Dax Futures Update : 16 March. 2022
The DAX Futures is trading at 14,085.50 up with +0.74% percent o +103.50 point.The FTSE 100 Futures is trading at 7,184.00 with +0.31% percent or +22.50 point. The CAC 40 Futures is trading at 6,368.80 with +0.00% percent or +0.30 point. The EURO Stoxx 50 Futures trading at 3,715.00 with +1.28% percent or +47.00point.
TODAY’S FACTORS AND EVENTS
The ZEW Indicator of Economic Sentiment for Germany plummeted by 93.6 points to -39.3 in March of 2022, the lowest since the beginning of the COVID-19 pandemic in March 2020, below market expectations of 10. This was the biggest drop in expectations since the survey began in December 1991. Expectations for the inflation rate in Germany jump by 107.7 points to a new value of 70.2 points. The assessment of the economic situation in Germany also declined to -21.4 from -8.1, compared to forecasts of -22.5. “The war in Ukraine and the sanctions against Russia are significantly dampening the economic outlook for Germany. The collapsing economic expectations are accompanied by an extreme rise in inflation expectations. The experts therefore expect a stagflation in the coming months. The worsened outlook affects practically all sectors of the German economy, but especially the energy-intensive sectors and the financial sector
For the day Germany’s DAX closed at 13,917.27 with a loss of –0.085% percent or -11.84 point.the FTSE 100 closed at 7,175.70 with a loss of –0.25% percent or –17.77 point. France’s CAC 40 closed at 6,355.00 with a loss of –0.23% percent or –14.94 point.
For the day the Dow is trading at 33,544.34 up with +1.82% percent or +599.10 point. The S&P 500 is trading at 4,262.45 up with +2.14% percent or +89.34 point. The Nasdaq Composite is trading at 12,948.62 up with +2.92% percent or +367.40 point.
In other parts of world, Japan’s Nikkei 225 is trading at 25,762.01 up with +1.64% percent or +415.53 point. Hong Kong’s Hang Seng is trading at 20,002.60 with +8.62% ercent or +1,587.52 point. China’s Shanghai Composite is trading at 3,167.77 with 3,167.72 percent or ?101.25 point. India’s BSE Sensex is trading at 56,595.26 up with +1.47% percent or +818.41 point at 12:15 PM.