Dax Futures Update : 08 Sept 2021
The DAX Futures is trading at 15,839.00 up with +0.15% or +23.20 point.The FTSE 100 Futures is trading at 7,127.80 with a loss of -0.32% percent or -23.20 point. The CAC 40 Futures is trading at 6,707.00 with a loss of -0.53% percent or -35.50 point. The EURO Stoxx 50 Futures trading at 4,220.00 with a loss of -0.12% percent or -5.00 point.
TODAY’S FACTORS AND EVENTS
The ZEW Indicator of Economic Sentiment for Germany declined to 26.5 in September of 2021 from 40.4 in August, and below market forecasts of 30. The gauge fell for the 4th consecutive month to the lowest since March 2020 when the coronavirus crisis started. The assessment of the economic situation in Germany however, increased to 31.9 from 29.3 in August. Current readings imply that over the next six months economic growth in Germany will only be slightly higher than its current rate. “Expectations fell markedly once more in September 2021. Although financial market experts expect further improvements of the economic situation over the next six months, the expected magnitude and the dynamics of the improvements have decreased considerably. Global chip shortage in the automobile sector and shortage of building material in the construction sector have caused a significant reduction in profit expectations for these sectors”, comments ZEW President Professor Achim Wambach
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,843.09 with a loss of –percent or point.the FTSE 100 closed at 7,149.37 up with +percent or +0.00 point. France’s CAC 40 closed at 6,726.07 with a loss of – percent or ?17.43 point.
WORLD MARKETS
For the day the Dow is trading at 35,100.00 with a loss of –percent or –269.09 point. The S&P 500 is trading at 4,520.03 with a loss of – percent or ?15.40 point. The Nasdaq Composite is trading at 15,374.33 up with +percent or +10.81 point.
In other parts of world, Japan’s Nikkei 225 is trading at 30,181.21 up with + percent or +265.07 point. Hong Kong’s Hang Seng is trading at 26,287.95 with a loss of – percent or ?65.68 point. China’s Shanghai Composite is trading at 3,671.29 with a loss of –percent or ?5.30 point. India’s BSE Sensex is trading at 58,291.62 up with + percent or +12.14 point at 12:15 PM.