100 Futures is trading at 7,062.20  with a loss of -0.26% percent or -18.30 point. The CAC 40 Futures is trading at 5,216.80  with a loss of –0.13% percent or -6.70 point. The EURO Stoxx 50 Futures trading at 3,270.50  with a loss of -0.32% percent or -10.50 point.

TODAY’S FACTORS AND EVENTS

Risk appetite remains strong, and the DAX has responded well. On Tuesday, the DAX climbed to 11,556, its highest level since early December. With President Trump waiving his threat to impose new tariffs on China next week, risk appetite remains strong. There is even talk of a meeting between Trump and Chinese President Xi at the end of March if the sides reach an agreement. However, significant questions remain. With almost no news about the substance of the talks, it remains unclear if China will agree to substantial structural changes in trade, as demanded by the United States. Another question mark is whether the current set of tariffs will be completely removed if a deal is reached. Still, if the sides reach a deal, it could fuel a strong rally in global stock markets. Meanwhile, Trump is meeting with North Korean leader Kim in Hanoi, and any tangible steps to denuclearize North Korea could trigger strong gains for equities.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,487.33  with a loss of -0.46% percent or -53.46 point. the FTSE 100 closed at 7,061.08   with a loss of -0.65% percent or -46.12 point. France’s CAC  40 closed at 5,225.35  with a loss of -0.26% percent or -13.36 point. 

WORLD MARKETS

For the day the Dow is trading at 25,985.16  with a loss of -0.28% percent or -72.82 point. The S&P 500 is trading at 2,792.38 with a loss of -0.054% percent or -1.52 point. The Nasdaq Composite is trading at 7,554.51  up with +0.069% percent or +5.21 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,385.16  with a loss of -0.79% percent or -171.35 point. Hong Kong’s Hang Seng is trading at 28,633.18   with a loss of -0.43% percent or -124.26 point. China’s Shanghai Composite is trading at 2,940.95  with a loss of -0.44% percent or -12.87  point. India’s BSE Sensex is trading at 35,938.34 up with +0.092% percent or +32.91 point at 12:15 PM.