DAX Futures Update : 08 June. 2022
The DAX Futures is trading at 14,590.0 with +0.28% percent +41.0 point.The FTSE 100 Futures is trading at 7,618.00 up with +0.25% percent or +19.00 point. The CAC 40 Futures is trading at 6,523.50 with -0.29% percent or -19.00 point.The EURO Stoxx 50 Futures trading at 3,804.00 with a loss of -0.05% percent or -2.00 point.
TODAY’S FACTORS AND EVENTS
The S&P Global Germany Construction PMI fell sharply to 45.4 in May of 2022 from 46.0 in April, pointing to the second consecutive contraction in the construction sector since last August. There were decreases in activity across all three broad construction categories, with firms noting that persistent supply-chain bottlenecks and a declining intake of new work dampened activity. At the same time, another sharp rise in the cost of building materials and higher interest rates were both headwinds to demand. Meanwhile, input costs continued to increase to levels not seen since last year’s survey-record highs, while back-to-back decreases were recorded in employment. Finally, business expectations were at their lowest since the initial COVID shutdowns in the spring of 2020, weighed down by concerns over acute price pressures, material shortages, and greater client caution due to the uncertain economic environment.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 14,556.62 with a loss of –0.66% percent or –97.19 point.the FTSE 100 closed at 7,598.93 with a loss of –0.12% percent or –9.29 point. France’s CAC 40 closed at 6,500.35 with a loss of –0.74% percent or –48.43 point.
WORLD MARKETS
For the day the Dow is trading at 33,180.14 up with +0.80% percent or +264.36 point. The S&P 500 is trading at 4,160.68 up with +0.95% percent or +39.25 point. The Nasdaq Composite is trading at 12,175.23 up with +0.94% percent or +113.86 point.
In other parts of world, Japan’s Nikkei 225 is trading at 28,191.13 up with 0.88% percent or +247.18 point. Hong Kong’s Hang Seng is trading at 21,881.48 up with +1.62% ercent or +349.81 point. China’s Shanghai Composite is trading at 3,234.59 with a loss of –0.22% percent or ?7.18 point. India’s BSE Sensex is trading at 55,178.90 up with +0.13% percent or +71.56 point at 12:15 PM.