DAX Futures Morning Update on 02 July 2019

The DAX Futures is trading at 12,537.50  up with +0.09% percent or +11.70 point.The FTSE 100 Futures is trading at 7,458.80 up with +0.29% percent or +21.30 point. The CAC 40 Futures is trading at 5,567.91  up with +0.52% percent or +28.95 point.  The EURO Stoxx 50 Futures trading at 3,494.00 up with  +0.11% percent or +4.00 point.

TODAY’S FACTORS AND EVENTS

U.S. The Department of Agriculture (USDA) reported that by the end of May this year, frozen beef stocks in the United States were 13% lower than the same period in 2018. Will the Fcattle quotations increase?

According to the USDA, the daily slaughter of cattle (cattle) in the United States last week amounted to 122 thousand heads, which is almost 2% more than last year. We also note that by June 1 of this year, the number of cattle in the US feedlots reached a historical maximum of 11.7 million heads, which was 2% on June 1, 2018. Meanwhile, in May, deliveries of cows to feedlots decreased by 3% from last year’s level. If this trend of reduction has lasted in June, then the livestock as of July 1 may decrease. This is able to push quotes up. June data will be published on July 19.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,521.38 up with +0.99% percent or +122.58  point.the FTSE 100 closed at 7,497.50  up with +0.97% percent or +71.87 point. France’s CAC  40 closed at 5,567.91  up with +0.52% percent or +28.95 point.

WORLD MARKETS

For the day the Dow is trading at 26,717.43 up with +0.44% percent or +117.47 point. The S&P 500 is trading at 2,964.33 up with +0.77% percent or +22.57 point. The Nasdaq Composite is trading at 8,091.16  up with +1.06% percent or +84.92 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,754.27  up with +0.11% percent or +24.30point. Hong Kong’s Hang Seng is trading at 28,919.40  up with +1.32% percent or +376.78 point. China’s Shanghai Composite is trading at 3,045.47  up with +0.019% percent or +0.50 point. India’s BSE Sensex is trading at 39,580.65 with a loss of -0.27% percent or -105.85 point at 12:15 PM.