DAX Futures Morning Update on 13 August 2019

The DAX Futures is trading at 11,616.00 with a loss of -0.09% percent or -10.00 point.The FTSE 100 Futures is trading at 7,173.00  with a loss of -0.38% percent or -27.00 point. The CAC 40 Futures is trading at 5,286.50  with a loss of -0.42% percent or -22.50 point.  The EURO Stoxx 50 Futures trading at 3,308.00  up with -0.12% percent or -4.00 point.

TODAY’S FACTORS AND EVENTS

German Unemployment Rate Holds Steady at 39-Year LowGermany’s seasonally adjusted harmonised jobless rate was unchanged for the third straight month at 3.1 percent in June 2019, the lowest since 1980, as the number of unemployed fell further while employment increased slightly.

The number of unemployed people dropped 1.5 percent to 1.34 million in June from 1.36 million in May, while employment edged 0.1 percent higher to 42.32 million from 42.29 million.

Compared with June 2018, unemployment dropped 8.8 percent from 1.47 million and the number of employed rose 1.5 percent from 41.70 million.

Youth unemployment rate, measuring job-seekers under 25 years old, was flat at 5.5 percent in June.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed increased by 1 thousand from a month earlier to 2.283 million in July 2019, after being unchanged in the previous month and compared to market expectations of 2 thousand rise. The unemployment rate was unchanged at 5.0 percent, remaining close to the lowest since German reunification in 1990

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,633.99 with a loss of -0.45% percent or -52.28 point.the FTSE 100 closed at 7,204.27 with a loss of -0.30% percent or -21.61 point. France’s CAC  40 closed at 5,295.82  with a loss of -0.27% percent or -14.48 point.

WORLD MARKETS

For the day the Dow is trading at 25,897.71 with a loss of -1.48% percent or  -389.73 point. The S&P 500 is trading at 2,883.09 with a loss of -1.22% percent or -35.56 point. The Nasdaq Composite is trading at 7,863.41  with a loss of -1.20% percent or -95.73 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,455.44 with a loss of -1.11% percent or -229.38 point. Hong Kong’s Hang Seng is trading at 25,281.30 with a loss of -2.10% percent or -543.42 point. China’s Shanghai Composite is trading at 2,797.26  with a loss of -0.63% percent or -17.73 point. India’s BSE Sensex is trading at 37,308.37  with a loss of -0.73% percent or -273.54 point at 12:15 PM.

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