DAX Futures Update : 10 June. 2022
The DAX Futures is trading at 14,098.0 with a loss of -0.68% percent -96.0 point.The FTSE 100 Futures is trading at 7,426.80 with a loss of -0.71% percent or -53.20 point. The CAC 40 Futures is trading at 6,303.50 with a loss of -2.22% percent or -143.00 point. The EURO Stoxx 50 Futures trading at 3,683.00 with +0.19% percent or +7.00 point.
TODAY’S FACTORS AND EVENTS
The yield on the German 10-year Bund rose to an 8-year high of 1.45% after the ECB said it will raise interest rates by 25bps in July, while leaving the door open for a more aggressive hike in September should the medium-term inflation outlook persist. To add, the central bank confirmed expectations that it will end quantitative easing via the Asset Purchase Program in the end of June. Meanwhile, policymakers upwardly revised year-end inflation forecasts to 6.8%, and forecasted inflation to remain above the central bank’s target ceiling until the end of 2024. Also, growth estimates for 2022 were revised lower to 2.8% in the bloc. Annual inflation in the Eurozone rose to a record high of 8.1% in May, well above forecasts, mainly due to surging energy and food costs amid supply shocks from the war in Ukraine
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 14,198.80 with a loss of –1.71% percent or –247.19 point. the FTSE 100 closed at 7,476.21 with a loss of –1.54% percent or ?116.79 point. France’s CAC 40 closed at 6,358.46 with a loss of –1.40% percent or –90.17 point.
WORLD MARKETS
For the day the Dow is trading at 32,272.79 with a loss of –1.94% percent or –638.11 point. The S&P 500 is trading at 4,017.82 with a loss of –2.38%percent or –97.95 point. The Nasdaq Composite is trading at 11,754.23 with a loss of –2.75% percent or –332.04 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,839.58 with a loss of –1.44% percent or ?406.95 point. Hong Kong’s Hang Seng is trading at 21,919.42 up with +0.23% ercent or +50.37 point. China’s Shanghai Composite is trading at 3,282.52 with 1.35% percent or +43.56 point. India’s BSE Sensex is trading at 54,477.04 with a loss of –1.52% percent or ?843.24 point at 12:15 PM.