DAX Futures Morning Update on 06 August 2019

The DAX Futures is trading at 11,679.80 up with +1.15% percent or +133.30 point.The FTSE 100 Futures is trading at 7,116.00 with a loss of -0.51% percent or -36.50 point. The CAC 40 Futures is trading at 5,246.50  up with +0.11% percent or +6.00 point.  The EURO Stoxx 50 Futures trading at 3,308.00  up with +0.55% percent or +18.00 point.


Last week saw the Federal Reserve cut interest rates for the first time in over a decade. However, markets were left slightly disappointed with Chair Powell’s rather confusing press conference, highlighting that this is a mid-cycle adjustment. That said, based on previous cycles, there is never just one rate cut and we don’t believe it will be the case this time round as FFR futures price a near certainty that interest rates will be lowered again in September. With the Fed now easing policy amid trade war risks, President Trump was able to quickly take advantage of this by announcing that an additional 10% tariff rate will be placed on $300bln worth of Chinese goods, consequently weighing on risk appetite. A trade deal happening this year is becoming increasingly unlikely as eyes now focus on Beijing and how they will retaliate to the latest escalation.


For the day Germany’s DAX closed at 11,698.63 up with +0.34% percent or +0.34% point. the FTSE 100 closed at 7,191.09 with a loss of -0.45% percent or -32.76 point. France’s CAC  40 closed at 5,255.97  up with +0.28% percent or +14.43 point.


For the day the Dow is trading at 25,717.74  with a loss of -2.90% percent or -767.27 point. The S&P 500 is trading at S&P 500 with a loss of -2.98% percent or -87.31 point. The Nasdaq Composite is trading at 7,726.04 with a loss of -3.47% percent or -278.03 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,720.29 with a loss of -1.74% percent or -366.87 point. Hong Kong’s Hang Seng is trading at 26,178.56  with a loss of -2.75% percent or -740.02 point. China’s Shanghai Composite is trading at 2,821.50  with a loss of -1.62% percent or -46.34 point. India’s BSE Sensex is trading at 36,671.11  with a loss of -1.21% percent or -447.99 point at 12:15 PM.

You may also like...

Rules of Discussion on DAX Futures Morning Update on 06 August 2019

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …