DAX Futures Morning Update on 14 May 2019

The DAX Futures is trading at 11,921.80  up with +0.56% percent or +66.20 point.The FTSE 100 Futures is trading at 7,148.80  up with +0.26% percent or +18.80 point. The CAC 40 Futures is trading at 5,228.00  with a loss of -0.60% percent or -31.50 point.  The EURO Stoxx 50 Futures trading at 3,306.00 up with +0.61% percent or +20.00 point.

TODAY’S FACTORS AND EVENTS

The DAX saw its largest weekly loss in 2019 (-2.8%), which briefly dipped below the psychological 12000 level. The prior week gains had been curbed at the 12460 level, which represents the Sep 21st and 27thdouble top. Subsequently, the DAX proceeded to drop below the 61.8% Fibonacci retracement before finding support at 12000. A closing break below however, puts the 50% fib under threat

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,876.65  with a loss of -1.52% percent or -183.18 point. the FTSE 100 closed at 7,163.68 with a loss of -0.55% percent or -39.61 point. France’s CAC  40 closed at 5,262.57  with a loss of -1.22%percent or -64.86 point. 

WORLD MARKETS

For the day the Dow is trading at 25,324.99   with a loss of -2.38% percent or -617.38    point. The S&P 500 is trading at 2,811.87 with a loss of -2.41% percent or -69.53 point. The Nasdaq Composite is trading at 7,647.02 with a loss of -3.41% percent or -269.92 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,067.23 with a loss of -0.59% percent or -124.05 point. Hong Kong’s Hang Seng is trading at 28,056.79 with a loss of -1.73% percent or -493.45   point. China’s Shanghai Composite is trading at 2,884.19  with a loss of -0.67% percent or -19.52 point. India’s BSE Sensex is trading at 37,027.19  with a loss of -0.17% percent or -63.63 point at 12:15 PM.