Dax Futures Update : 07 Feb. 2022
The DAX Futures is trading at 15,152.00 with +0.09% or +13.70 point.The FTSE 100 Futures is trading at 7,474.50 up with +0.01% percent or +1.00 point. The CAC 40 Futures is trading at 6,980.50 with a loss of -0.33% percent or -23.00 point.The EURO Stoxx 50 Futures trading at 4,091.00 with a loss of -0.15% percent or -6.00 point.
TODAY’S FACTORS AND EVENTS
The yield on Germany’s benchmark Bund extended a rally to 0.19%, the highest since March 2019, after US nonfarm payrolls largely exceeded expectations and the ECB signaled a more hawkish stance. The US economy added 467 thousand jobs in January, compared with market forecasts of a 150 thousand increase, adding pressure on the Fed to start reducing stimulus and fueled bets of a 50 bps rate hike in March. Earlier, President Lagarde declined to rule out an interest rate rise this year saying the bank would assess conditions very carefully and there were “no pledges without conditionalities”. Money markets now bet the ECB will raise rates by 40bps this year instead of a 30bps increase before the February monetary policy decision. Meanwhile, the Bank of England delivered another rate hike as expected but some policymakers voted for an even bigger rate increase
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YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,099.56 with a loss of -1.75% percent or -268.91 point.the FTSE 100 closed at 7,516.40 with a loss of -0.17% percent or -12.44 point. France’s CAC 40 closed at 6,951.38 with a loss of -0.77% percent or -54.25 point.
WORLD MARKETS
For the day the Dow is trading at 35,089.74 with a loss of –0.061%percent or –21.42 point. The S&P 500 is trading at 4,500.53 up with +0.52% percent or +23.09 point. The Nasdaq Composite is trading at 14,098.01 up with +1.58% percent or +219.19 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,226.43 with a loss of –0.78% percent or ?213.56 point. Hong Kong’s Hang Seng is trading at 24,506.27 with a loss of –0.27% ercent or ?67.02 point. China’s Shanghai Composite is trading at 3,430.82 up with +2.06% percent or +69.38 point. India’s BSE Sensex is trading at 58,018.33 with a loss of –1.07% percent or ?626.49 point at 12:15 PM.