Dax Futures Update : 08 March. 2022
The DAX Futures is trading at 12,504.50 with a loss of -0.77% or -97.60 point. The FTSE 100 Futures is trading at 6,825.50 with a loss of –1.64% percent or -114.00 point. The CAC 40 Futures is trading at 5,923.50 with a loss of -2.24% percent or -135.50 point. The EURO Stoxx 50 Futures trading at 3,415.00 with a loss of -1.30% percent or -45.00 point.
TODAY’S FACTORS AND EVENTS
The yield on the German 10-year Bund remained below 0% in the second week of March, as investors scurried to the safety of debt in light of the escalating Russia-Ukraine conflict while awaiting the ECB monetary policy decision on Thursday. In the latest developments, the US and its allies are discussing a ban on imports of Russian oil, raising the prospects of broader inflationary risks and slowing economic growth. The ECB will decide on monetary policy and release its latest macroeconomic projections on Thursday, with markets anticipating no changes in borrowing costs as the outlook of the bloc’s economy deteriorated following Russia’s invasion of Ukraine. Still, investors will be looking for hints on the likelihood of a rate hike this year as inflation is already running at record highs and is seen accelerating on the back of higher energy prices.
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YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 12,834.65 with a loss of -1.98% percent or -259.89 point.the FTSE 100 closed at 6,959.48 with a loss of -0.40% percent or ?27.66 point. France’s CAC 40 closed at 5,982.27 with a loss of -1.31% percent or ?79.39 point.
WORLD MARKETS
For the day the Dow is trading at 32,817.38 with a loss of –2.37%percent or ?797.42 point. The S&P 500 is trading at 4,201.09 with a loss of –2.95% percent or –127.78 point. The Nasdaq Composite is trading at 12,830.96 with a loss of –3.62% percent or ?482.48 point.
In other parts of world, Japan’s Nikkei 225 is trading at 24,790.95 with a loss of –1.71% percent or –430.46 point. Hong Kong’s Hang Seng is trading at 20,711.80 with a loss of –1.64% ercent or –345.83 point. China’s Shanghai Composite is trading at 3,302.44 with a loss of –2.09% percent or –70.41 point. India’s BSE Sensex is trading at 52,461.62 with a loss –0.72% percent or –381.13 point at 12:15 PM.