DAX Futures Morning Update on 31 July 2019

The DAX Futures is trading at 12,153.30 up with +0.32% percent or +38.80 point.The FTSE 100 Futures is trading at 7,558.20 with a loss of -0.42% percent or -31.80 point. The CAC 40 Futures is trading at 5,513.82  up with +0.050% percent or +2.76 point.  The EURO Stoxx 50 Futures trading at 3,454.00  up with +0.09% percent or +3.00 point.

TODAY’S FACTORS AND EVENTS

The DAX was tossed last week following the ECB meeting, selling off aggressively after trying to trade to its best levels of the year. So far, this has led to downside follow-through in the absence of dip-buyers. There is immediate trend-line support from the June low, but a more important trend-line may soon be tested.

The trend-line rising up from the December trough (significant swing-low) and running under the June low (bottom of largest correction this year) is not too far away. At this time it is also in confluence with the July low at 12172.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,155.72  with 0.08% percent or +9.36 point.the FTSE 100 closed at 7,617.30  with a loss of -0.39% percent or -29.47 point. France’s CAC  40 closed at 5,515.43 up with +0.079% percent or +4.37 point.

WORLD MARKETS

For the day the Dow is trading at 27,198.02  with a loss of -0.086% percent or -23.33 point. The S&P 500 is trading at 3,013.18 with a loss of -0.26% percent or -7.79 point. The Nasdaq Composite is trading at 8,273.61  with a loss of -0.24% percent or -19.71 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,521.53 with a loss of -0.86% percent or -187.78 point. Hong Kong’s Hang Seng is trading at 27,777.75  with a loss of -1.31% percent or -368.75 point. China’s Shanghai Composite is trading at 2,932.51  with a loss of -0.67% percent or -19.83 point. India’s BSE Sensex is trading at 37,448.44  up with +0.14% percent or +51.20 point at 12:15 PM.

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