The DAX Futures is trading at 13,534.50  up with +0.91% or +122.00 point. The FTSE 100 Futures is trading at 6,380.80 up with +0.84% percent or +53.30 point. The CAC 40 Futures is trading at 5,390.20 with a loss of -2.14% percent or -117.80 point. The EURO Stoxx 50 Futures trading at 3,500.00 up with +0.95% percent or +33.00 point.

TODAY’S FACTORS AND EVENTS

Global stocks are set for their worst weekly slide in about three months, partly on the turmoil caused by small traders organising over online forums, such as Reddit, to force hedge funds to reverse short positions on a series of stocks. This has resulted in these funds dumping other equity holdings in order to raise liquidity.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,432.87  with a loss of -1.71% percent or ?233.06 point.the FTSE 100 closed at 6,407.46  with a loss of -1.82%percent or – 118.69  point. France’s CAC  40 closed at 5,399.21  with a loss of -2.02%percent or  111.31 point.

WORLD MARKETS

For the day the Dow is trading at 29,982.62 with a loss of -2.03%percent or  ?620.74 point. The S&P 500 is trading at 3,714.24 with a loss of -1.93% percent or  ?73.14  point. The Nasdaq Composite is trading at 13,070.69 with  a loss of -2.00% percent or -266.46   point.

In other parts of world, Japan’s Nikkei 225 is trading at at 28,091.05  up with +1.55%percent or +427.66  point. Hong Kong’s Hang Seng is trading at 28,962.81 up with 2.40% percent or +679.10 point. China’s Shanghai  Composite is trading at 3,505.28 with +0.64% percent or +22.21 point. India’s BSE Sensex is trading at 46,816.98 with +1.15%percent or +531.21 point at 12:15 PM.

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