DAX Futures Update : 23 August. 2022

The DAX Futures is trading at 13,227.0 up with +0.05% percent +7.0 point.The FTSE 100 Futures is trading at 7,499.20 with  a loss of -0.36% percent or -27.30 point. The CAC 40 Futures is trading at 6,371.00 with a loss of -2.21% percent or -143.90 point.  The EURO Stoxx 50 Futures trading at 3,654.00 up with +0.08% percent or +3.00 point.

 

TODAY’S FACTORS AND EVENTS

The yield on the German 10-year Bund rose past 1.2% in August, the highest in nearly one month, as inflationary concerns strengthened expectations that major central banks will continue their aggressive tightening paths. ECB board member Isabel Schnabel stated that the central bank’s inflation outlook has not improved since the July 50bps rate hike. The latest CPI data confirmed that inflation in the currency bloc rose at a record pace of 8.9% in July. In the meantime, Europe’s energy woes continue amid reduced supplies from Russia, further threatening the economic outlook and inflation through soaring natural gas prices. Germany’s federal network agency said that the country needs to cut 20% of its natural gas usage to avoid rationing in the winter. The latest data showed investor confidence in the German economy fell to the lowest since October 2008 in August as high heating and energy costs weigh on the outlook.

 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,247.78 up with  +0.13% percent or +17.21    point.the FTSE 100 closed at 7,497.06  with a loss of –0.49% percent or36.73 point. France’s CAC 40 closed at 6,367.79 with a loss of –0.17% percent or10.95  point.

 

 

WORLD MARKETS

For the day the Dow is trading at 33,063.61 with a loss of –1.91% percent or ?643.13 point. The S&P 500 is trading at 4,137.99  with a loss of –2.14% percent or -90.49  point. The Nasdaq Composite is trading at 12,381.57 with a loss of –2.55% percent or -2.55%  point.

In other parts of world, Japan’s Nikkei 225 is trading at 28,453.68 with a loss of –1.18% percent or -340.82  point. Hong Kong’s Hang Seng is trading at 19,506.82 with a loss of –0.76% ercent or -150.16  point. China’s Shanghai Composite is trading at 3,276.52 with a loss of –0.039% percent or -1.27 point. India’s BSE Sensex is trading at 58,523.38 with a loss of –0.43% percent or -250.49  point at 12:15 PM.