Dax Futures Update : 13 Oct 2021
The DAX Futures is trading at 15,143.00 with +0.04% or +5.50 point.The FTSE 100 Futures is trading at 7,101.20 with -0.07% percent or -4.80 point. The CAC 40 Futures is trading at 6,541.00 with a loss of -0.50% percent or -29.00 point.The EURO Stoxx 50 Futures trading at 4,042.00 with a loss of -0.00% percent or -0.00 point.
TODAY’S FACTORS AND EVENTS
The ZEW Indicator of Economic Sentiment for Germany dropped another 4.2 points from the previous month to 22.3 in October 2021, the lowest level since March 2020 when the COVID-19 pandemic hit Europe’s largest economy, sending investor morale sharply lower. The reading came in also below market expectations of 24.0 and moved further away from an over 21-year high of 84.4 hit in May, suggesting the outlook for the economic development in the next six months deteriorated sharply due to the persisting supply bottlenecks for raw materials and intermediate products. Investors now expect profits to go down, especially in export-oriented sectors such as vehicle manufacturing and chemicals/pharmaceuticals. The assessment of the economic situation in Germany also declined more than expected in October, falling by 10.3 points to 21.6.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,146.87 with a loss of -0.34% percent or -52.27 point.the FTSE 100 closed at 7,130.23 with a loss of –0.23% percent or –16.62 point. France’s CAC 40 closed at 6,548.11 with a loss of -0.34% percent or –22.43 point.
WORLD MARKETS
For the day the Dow is trading at 34,378.34 with a loss of –0.34%percent or –117.72 point. The S&P 500 is trading at 4,350.65 with a loss of –0.24% percent or –10.54 point. The Nasdaq Composite is trading at 14,465.92 with a loss of –0.14% percent or –20.28 point.
In other parts of world, Japan’s Nikkei 225 is trading at 28,167.43 with a loss of –0.22% percent or –63.18 point. Hong Kong’s Hang Seng is trading at 24,962.59 with +0.27% ercent or +68.41 point. China’s Shanghai Composite is trading at 3,564.81 with +0.50%percent or +17.87 point. India’s BSE Sensex is trading at 60,660.19 up with 0.62% percent or +375.88 point at 12:15 PM.