Dax Futures Update : 28 Feb. 2022

The DAX Futures is trading at 14,072.00 with -3.87% or -566.20 point. The FTSE 100 Futures is trading at 7,344.20 with a loss of -2.35% percent or -176.80 point. The CAC 40 Futures is trading at 6,783.50 up with +4.10% percent or +267.00 point. The EURO Stoxx 50 Futures trading at 3,820.00 with a loss of -4.21%percent or -168.00 point.

TODAY’S FACTORS AND EVENTS

The German economy contracted by 0.3% on quarter in the last three months of 2021, much less than initial estimates of a 0.7% fall. Still, it remains the first decline in GDP in three quarters, due to the fourth Covid-19 wave and another reinforcement of restrictions. Household expenditure was down 1.8% while government consumption increased by 1% and gross fixed capital formation in machinery and equipment was up 0.9%. Gross fixed capital formation in construction remained roughly at the previous quarter’s level. Foreign trade increased, with exports of goods and services surging 4.8% while imports rose slightly more (5.1%). Considering full 2021, the German economy expanded 2.9%, above preliminary estimates of 2.8%.

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YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 14,567.23 up with 3.67% percent or +515.13  point.the FTSE 100 closed at 7,489.46 up with 3.91% percent or +282.08 point. France’s CAC 40 closed at 6,752.43 up with +3.55% percent or +231.38 point.

WORLD MARKETS

For the day the Dow is trading at 34,058.75 up with +2.51% percent or +834.92 point. The S&P 500 is trading at 4,384.65 up with  +2.24% percent or +95.95 point. The Nasdaq Composite is trading at 13,694.62 with +1.64% percent or +221.04  point.

In other parts of world, Japan’s Nikkei 225 is trading at 26,526.82 up with +0.19% percent or ++50.32  point. Hong Kong’s Hang Seng is trading at 22,591.97 with a loss of –0.77% percent or -175.21point. China’s Shanghai Composite is trading at 3,457.22 up with +0.17% percent or +5.81   point. India’s BSE Sensex is trading at 55,862.81 with 0.0077% percent or +4.29  point at 12:15 PM.