Dax Futures Update : 10 March. 2022
The DAX Futures is trading at 13,837.50 with a loss of -0.06% or -8.90 point. The FTSE 100 Futures is trading at 7,158.20 with +0.42% percent or +30.20 point. The CAC 40 Futures is trading at 6,360.00 with +6.72% percent or +400.50 point. The EURO Stoxx 50 Futures trading at 3,758.00 with a loss of -0.21% percent or -8.00 point.
TODAY’S FACTORS AND EVENTS
The yield on the German 10-year Bund surged to above 0.17%, the highest in almost two weeks as investors continue to monitor the Russia-Ukraine conflict and as reports showed the European Union is considering a joint-bond sale to fund energy and defense spending. Investors also await the ECB monetary policy decision on Thursday and the release of its latest macroeconomic projections, 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. Money markets are pricing a total of 28 basis points of interest rate hikes from the ECB before the end of the year.
For the day Germany’s DAX closed at13,847.93 up with +7.92% percent or +1,016.42 point.the FTSE 100 closed at 7,190.72 up with +3.25% percent or +226.61 point. France’s CAC 40 closed at 6,387.83 up with 7.13% percent or +424.87 point.
For the day the Dow is trading at 33,286.25 up with +2.00% percent or +653.61 point. The S&P 500 is trading at 4,277.88 up with +2.57% percent or +107.18 point. The Nasdaq Composite is trading at 13,255.55 up with +3.59% percent or +459.99 point.
In other parts of world, Japan’s Nikkei 225 is trading at 24,813.13 up with +0.089% percent or +22.18 point. Hong Kong’s Hang Seng is trading at 20,178.88 with a loss of –2.83% ercent or –588.12 point. China’s Shanghai Composite is trading at 3,185.63 with a loss of –3.28% percent or –107.90 point. India’s BSE Sensex is trading at 53,937.16 up with +0.96% percent or +513.07 point at 12:15 PM.