DAX Futures Morning Update on 04 March.

The DAX Futures is trading at 11,975.30 up with +1.71% percent or +201.20 point.The FTSE 100 Futures is trading at 6,702.50 up with +1.23% percent or +81.30 point. The CAC 40 Futures is trading at 5,393.50 up with +1.30% percent or +69.00 point.  The EURO Stoxx 50 Futures trading at 3,374.00 up with +1.38% percent or +46.00 point.

TODAY’S FACTORS AND EVENTS

 it was a particularly bearish day for the auto sector. Daimler led the way down, sliding by 4.18%, with BMW and Continental falling by 2.98% and by 1.45% respectively. Volkswagen saw a more modest loss of 1.10% on the day.

It was another particularly bearish day for the banks, as the markets responded to the FED rate cut and the promise of support from the ECB. Commerzbank fell by 1.83%, with Deutsche Bank sliding by 5.29%.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 11,985.39 up with +1.08% percent or +127.52  point.the FTSE 100 closed at 6,718.20 up with +0.95% percent or  +63.31  point. France’s CAC  40 closed at 5,393.17 up with +1.12% percent or +59.66   point.

WORLD MARKETS

For the day the Dow is trading at 25,917.41 with a loss of –2.94% percent or –785.91  point. The S&P 500 is trading at 3,003.37 with a loss of –2.81% 8percent or –86.86 point. The Nasdaq Composite is trading at 8,684.09 with a loss of –2.99% percent or –268.08  point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,100.06 up with +0.082% percent or +17.33 point. Hong Kong’s Hang Seng is trading at 26,349.94 up with +0.25% percent or +65.12    point. China’s Shanghai  Composite is trading at 3,011.67 up with +0.63% percent or +18.77  point. India’s BSE Sensex is trading at 38,461.11 with a loss of –0.43% percent or –165.70  point at 12:15 PM.

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