DAX Futures Update : 07 Oct. 2022

The DAX Futures is trading at 12,459.0 with +0.14% percent +17.2 point.The FTSE 100 Futures is trading at 7,000.00 with +0.04% percent or +3.00 point. The CAC 40 Futures is trading at 5,931.50 with a loss of -0.91% percent or -54.50 point.  The EURO Stoxx 50 Futures trading at 3,420.00 up with +0.00% percent or +0.00 point.

 

TODAY’S FACTORS AND EVENTS

Retail sales in Germany shrank 1.3% month-over-month in August of 2022, following a downwardly revised 0.7% rise in July and compared to market forecasts of a 1.1% decline. Retail sales data continue to point to a squeeze in consumer spending as price increase weigh on affordability. Sales were down for both food (-1.7%) and non-food (-0.5%), namely textiles, clothing and shoes (-1.1%), furniture, household appliances and building supplies (-1.1%). On the other hand, sales at petrol stations jumped at a record 14%. Year-on-year, retail sales declined 4.3%.

 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 12,470.78 with a loss of –0.37% percent or -46.40   point.the FTSE 100 closed at 6,997.27 with a loss of –0.78% percent or55.35 point. France’s CAC 40 closed at 5,936.42 with a loss of –0.82% percent or ?49.04   point.

 

WORLD MARKETS

For the day the Dow is trading at 29,926.94 with a loss of –1.15% percent or -346.93point. The S&P 500 is trading at 3,744.52 with  1.02% percent or -38.76  point. The Nasdaq Composite is trading at 11,073.31 with a loss of –0.68%  percent or -75.33  point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,112.14 with a loss of –0.73% percent or -199.16  point. Hong Kong’s Hang Seng is trading at 17,775.08 with a loss of –1.32% ercent or237.07  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 57,994.71 with a loss of  –0.39% percent or -227.39  point at 12:15 PM.