Dax Futures Update : 24 Nov 2021
The DAX Futures is trading at 15,992.00 with a loss of -0.03% or -4.50 point.The FTSE 100 Futures is trading at 7,270.80 up with +0.08% percent or +5.80 point. The CAC 40 Futures is trading at 7,071.00 with a loss of -0.36% percent or -25.50 point. The EURO Stoxx 50 Futures trading at 4,296.00 with a loss of -0.05% percent or -2.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s benchmark Bund yield rose above -0.3% in the fourth week of November, as investors bet on a European Central Bank rate hike next year amid fears about runway inflation. ECB official Isabel Schnabel said Tuesday the bloc’s inflation would be higher-than-expected next year and that ending the PEPP purchases remained a valid plan despite concerns over rising COVID-19 cases. Also, board member Klaas Knot said the inflation outlook was clearly more favorable than it was pre-corona, justifying a reduction in monetary stimulus. Meanwhile, bond investors continue to monitor the recent surge of Covid-19 across the continent, with Germany weighing stricter Covid curbs and a partial lockdown. On the economic data front, Markit PMI surveys pointed to stronger-than-expected growth in the Eurozone private sector.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,937.00 with a loss of –1.11% percent or –178.69 point.the FTSE 100 closed at 7,266.69 up with +0.15% percent or +11.23 point. France’s CAC 40 closed at 7,044.62 with a loss of –0.85% percent or –60.38 point.
WORLD MARKETS
For the day the Dow is trading at 35,813.80 up with +0.55%percent or +194.55 point. The S&P 500 is trading at 4,690.70 up with +0.17% percent or +7.76 point. The Nasdaq Composite is trading at 15,775.14 with a loss of –0.50% percent or –79.62 point.
In other parts of world, Japan’s Nikkei 225 is trading at 29,291.46 with a loss of –1.62% percent or –482.58 point. Hong Kong’s Hang Seng is trading at 24,815.86 up with +0.67% ercent or +162.18 point. China’s Shanghai Composite is trading at 3,600.52 up with +0.32% percent or +11.43 point. India’s BSE Sensex is trading at 58,867.44 up with +0.35% percent or +203.11 point at 12:15 PM.