Dax Futures Update : 01 Dec 2021

The DAX Futures is trading at 15,234.00 with +0.74% or +112.00 point.The FTSE 100 Futures is trading at 7,124.00 with +0.63% percent or +44.50 point. The CAC 40 Futures is trading at 6,731.00 with a loss of -0.54% percent or -36.50 point.  The EURO Stoxx 50 Futures trading at 4,099.00 up with +0.76% percent or +31.00 point.

 

 

TODAY’S FACTORS AND EVENTS

Germany’s benchmark Bund yield fell to below -0.34%, the lowest in near twelve weeks as investors sought safety amid concerns over the spread of the Omicron coronavirus variant, which can possibly be more resistant to current vaccines, and what will be the impact on the global economy. Many European countries including Germany and Italy detected cases of the new coronavirus strain implemented travel restrictions, raising concerns about how economies could suffer. As a result, money market participants no longer expect an increase in the ECB deposit rate in 2022 even though the Eurozone’s inflation rate has risen to a record high in November. The Eurozone consumer price inflation is expected to accelerate to 4.9% year-on-year in November, from 4.1% in October and above market expectations of 4.5%, a preliminary estimate showed.

 

 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 15,100.13 with  a loss of –1.18% percent or -180.73 point.the FTSE 100 closed at 7,059.45 with a loss of –0.71% percent or ?50.50 point. France’s CAC 40 closed at 6,721.16 with a loss of –0.81% percent or -55.09  point.

 

 

WORLD MARKETS

For the day the Dow is trading at 34,483.72 with a loss of  –1.86% percent or ?652.22 point. The S&P 500 is trading at 4,567.00 with a loss of –1.90% percent or ?88.27   point. The Nasdaq Composite is trading at 15,537.69 with a loss of –1.55% percent or ?245.14    point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,979.81 with 0.57% percent or  +158.05 point. Hong Kong’s Hang Seng is trading at 23,726.96 up with +1.07% percent or +251.70  point. China’s Shanghai Composite is trading at 3,567.03 up with +0.088% percent or +3.14 point. India’s BSE Sensex is trading at 57,768.15 up with +1.23% percent or +703.28 point at 12:15 PM.