DAX Futures Update : 24 March. 2022

The DAX Futures is trading at 14,317.50 up with +0.72% percent  +103.00 point.The FTSE 100 Futures is trading at 7,424.00 with +0.45% percent or +33.50 point. The CAC 40 Futures is trading at 6,550.50 with a loss of -1.57% percent or -104.50 point.The EURO Stoxx 50 Futures trading at 3,790.00 up with +0.66% percent or +25.00 point.

 

 

TODAY’S FACTORS AND EVENTS

The yield on the German 10-year Bund fell below 0.5%, easing from the 2018 high of 0.52% touched on March 21st as investors weighed on debt supply announcements. Germany’s bond issuance plan shall remain unchanged in the second quarter, despite pledging higher spending on military. This follows a general bond sell-off that lifted yields to multi-year highs as investors anticipate stronger tightening cycles by major central banks. Fed Chair Powell put a 50bps rate hike in the table for the next Fed meeting, few days after the US central bank raised the fed funds rate by 25 bps. At the same time, eurozone money markets continue to bet that the European Central Bank will raise the interest by 50bps until the end of the year. Inflation in the Euro Area is already running at record highs and is now likely to be more persistent on the back of higher commodity prices and a tight labor market.

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YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 14,283.65 with a loss of –1.31% percent or ?189.55   point.the FTSE 100 closed at 7,460.63 with a loss of –0.22% percent or ?16.09 point. France’s CAC 40 closed at 6,581.43 with a loss of –1.17% percent or77.98 point.

 

 

WORLD MARKETS

For the day the Dow is trading at 34,358.50 with a loss of –1.29% percent or448.96 point. The S&P 500 is trading at 4,456.24 with a loss of –1.23% percent or ?55.37  point. The Nasdaq Composite is trading at 13,922.60 with a loss of –1.32% percent or186.21  point.

In other parts of world, Japan’s Nikkei 225 is trading at 28,083.77 up with +0.16% percent or +43.61 point. Hong Kong’s Hang Seng is trading at 22,117.90  with a loss of –0.16% ercent or36.18 point. China’s Shanghai Composite is trading at 3,253.32 with a loss of –0.54% percent or17.71 point. India’s BSE Sensex is trading at 57,669.11 with 0.027% percent or15.71  point at 12:15 PM.