DAX Futures Morning Update on 08 August 2019

DAX Futures is trading at 11,682.80 with a loss of -0.25% percent or -29.70 point. The FTSE 100 Futures is trading at 7,153.80 up with +0.43% percent or +30.30 point. The CAC 40 Futures is trading at 5,318.44  up with +0.99% percent or +51.93 point. The The EURO Stoxx 50 Futures trading at 3,326.00  with a loss of -0.06% percent or -2.00 point.

TODAY’S FACTORS AND EVENTS

The Reserve Bank of New Zealand shocked the market by cutting the rate by 50bps rather than the forecast 25bps instantly sending the kiwi lower by one big figure as the currency dropped below the .6400 level before recovering slightly by mid-morning London trade.

Bucking the gradualist approach of other central banks, the RBNZ opted for larger cut and suggested that further cuts may be in store as the neutral interest rate has declined.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,727.98 up with +0.69% percent or +79.78 point.the FTSE 100 closed at 7,199.03 up with +0.0046%  percent or +0.33  point. France’s CAC  40 closed at 5,319.19  up with +1.00% percent or +52.68 point.

WORLD MARKETS

For the day the Dow is trading at 26,007.07 with a loss of -0.086% percent or  -22.45 point. The S&P 500 is trading at 2,883.98 up with +0.077% percent or +2.21 point. The Nasdaq Composite is trading at 7,862.83 up with +0.38% percent or +29.56 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,593.35 up with +0.37% percent or +76.79 point. Hong Kong’s Hang Seng is trading at 26,120.77  up with +0.48% percent or +123.74 point. China’s Shanghai Composite is trading at 2,794.55  up with +0.93% percent or +25.87 point. India’s BSE Sensex is trading at 36,926.26 up with +0.64% percent or +235.76 point at 12:15 PM.

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