DAX Futures Morning Update As On 28 Oct. 2021

Dax Futures Update : 28 Oct 2021

The DAX Futures is trading at 15,689.00 with  +0.17% or +26.00 point.The FTSE 100 Futures is trading at 7,232.80 up +0.05% percent or +3.80 point. The CAC 40 Futures is trading at 6,731.00 with a loss of -0.46% percent or -31.00 point.The EURO Stoxx 50 Futures trading at 4,209.00 with +0.21% percent or +9.00 point.

 

 

TODAY’S FACTORS AND EVENTS

Germany’s benchmark Bund yield fell below -0.14%, moving further away from an over two-year peak of -0.07% hit on October 22nd, as investors await Thursday’s European Central Bank policy meeting. The central bank is expected to leave monetary policy unchanged, and to postpone a decision about the future of its pandemic emergency bond purchase programme to December, while ECB President Lagarde should reiterate once again the recent spike in inflation is temporary. Meanwhile, money markets have recently priced in a full 10 basis point rate hike by the ECB by the end of next year. Elsewhere, the US Federal Reserve is seen reducing its massive bond-buying scheme in November, while the Bank of England could hike interest rates this year.

 

 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 15,705.81 with a loss of 0.33% percent or ?51.25 point.the FTSE 100 closed at 7,253.27 with  a loss of –0.33% percent or ?24.35  point. France’s CAC 40 closed at 6,753.52 with  a loss of –0.19% percent or ?12.99   point.

 

 

WORLD MARKETS

For the day the Dow is trading at 35,490.69 with a loss of –0.74%percent or –266.19  point. The S&P 500 is trading at 4,551.68  with a loss of –0.51% percent or –23.11  point. The Nasdaq Composite is trading at 15,235.84  up with +0.00081% percent or +0.12   point.

In other parts of world, Japan’s Nikkei 225 is trading at 28,860.75 with a loss of   –0.82% percent or  –237.49  point. Hong Kong’s Hang Seng is trading at 25,636.60 up with +0.031% ercent or +7.86 point. China’s Shanghai Composite is trading at 3,524.09 with a loss of –1.07% percent or –38.21 point. India’s BSE Sensex is trading at 60,653.21 with a loss of –0.80% percent or –490.12   point at 12:15 PM.