DAX Futures Morning Update on 23 August 2019

The DAX Futures is trading at 11,810.50  up with +0.61% percent or +71.40 point.The FTSE 100 Futures is trading at 7,167.80  with +0.85% percent or +60.30 point. The CAC 40 Futures is trading at 5,413.80 up with +0.53% percent or +28.80 point.  The EURO Stoxx 50 Futures trading at 3,390.00 up with +0.47% percent or +16.00 point.

TODAY’S FACTORS AND EVENTS

The persistent weakness in what was once the powerhouse of Europe doesn’t bode well for economic growth in the third quarter as Germany remains caught up in the US – Sino trade dispute. As global trade tensions show no signs of easing up and amid slowing demand from China and continued car industry woes, Germany entering a recession in the third quarter is almost a given.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,818.33 up with +0.61% percent or +73.88 point.the FTSE 100 closed at 7,175.93  up with +0.67% percent or +47.75 point. France’s CAC  40 closed at 5,412.44 up with +0.45% percent or +24.20 point.

WORLD MARKETS

For the day the Dow is trading at 26,252.24 up with +0.19% percent or +49.51  point. The S&P 500 is trading at 2,922.95 with a loss of –0.051% percent or –1.48 point. The Nasdaq Composite is trading at 7,991.39 with a loss of –0.36% percent or –28.82 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,710.91 up with +0.40% percent or +82.90point. Hong Kong’s Hang Seng is trading at 26,188.50 up with +0.54% percent or +139.78 point. China’s Shanghai Composite is trading at 2,897.43 up with +0.49% percent or +13.99 point. India’s BSE Sensex is trading at 36,612.10 up with +0.38% percent or +139.17  point at 12:15 PM.

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