DAX Futures Morning Update on 24 Nov. 2020

The DAX Futures is trading at 13,181.00 up with +0.75% or +98.20 point. The FTSE 100 Futures is trading at 6,359.50 up with +0.30% percent or +18.90 point. The CAC 40 Futures is trading at 5,498.00 up with +0.11% percent or +5.90 point. The EURO Stoxx 50 Futures trading at 3,488.00 up with +0.43% percent or +15.00 point.

TODAY’S FACTORS AND EVENTS

The IHS Markit Germany Composite PMI fell to 52 in November of 2020 from 55 in October, but above market forecasts of 50.4, flash estimates showed. The reading still pointed to a strong increase in private sector activity although new lockdown measures to curb the spread of coronavirus led to an accelerated decline in services activity (46.2 vs 49.5) while manufacturing remained robust (57.9 vs 58.2). Elsewhere, the recent progress in the development of COVID-19 vaccines saw business confidence towards future output perk up to the highest for over two-and-a-half years.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,126.97 with a loss of –percent or   ?10.28 point.the FTSE 100 closed at 6,333.84  with a loss of – percent or –17.61 point. France’s CAC  40 closed at 5,492.15 with a loss of – percent or ?3.74 point.

WORLD MARKETS

For the day the Dow is trading at 29,591.27 up with +percent or  +327.79 point. The S&P 500 is trading at 3,577.59 up with + percent or  +20.05 point. The Nasdaq Composite is trading at 11,880.63 up with + percent or +25.66 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 26,165.59 up with +percent or +638.22 point. Hong Kong’s Hang Seng is trading at 26,507.65 up with +percent or+21.45 point. China’s Shanghai  Composite is trading at 3,403.16 with a loss of – percent or ?11.33 point. India’s BSE Sensex is trading at 44,401.96 up with  +percent or  +324.81 point at 12:15 PM.