DAX Futures Update : 01 March. 2022
The DAX Futures is trading at 14,352.50 up with +0.44% or +63.00 point.The FTSE 100 Futures is trading at 7,386.00 with a loss of -0.65% percent or -48.50 point. The CAC 40 Futures is trading at 6,567.50 with a loss of -2.68% percent or -181.00 point.The EURO Stoxx 50 Futures trading at 3,886.00 up with +0.47% percent or +18.00 point.
TODAY’S FACTORS AND EVENTS
The yield on the German 10-year Bund declined to below 0.16%, the lowest in more than three weeks, as investors assess how the European Central Bank will respond to the current Russia-Ukraine war. Concerns over the Eurozone’s economic growth mounted due to higher prices of commodities and energy as Western nations announced hash sanctions on Russia. The Biden administration said that it would ban US people and companies from doing business with the Bank of Russia, the Russian National Wealth Fund, and the Ministry of Finance; after G7 nations agreed to exclude Russian banks from SWIFT. Money markets now see the first ECB rate hike only in September, compared to earlier expectations of June; and price in a total of 30 basis points increases by year-end, from roughly 35 bps earlier.
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YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 14,461.02 with a loss of -0.73% percent or -106.21 point.the FTSE 100 closed at 7,458.25 with a loss of -0.42% percent or -31.21 point. France’s CAC 40 closed at 6,658.83 with a loss of -1.39% percent or ?93.60 point.
WORLD MARKETS
For the day the Dow is trading at 33,892.60 with a loss of –0.49%percent or –166.15 point. The S&P 500 is trading at 4,373.94 with a loss of –0.24% percent or –10.71 point. The Nasdaq Composite is trading at 13,751.40 with +0.41% percent or +56.78 point.
In other parts of world, Japan’s Nikkei 225 is trading at 26,872.90 up with +1.30% percent or +346.08 point. Hong Kong’s Hang Seng is trading at 22,645.43 with a loss of –0.30% ercent or –67.59 point. China’s Shanghai Composite is trading at 3,472.67 up with +0.30% percent or +10.36 point. India’s BSE Sensex is trading at 56,247.28 with 0.70% percent or +388.76 point at 12:15 PM.