DAX Futures Update : 10 Oct. 2022

The DAX Futures is trading at 12,198.5 with a loss of -0.42% percent -52.0 point.The FTSE 100 Futures is trading at 6,995.50 with a loss of -0.02% percent or -1.50 point. The CAC 40 Futures is trading at 5,814.80 with a loss of -0.90% percent or -52.70 point.  The EURO Stoxx 50 Futures trading at 3,342.00 with a loss of -0.48% percent or -16.00 point.

TODAY’S FACTORS AND EVENTS

Germany’s 10-year government bond yield extended gains towards 2.2% on Friday, moving closer to an 11-year high of 2.352% hit at the end of September, after a stronger-than-expected US jobs report pointed to a tight labor market, which, in turn, supports the continued aggressive monetary policy tightening campaign by the Federal Reserve. Elsewhere, the European Central Bank’s monetary policy meeting accounts suggested this week that policymakers will continue to raise interest rates to combat inflation even as the region faces an economic downturn. In September, the central bank lifted interest rates by an unprecedented 75 bps and signaled further rate hikes in the coming meetings. Money markets are almost fully pricing in another 75 bps interest rate hike at the October meeting with around 125 basis points of tightening by year-end.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 12,273.00 with a loss of –1.59% percent or ?197.78   point.the FTSE 100 closed at 6,991.09 with a loss of –0.088% percent or ?6.18  point. France’s CAC 40 closed at 5,866.94 with a loss of –1.17%percent or ?69.48    point.

WORLD MARKETS