DAX Futures Morning Update on 24 Feb. 2020

The DAX Futures is trading at 13,274.50  with a loss of -2.14% percent or -290.20 point. The FTSE 100 Futures is trading at 7,230.80  with a loss of -1.70% percent or -124.70 point. The CAC 40 Futures is trading at 5,898.20 with a loss of -2.69% percent or -163.30 point. The EURO Stoxx 50 Futures trading at 3,714.00 with a loss of -2.01% percent or -76.00 point.

TODAY’S FACTORS AND EVENTS

it was a bearish day for the auto sector on Today. Daimler led the way sliding by 3.03%, with Volkswagen down by 2.46%. BMW and Continental saw more modest losses of 1.51% and 1.38% respectively.

It was also a bearish day for the banks. Commerzbank fell by 3.41%, with Deutsche Bank down by 4.46%.

Deutsche Lufthansa also saw red, falling by 1.86%, as the markets continued to digest Air France-KLM’s earnings results and forward guidance.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,579.33 with a loss of –0.62% percent or –84.67  point. the FTSE 100 closed at 7,403.92 with a loss of –0.44% percent or –32.72 point. France’s CAC  40 closed at 6,029.72 with a loss of –0.54% percent or –32.58  point.

WORLD MARKETS

For the day the Dow is trading at 28,992.41 with a loss of –0.78% percent or –227.57   point. The S&P 500 is trading at 3,337.75  with a loss of –1.05% percent or –35.48 point. The Nasdaq Composite is trading at 9,576.59 with a loss of –1.79% percent or –174.38 point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,386.74 with a loss of –0.39% percent or –92.41 point. Hong Kong’s Hang Seng is trading at 26,853.05 with a loss of  –1.67% percent or –455.76   point. China’s Shanghai Composite is trading at 3,031.23 with a loss of –0.28%percent or-8.44  point. India’s BSE Sensex is trading at 40,783.77 with a loss of –0.94% percent or –386.35 point at 12:15 PM.

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