DAX Futures Morning Update on 28 May 2019

The DAX Futures is trading at 12,090.50  up with +0.21% percent or +25.70 point.The FTSE 100 Futures is trading at 7,281.80  up with +0.25% percent or +18.30 point. The CAC 40 Futures is trading at 5,336.19 up with +0.37% percent or +19.68 point.  The EURO Stoxx 50 Futures trading at 3,356.00 up with +0.06% percent or +2.00 point.

TODAY’S FACTORS AND EVENTS

Such a movement is observed in case of the strengthening of the euro and weakening of the South African rand. The rate of the South African Reserve Bank is 6.75%, which is noticeably higher than the 4.4% inflation. The regulator is considering the possibility of a rate cut in order to maintain the economic growth in South Africa. This can have a negative impact on the exchange rate of the rand. The South African Reserve Bank lowered its forecast for the GDP growth in South Africa in 2019 to 1%, while in January it expected + 1.5%. In turn, the euro strengthened amid the resignation of British Prime Minister Theresa May and the defeat of the Euroskeptics party in Denmark at the European Parliament elections. Amid the worsening of the US-China trade war, the European currency may become more attractive for investors.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,071.18  up with +0.50% percent or +60.14  point.the FTSE 100 closed at 7,277.73 up with +0.65% percent or +46.69 point. France’s CAC  40 closed at 5,336.19  up with +0.37% percent or +19.68 point.

WORLD MARKETS

For the day the Dow is trading at 25,585.69 with a loss of -0.74% percent or -190.92 point. The S&P 500 is trading at 2,826.06 up with +0.14% percent or +3.82 point. The Nasdaq Composite is trading at 7,637.01  up with +0.11% percent or +8.73 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,260.14  up with +0.37% percent or +77.56 point. Hong Kong’s Hang Seng is trading at 27,388.96  up with +0.37% percent or +100.87   point. China’s Shanghai Composite is trading at 2,898.13  up with +0.20% percent or +5.76 point. India’s BSE Sensex is trading at 39,643.29  with a loss of -0.10% percent or -40.00  point at 12:15 PM.

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