The DAX Futures is trading at 11,637.20 with a loss of -0.66% or -77.20 point. The FTSE 100 Futures is trading at 6,171.80 with a loss of -0.84% percent or -52.20 point. The CAC 40 Futures is trading at 4,719.80 with a loss of -0.89% percent or -42.20 point. The EURO Stoxx 50 Futures trading at 3,056.00 with a loss of -1.16% percent or -36.00 point.
TODAY’S FACTORS AND EVENTS
Positive momentum shows little signs of easing for the DAX as cyclical stocks outperform defensives. As such, the DAX has now closed the gap from the beginning of March with the index breaking above 61.8% fib at 11592. However, for a push towards 12000, eyes will be on for frugal four support of the proposal, while opposition to the proposal raises the risk of a pullback to 11000.
For the day Germany’s DAX closed at 11,649.44 with a loss of -1.12%percent or –131.69 point.the FTSE 100 closed at 6,179.43 with a loss of –0.61% percent or –38.10 point. France’s CAC 40 closed at 4,722.84 with a loss of –1.02% percent or –48.55 point.
For the day the Dow is trading at 25,400.64 with a loss of -0.58% percent or -147.63 point. The S&P 500 is trading at 3,029.73 with a loss of –0.21% percent or -6.40 point. The Nasdaq Composite is trading at 9,368.99 with a loss of -0.46% percent or -43.37 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 21,877.89 with a loss of –0.18% percent or –38.42 point. Hong Kong’s Hang Seng is trading at 22,973.96 with a loss of –0.69% percent or –158.80 point. China’s Shanghai Composite is trading at 2,852.35 up with +0.22% percent or +6.13 point. India’s BSE Sensex is trading at 32,113.73 with a loss of -0.27% percent or –83.19 point at 12:15 PM.