DAX Futures Morning Update on 31 May 2019

The DAX Futures is trading at 11,763.00  with a loss of -1.32% percent or -157.50 point.The FTSE 100 Futures is trading at 7,167.20  with a loss of  -0.63% percent or -45.80 point. The CAC 40 Futures is trading at 5,248.91 up  with +0.51% percent or +26.79 point.  The EURO Stoxx 50 Futures trading at 3,278.00 with a loss of -1.21% percent or -40.00 point.

TODAY’S FACTORS AND EVENTS

The fractals in the German DAX index unfolded in an unorthodox manner since late 2017. The index marked its all-time high with a rare pattern. A 3-wave advance led to that high. Subsequently, German equities embarked on a multi-month correction. It displays sharp and overlapping swing characteristics. These fit best to a bearish expanding diagonal pattern.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,902.08  up with +0.54% percent or +64.27  point. the FTSE 100 closed at 7,218.16  up with +0.46% percent or +32.86 point. France’s CAC  40 closed at 5,248.91  up with +0.51% percent or +26.79 point. 

WORLD MARKETS

For the day the Dow is trading at 25,169.88 up with +0.17% percent or +43.47 point. The S&P 500 is trading at 2,788.86 up with +0.21% percent or +5.84 point. The Nasdaq Composite is trading at 7,567.72  up with +0.27% percent or +20.41 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,601.19  with a loss of -1.63% percent or -341.34 point. Hong Kong’s Hang Seng is trading at 26,954.29 with a loss of -0.59% percent or -160.59   point. China’s Shanghai Composite is trading at 2,901.89  with a loss of -0.13% percent or -3.92 point. India’s BSE Sensex is trading at 39,760.29  with a loss of -0.17% percent or -66.28 point at 12:15 PM.