DAX Futures Update : 25 Nov. 2022

The DAX Futures is trading at 14,552.0 with -0.01% percent –1.0 point. The FTSE 100 Futures is trading at 7,476.00 with -0.12% percent or -9.00 point. The CAC 40 Futures is trading at 6,705.80 with +0.45% percent or +29.80 point. The EURO Stoxx 50 Futures trading at 3,960.00 with a loss of -0.08% percent or -3.00 point.

TODAY’S FACTORS AND EVENTS

German 10-year yields extended losses towards 1.8%, touching its lowest level since September 19th and tracking a drop in US yields the day before. Minutes from the Federal Reserve’s latest meeting showed that a “substantial majority” of officials agreed it would likely soon be appropriate to slow the pace of interest rate hikes, even as inflation remains well above the central bank’s target. Elsewhere, the European Central Bank’s meeting accounts showed that policymakers will continue normalizing and tightening monetary policy to combat high inflation, even in the event of a shallow recession. Still, the minutes also suggested that the central bank might want to pause the ongoing interest rate hikes if there was a prolonged and deep recession, which would be likely to curb inflation to a larger extent. Eurozone’s interest rates are seen peaking around 2.8% by the end of next summer.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 14,539.56 up with 0.78% percent or +111.97  point the FTSE 100 closed at 7,466.60 with 0.018% percent or +1.36 point. France’s CAC 40 closed at 6,707.32 with 0.42% percent or +28.23 point.

WORLD MARKETS