The DAX Futures is trading at 13,666.50 up with +0.28% percent or +37.90 point.The FTSE 100 Futures is trading at 7,457.80 up with +0.29% percent or +21.80 point. The CAC 40 Futures is trading at 6,049.50 up with +0.57% percent or +34.50 point. The EURO Stoxx 50 Futures trading at 3,832.00 up with +0.31% percent or +12.00 point.
TODAY’S FACTORS AND EVENTS
It was a bullish day for the European majors on Today, with a pickup in risk appetite reversing losses from the start of the week.
The DAX30 led the way, rising by 0.99%, with the EuroStoxx600 and CAC40 gaining 0.90% and 0.65% respectively. Tuesday’s gains led the EuroStoxx600 to a fresh all-time high on the day.
Sentiment had shifted ahead of the European open, with the Asian majors on the up as China returned to work following the extended break.
Fears of a wider spread of the coronavirus outside of China eased on the day, as the rate of infection slowed according to Monday’s figures.
The markets are now expecting a sizeable stimulus package to offset the effects of the outbreak on the Chinese economy.
For the day Germany’s DAX closed at 13,627.84 up with +0.99% percent or +133.81 point.the FTSE 100 closed at 7,499.44 up with +0.71% percent or +52.56 point. France’s CAC 40 closed at 6,054.76 up with +0.65% percent or +39.09 point.
For the day the Dow is trading at 29,276.34 with a loss of –0.0016% percent or –0.48 point. The S&P 500 is trading at 3,357.75 up with +5.66 percent or +24.38 point. The Nasdaq Composite is trading at 9,638.94 up with +0.11% percent or +10.55 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,861.21 up with 0.74% percent or +175.23 point. Hong Kong’s Hang Seng is trading at 27,880.09 up with +1.07% percent or +296.21 point. China’s Shanghai Composite is trading at 2,926.90 up with +0.87% percent or +25.22 point. India’s BSE Sensex is trading at 41,579.76 up with +0.88% percent or +363.62 point at 12:15 PM.