DAX Futures Morning Update on 21 May 2019

The DAX Futures is trading at 12,088.80 up with +0.25% percent or +30.10 point. The FTSE 100 Futures is trading at 7,314.00  up with +0.36% percent or +26.00 point. The CAC 40 Futures is trading at 5,322.50  up with +0.46% percent or +24.50 point. The EURO Stoxx 50 Futures trading at 3,362.00 up with +0.48% percent or +16.00 point.

TODAY’S FACTORS AND EVENTS

The DAX index posted strong gains last week, climbing 1.49%. However, the index has reversed directions on Monday and posted sharp losses. Risk appetite soured on Friday, after President Trump issued an executive order to blacklist Huawei, a Chinese telecom company. Last week, Trump issued a moratorium on tariffs against European automakers, but investors remain wary. German automaker listings have posted sharp losses on Monday – BMW is down 2.03%, Daimler has fallen 1.60% and Volkswagen (DE:VOWG_p) has declined 1.22%. With U.S.-China talks on hold, traders should be prepared for more swings this week.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,041.29  with a loss of -1.61% percent or -197.65  point. the FTSE 100 closed at 7,310.88 with a loss of -0.51% percent or -37.74 point. France’s CAC  40 closed at 5,358.59 with a loss of -1.46% percent or -79.64 point. 

WORLD MARKETS

For the day the Dow is trading at 25,679.90 with a loss of -0.33% percent or -84.10  point. The S&P 500 is trading at 2,840.23 with a loss of -0.67% percent or -19.30 point. The Nasdaq Composite is trading at 7,702.38 with a loss of -1.46% percent or -113.91 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,272.45  with a loss of -0.14% percent or -29.28 point. Hong Kong’s Hang Seng is trading at 27,753.00 with a loss of -0.12% percent or -34.61   point. China’s Shanghai Composite is trading at 2,907.55  up with +1.29% percent or +36.94 point. India’s BSE Sensex is trading at 39,407.05 up with +0.14% percent or +54.38 point at 12:15 PM.