DAX Futures Update : 08 Sept. 2022
The DAX Futures is trading at 12,995.5 with +0.41% percent +53.5 point.The FTSE 100 Futures is trading at 7,269.00 with +0.17% percent or +12.50 point. The CAC 40 Futures is trading at 6,142.20 with +0.17% percent or +10.40 point. The EURO Stoxx 50 Futures trading at3,526.00 up with +0.54% percent or +19.00 point.
TODAY’S FACTORS AND EVENTS
Industrial production in Germany fell 0.3% month-over-month in July of 2022, following an upwardly revised 0.8% rise in June, and compared to forecasts of a 0.5% drop. Output went down for consumer (-2.4%) goods, namely non-durable (-3%) which includes the food industry; capital (-0.8%) and intermediate goods (-0.6%). Outside industry, production went up for energy (2.8%) and construction (1.4%). Year-on-year, industrial production went down 1.1%. Industrial production in Germany is still affected by an extreme shortage of intermediate products while supply chains are interrupted because of the war in Ukraine and distortions persist that have been caused by the Covid-19 crisis.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 12,915.97 with 0.35% percent or +44.53 point.the FTSE 100 closed at 7,237.83 with a loss of –0.86% percent or ?62.61 point. France’s CAC 40 closed at 6,105.92 up with +0.021% percent or +1.31 point.
WORLD MARKETS
For the day the Dow is trading at 31,581.28 with 1.40% percent or +435.98 point. The S&P 500 is trading at 3,979.87 with 1.83% percent or +71.68 point. The Nasdaq Composite is trading at 11,791.90 up with +2.14% percent or +246.99 point.
In other parts of world, Japan’s Nikkei 225 is trading at 28,006.70 up with +2.10% percent or +576.40 point. Hong Kong’s Hang Seng is trading at 18,984.15 with a loss of 0.32% ercent or -60.15 point. China’s Shanghai Composite is trading at 3,245.30 with a loss of –0.031% percent or ?0.99 point. India’s BSE Sensex is trading at 59,466.42 with 0.74% percent or +437.51 point at 12:15 PM.