DAX Futures Morning Update on 25 June 2019

The DAX Futures is trading at 12,196.20  with a loss of -0.33% percent or -40.70 point. The FTSE 100 Futures is trading at 7,315.30  with a loss of -0.35% percent or -25.70 point. The CAC 40 Futures is trading at 5,521.71  with a loss of -0.12% percent or -6.62 point. The EURO Stoxx 50 Futures trading at 3,428.00  with a loss of -0.23% percent or -8.00 point.

TODAY’S FACTORS AND EVENTS

some positive headlines hit the tape regarding the China trade deal, and by 10:00 the ESU had rallied to print another new all time high at 2969.25. From there, sell imbalances began to increase, and they eventually took over, taking the futures back down to 2955.50.

Once the morning excitement died down, the ES drifted sideways in a 6 handle range for the rest of the day, patiently waiting for the June Quad Witch expiration to pass.

Going into the close, we were pretty much expecting a heavy MOC imbalance, due to the options expiration, and we weren’t disappointed when the MiM reveal showed close to $4 billion to buy. The futures made a counter reaction to that number though, breaking from 2962.00 down to 2955.00 on the 3:00 cash close, and finishing the day at 2951.00 on the 3:15 futures close, just a few handles off the Globex lows.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,274.57  with a loss of -0.53% percent or -65.35 point.the FTSE 100 closed at 7,416.69  up with +0.12% percent or +9.19 point. France’s CAC  40 closed at 5,521.71   with a loss of -0.12% percent or -6.62 point.

WORLD MARKETS

For the day the Dow is trading at 26,727.54 up with +0.031% percent or +8.41 point. The S&P 500 is trading at 2,945.35 with a loss of -0.17% percent or -5.11 point. The Nasdaq Composite is trading at 8,005.70  with a loss of -0.32% percent or -26.01 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,193.81  with a loss of -0.43% percent or -92.18 point. Hong Kong’s Hang Seng is trading at 28,161.20  with a loss of -1.23% percent or -351.80    point. China’s Shanghai Composite is trading at 2,983.09  with a loss of -0.83% percent or -25.06 point. India’s BSE Sensex is trading at 39,222.75 up with +0.26% percent or +99.79 point at 12:15 PM.