DAX Futures Morning Update on 08 May 2019

The DAX Futures is trading at 12,145.00 up with +0.45% percent or +54.80 point.The FTSE 100 Futures is trading at 7,199.20  with a loss -0.09% percent or -6.80 point. The CAC 40 Futures is trading at 5,380.80 up  with +0.07% percent or+3.80 point.  The EURO Stoxx 50 Futures trading at 3,440.00  up with +0.54% percent or +18.00 point.

TODAY’S FACTORS AND EVENTS

The inflation rate in Germany is expected to jump to 2 percent year-on-year in April 2019 from an 11-month low of 1.3 percent in the previous month and well above market expectations of 1.6 percent. That should be the highest rate since November.

Services inflation is expected to climb to 2.1 percent in April from 1.2 percent in March, with rents prices advancing 1.4 percent, the same pace as in the previous month. Also, energy prices are set to increase 4.6 percent, faster than 4.2 percent in March; and food prices are likely to rise 0.8 percent, compared to 0.7 percent in the previous period.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,131.40 up with +0.31% percent or +37.83 point. the FTSE 100 closed at 7,253.11 with a loss of -0.10% percent or -7.36 point. France’s CAC  40 closed at 5,394.10  with a loss of -0.030% percent or -1.64 point. 

WORLD MARKETS

For the day the Dow is trading at 25,965.09 with a loss of -1.79% percent or -473.39  point. The S&P 500 is trading at 2,884.05 with a loss of -1.65% percent or -48.42 point. The Nasdaq Composite is trading at 7,963.76  wilth  a loss of -1.96% percent or -159.53 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,602.59 with a loss of -1.46% percent or -321.13 point. Hong Kong’s Hang Seng is trading at 28,975.69 a loss of -1.32% percent or -387.33   point. China’s Shanghai Composite is trading at 2,893.76 with a loss of -1.12% percent or -32.63 point. India’s BSE Sensex is trading at 37,946.53 a loss of – 0.86% percent or -330.10 point at 12:15 PM.