Dax Futures Update : 01 Feb. 2022
The DAX Futures is trading at 15,525.00 with +0.01% or +2.10 point.The FTSE 100 Futures is trading at 7,438.50 up with +0.57% percent or +42.00 point. The CAC 40 Futures is trading at 7,045.50 up with +0.55% percent or +38.50 point.The EURO Stoxx 50 Futures trading at 4,186.00 up with +0.00% percent or +0.00 point.
TODAY’S FACTORS AND EVENTS
The yield on Germany’s benchmark Bund spiked to a near three-year high of 0.026%, as traders digested inflation data against a backdrop of expectations of monetary policy tightening towards the end of the year. A preliminary estimate showed the annual inflation rate in Germany eased to 4.9% in January, from a near three-decade high of 5.3% in December but was still faster than market expectations of 4.3%. Meanwhile, investors are betting on a 10 bps rate hike in October, with the Deutsche Bank forecasting a 25 bps hike in December, although the ECB has continuously dismissed rate hikes this year. Still, the Federal Reserve’s hawkish signaling last week added pressure to the ECB over its forward guidance.
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YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,471.20 up with 0.99% percent or +152.25 point.the FTSE 100 closed at 7,464.37 with a loss of -0.023% percent or -0.023% point. France’s CAC 40 closed at 6,999.20 up with +0.48% percent or +33.32 point.
WORLD MARKETS
For the day the Dow is trading at 35,131.86 up with +1.17%percent or +406.39 point. The S&P 500 is trading at 4,515.55 up with +1.89% percent or +83.70 point. The Nasdaq Composite is trading at 14,239.88 up with +3.41% percent or +469.31 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,078.88 up with +0.28% percent or +76.90 point. Hong Kong’s Hang Seng is trading at 23,802.26 up with +1.07% ercent or +252.18 point. China’s Shanghai Composite is trading at 3,361.44 with a loss of –0.97% percent or ?32.81 point. India’s BSE Sensex is trading at 58,774.41 up with 1.31% percent or +760.24 point at 12:15 PM