DAX Futures Morning Update on 14 Oct. 2020

The DAX Futures is trading at 13,005.50 up with+0.20% or +26.20 point.The FTSE 100 Futures is trading at 5,965.50 with +0.50% percent or +29.50 point. The CAC 40 Futures is trading at 4,945.00 with a loss of -0.03% percent or -1.50 point.  The EURO Stoxx 50 Futures trading at 3,268.00 with +0.03% percent or +1.00 point.

TODAY’S FACTORS AND EVENTS

The ZEW Indicator of Economic Sentiment for Germany dropped by 21.3 points from the previous month to 56.1 in October 2020, from the previous month’s over 20-year high and well below market expectations of 73. Investors voiced concerns about the recent sharp rise in the number of COVID-19 cases and the prospect of the UK leaving the EU without a trade deal. The current situation in the run-up to the presidential election in the US further fuels uncertainty. By contrast, the assessment of the economic situation in Germany improved again, and currently stands at -59.5 points, 6.7 points higher than in September.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,018.99 with a loss of –percent or  –119.42 point.the FTSE 100 closed at 5,969.71 with a loss of – percent or  –31.67 point. France’s CAC  40 closed at 4,947.61 with a loss of – percent or -31.68 point.

WORLD MARKETS

For the day the Dow is trading at 28,679.81 with a loss of –percent or  ?157.71 point. The S&P 500 is trading at 3,511.93 with  a loss of – percent or  ?22.29 point. The Nasdaq Composite is trading at 11,863.90 with a loss of – percent or ?12.36 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 23,626.73 up with + percent or +24.95 point. Hong Kong’s Hang Seng is trading at 24,645.96 with a loss of –percent or   ?3.72 point. China’s Shanghai  Composite is trading at 3,342.96  with a loss of – percent or –16.79 point. India’s BSE Sensex is trading at 40,383.80 with a loss of – percent or  –241.71 point at 12:15 PM.