DAX Futures Morning Update on 20 August 2019

The DAX Futures is trading at 11,719.50 up with +0.21% percent or +25.00 point.The FTSE 100 Futures is trading at 7,202.20 up with+0.25% percent or +17.70 point. The CAC 40 Futures is trading at 5,373.20 up with +0.10% percent or +5.20 point.  The EURO Stoxx 50 Futures trading at 3,366.00 up with +0.18% percent or +6.00 point.

TODAY’S FACTORS AND EVENTS

Germany’s gross domestic product contracted by a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed.

Net external demand contributed negatively to the GDP as exports fell more than imports. In addition, gross fixed capital formation in construction declined; while positive contributions came mostly from household consumption and government spending.

Year-on-year, the economy expanded by a calendar-adjusted 0.4 percent in the second quarter, following an upwardly revised 0.9 percent growth in the previous three-month period and beating forecasts of 0.1 percent. On an unadjusted basis, the economy stagnated, after a 0.8 percent advance in the first quarter.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,714.51 with a loss of -0.01% percent or –1.56 point.the FTSE 100 closed at 7,216.85 up  with +0.38% percent or +27.20 point. France’s CAC  40 closed at 5,375.59 up with +0.075% percent or +4.04 point.

WORLD MARKETS

For the day the Dow is trading at 26,135.79 up with +0.96% percent or  +249.78  point. The S&P 500 is trading at 2,923.65 up with +1.21% percent or +34.97 point. The Nasdaq Composite is trading at 8,002.81  up with +1.35% percent or +106.82 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,677.22 up with +0.55% percent or +114.06point. Hong Kong’s Hang Seng is trading at 26,231.54 with a loss of –0.23% percent or –60.30 point. China’s Shanghai Composite is trading at 2,880.00 with a loss of –0.11% percent or –3.09 point. India’s BSE Sensex is trading at 37,423.47 up with +0.056% percent or +20.98 point at 12:15 PM.