DAX Futures Update : 24 August 2021
The DAX Futures is trading at 15,894.00 up with +0.20% or +31.00 point.The FTSE 100 Futures is trading at 7,103.50 up with +0.16% percent or +11.50 point. The CAC 40 Futures is trading at 6,687.00 up with +1.00% percent or +66.30 point. The EURO Stoxx 50 Futures trading at 4,191.00 up with +0.28% percent or +12.00 point.
TODAY’S FACTORS AND EVENTS
The German economy expanded 1.6% on quarter in the second quarter of 2021, slightly more than 1.5% in the preliminary estimate, and rebounding from a downwardly revised 2% contraction in the first 3 months of the year, when the country was under restrictive measures due to the coronavirus crisis. On the consumption side, a recovery was seen for private spending (3.2% vs -5.2% in Q1), public (1.8% vs -0.7%) and gross fixed capital formation (0.5% vs -0.7%). However, both exports (0.5% vs 1.4%) and imports (2.1% vs 4.2%) rose at a slower pace. Year-on-year, the economy advanced 9.4%. The German GDP is expected to grow 3.7% this year, although it may miss full-year growth targets due to the coronavirus delta variant, according to the Bundesbank.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,852.79 up with +percent or +44.75 point.the FTSE 100 closed at 7,124.04 up with +percent or +15.02 point. France’s CAC 40 closed at 6,683.10 up with +0.86% percent or +56.99 point.
WORLD MARKETS
For the day the Dow is trading at 35,335.71 up with + percent or ++215.63 point. The S&P 500 is trading at 4,479.53 up with + percent or +37.86 point. The Nasdaq Composite is trading at 14,942.65 up with +percent or +227.99 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,732.10 up with + percent or +237.86 point. Hong Kong’s Hang Seng is trading at 25,665.83 up with + percent or +556.24 point. China’s Shanghai Composite is trading at 3,514.47 up with + percent or +37.34 point. India’s BSE Sensex is trading at 55,806.93 up with percent or +249.68 point at 12:15 PM.