DAX Futures Update : 04 March. 2022
The DAX Futures is trading at 13,423.00 up with -1.83% or -250.40 point.The FTSE 100 Futures is trading at 7,125.00 with a loss of -1.18% percent or -85.00 point. The CAC 40 Futures is trading at 6,367.00 with a loss of -1.96% percent or -127.50 point. The EURO Stoxx 50 Futures trading at 3,663.00 with a loss of -1.80% percent or -67.00 point.
TODAY’S FACTORS AND EVENTS
The yield on the German 10-year Bund bounced back to 0.04%, after falling into negative territory for the first time since late January on March 1st as market participants bring forward their expectations of when the ECB will raise interest rates after data showed consumer prices surged to an all-time in February. Money markets price in a 95% chance of 30bps of ECB rate hikes by December, from 20bps on Wednesday but still below 40bps seen late last week. The latest data showed consumer prices in the bloc’s economy soared to a fresh record high of 5.8%, well above forecasts of 5.4%. The inflation rate is almost three times above the ECB’s target of 2% and hopes that it would start to peak in the early part of 2022 faded as the war in Ukraine exacerbated the energy crisis threatening fuel costs to accelerate even further. As a result, concerns over the Eurozone’s economic growth mounted after Western nations announced harsh sanctions on Russia.
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YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 13,698.40 with a loss of -2.16% percent or ?301.71 point.the FTSE 100 closed at 7,238.85 with a loss of -2.57% percent or ?190.71 point. France’s CAC 40 closed at 6,378.37 with a loss of -1.84% percent or ?119.65 point.
WORLD MARKETS
For the day the Dow is trading at 33,794.66 with a loss of 0.29%percent or –96.69 point. The S&P 500 is trading at 4,363.49 with a loss of –0.53% percent or –23.05 point. The Nasdaq Composite is trading at 13,537.94 with a loss of 1.56% percent or ?214.08 point.
In other parts of world, Japan’s Nikkei 225 is trading at 25,985.47 with a loss of –2.23% percent or ?591.80 point. Hong Kong’s Hang Seng is trading at 21,876.70 with a loss of –2.63%ercent or –590.64 point. China’s Shanghai Composite is trading at 3,439.68 with a loss of –1.19% percent or –41.43 point. India’s BSE Sensex is trading at 54,251.05 with a loss –1.55% percent or –851.63 point at 12:15 PM.