The DAX Futures is trading at 10,762.50 with a loss of -3.27% or -363.50 point. The FTSE 100 Futures is trading at 5,778.50 with a loss of -1.81% percent or -106.50  point. The CAC 40 Futures is trading at 4,572.18 with a loss of –2.12% percent or –98.93  point. The EURO Stoxx 50 Futures trading at 2,878.00  with a loss of -2.97% percent or -88.00 point.

TODAY’S FACTORS AND EVENTS

the DAX posted its largest intraday gain since April 6th amid hopes of a potential COVID-19 vaccine after Gilead announced positive results for its Remdevisr drug (next trial results to be announced at the end of May). Consequently, this had quelled concerns over the US posting its biggest contraction in growth since the financial crisis.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 10,861.64  with a loss of -2.22% percent or –246.10 point.the FTSE 100 closed at 5,901.21 with a loss of –3.50% percent or –214.04 point. France’s CAC  40 closed at 4,572.18 with a loss of –2.12% percent or –98.93 point.

WORLD MARKETS

For the day the Dow is trading at 24,345.72 with a loss of -1.17% percent or -288.14  point. The S&P 500 is trading at 2,912.43 with a loss of –0.92% percent or -27.08 point. The Nasdaq Composite is trading at 8,889.55  with a loss of -0.28% percent or ?25.16 point.

In other parts of world, Japan’s Nikkei 225 is trading at 19,619.35 with a loss of –2.84% percent or –574.34  point. Hong Kong’s Hang Seng is trading at 24,643.59 up with +0.28% percent or +67.63 point. China’s Shanghai  Composite is trading at 2,860.08 up with +1.33% percent or +37.64  point. India’s BSE Sensex is trading at 33,717.62 up with +3.05% percent or +997.46  point at 12:15 PM.