DAX Futures Update : 26 Dec. 2022

The DAX Futures is trading at 14,018.0 with +0.44% percent +62.0 point. The FTSE 100 Futures is trading at 7,464.00 up with +0.03% percent or +2.50 point. The CAC 40 Futures is trading at 6,517.00 with a loss of -0.01% percent or -0.50 point. The EURO Stoxx 50 Futures trading at 3,829.00 with +0.18% percent or +7.00 point.

TODAY’S FACTORS AND EVENTS

The GfK Consumer Climate Indicator in Germany rose to -37.8 heading into January of 2023 from a marginally revised -40.1 in December, compared with market expectations of -38.0. The latest reading marked the third straight month of improvement in sentiment amid government energy measures. Both income expectations (-43.4 vs -54.3) and economic conditions (-10.3 vs -17.9) maintained their upward trajectory. Also, the gauge for the willingness to buy was less negative (-16.3 vs -18.6), with consumers continuing to put aside money in anticipation of higher heating bills in spring 2023. The index hit its record low of -42.8 in October. “The measures taken by the federal government to mitigate skyrocketing energy costs are apparently having an effect,” said Rolf Bürkl, GfK consumer expert. “However, it is still too soon to give the all-clear. The recovery of the consumer sentiment, as we are currently experiencing, is still on shaky ground.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,940.93 up with +0.19%% percent or +26.86 point. the FTSE 100 closed at 7,473.01 up with 0.050% percent or +3.73 point. France’s CAC 40 closed at 6,504.90 with a loss of -0.20% percent or ?13.07 point.

WORLD MARKETS