DAX Futures Update : 03 Jan. 2023

The DAX Futures is trading at 14,083.5 with -0.47% percent -66.5 point. The FTSE 100 Futures is trading at 7,465.50 with +0.17% percent or +13.00 point. The CAC 40 Futures is trading at 6,588.20 with +1.82% percent or +117.70 point. The EURO Stoxx 50 Futures trading at 3,846.00 with a loss of  -0.59% percent or -23.00 point.

 

TODAY’S FACTORS AND EVENTS

The S&P Global/BME Germany Manufacturing PMI was revised lower to 47.1 in December of 2022 from a preliminary of 47.4. The reading pointed to a sixth consecutive month of falling factory activity although the smallest decline in three months, helped by a further reduction in supply chain frictions. Better material availability also helped to ease output contraction and average lead times on inputs were reduced for a second month. On the other hand, new orders were down for the ninth month in a row, reflecting heightened levels of uncertainty and high stocks among customers. On the price front, input cost inflation fell markedly but remained well above its pre-pandemic average, owing in large part to high energy prices. Meanwhile, expectations towards future output, with confidence picking up further from October’s recent low to the highest since last March.

 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 14,069.26 up with +1.05% percent or +145.67 point.the FTSE 100 closed at 7,451.74 with a loss of -0.81% percent or -60.98  point. France’s CAC 40 closed at 6,594.57 with a loss of  -1.87% percent or -120.81 point.

 

WORLD MARKETS

For the day the Dow is trading at 33,147.25 with a loss of –0.22% percent or ?73.55 point. The S&P 500 is trading at 3,839.50 with a loss of –0.25% percent or ?9.78  point. The Nasdaq Composite is trading at 10,466.48 with a loss of 0.11% percent or ?11.61 point.

In other parts of world, Japan’s Nikkei 225 is trading at 26,094.50 up with +0.0032%  percent or +0.83 point. Hong Kong’s Hang Seng is trading at 20,048.49 up with +1.35% ercent or +267.08  point. China’s Shanghai Composite is trading at 3,108.78 with 0.63% percent or +19.53 point. India’s BSE Sensex is trading at 61,239.89 with 0.12% percent or +72.10 point at 12:15 PM.