DAX FUTURES MORNING UPDATE AS ON 04 Oct. 2022

DAX Futures Update : 04 Oct. 2022

The DAX Futures is trading at 12,390.0 with +1.13% percent +138.2 point.The FTSE 100 Futures is trading at 6,971.20 up with +0.89% percent or +61.20 point. The CAC 40 Futures is tradingat 5,876.00 up with +1.24% percent or +72.20 point.  The EURO Stoxx 50 Futures trading at 3,388.00 up with +1.22% percent or +41.00 point.

 

TODAY’S FACTORS AND EVENTS

The S&P Global/BME Global Germany Manufacturing PMI was revised lower to 47.8 in September 2022 from a preliminary estimate of 48.3, pointing to a third successive month of contraction in the sector and at the sharpest pace since June 2020. Inflows of new work decreased for the sixth month in a row and to the greatest extent since May 2020 amid rising prices and a deteriorating economic outlook, with export sales dropping the most for almost two-and-a-half years on weaker demand from China. Meanwhile, the output contraction softened, while the pace of job creation eased to a 19-month low. On the price front, input cost inflation picked up to a three-month high, while output price inflation eased to the joint-lowest in the past 17 months but remained elevated by historical standards. Finally, business sentiment deteriorated to a two-and-a-half-year low in September, due to concerns around the price and supply of energy, and the implications for inflation and demand.

 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 12,209.48 up with +0.79% percent or +95.12   point. the FTSE 100 closed at 6,908.76 up with +0.22% percent or +14.95 point. France’s CAC 40 closed at 5,794.15 up with +0.55% percent or +31.81   point.

 

WORLD MARKETS

For the day the Dow is trading at 29,490.89 with 2.66% percent or +765.38 point. The S&P 500 is trading at 3,678.43 with  +2.59% percent or +92.81  point. The Nasdaq Composite is trading at 10,815.44 with 2.27%  percent or -161.89   point.

In other parts of world, Japan’s Nikkei 225 is trading at 26,962.27 up with +2.85% percent or +746.48  point. Hong Kong’s Hang Seng is trading at 17,079.51 with a loss of –0.83% percent or –143.32  point. China’s Shanghai Composite is trading at 3,024.39 with a loss of –0.55% percent or ?16.81 point. India’s BSE Sensex is trading at 3,024.39 with a loss of –0.55% percent or -16.81  point at 12:15 PM.