DAX Futures Update : 20 Jan. 2023

The DAX Futures is trading at 15,070.0 with +0.49% percent +74.0 point.The FTSE 100 Futures is trading at 7,769.20 with +0.47% percent or +36.20 point. The CAC 40 Futures is trading at 6,995.00 with -1.27% percent or -90.00 point.  The EURO Stoxx 50 Futures trading at 4,122.00 with +0.46% percent or +19.00 point.



Germany’s 10-year yield hovered around 2%, remaining close to its lowest level since December 14th. Investors digested comments from key central bankers while weaker-than-expected US economic data reinforced expectations that the US Fed will continue to reduce its tightening pace in upcoming meetings. In Europe, ECB President Lagarde warned that the central bank would continue raising interest rates and leave them in restrictive territory for as long as necessary to bring down inflation to its 2% target, hours after Knot saying that markets might be underestimating planned rate hikes by the bloc’s central bank. Earlier in the week, policy council member Rehn had said significant rate hikes were justified in the near term to keep inflation expectations under control, while Francois Villeroy de Galhau said interest rates could peak by the summer. Investors now expect the ECB’s main interest rate to peak at 3.2% in August 2023, below a previous forecast of 3.5%.


For the day Germany’s DAX closed at 14,920.36 with a loss of -1.72% percent or ??261.44 point. the FTSE 100 closed at 7,747.29 with a loss of -1.07% percent or ?83.41 point. France’s CAC 40 closed at 6,951.87 with 1.86% percent or ?131.52  point.


For the day the Dow is trading at 33,044.56 with a loss of –0.76% percent or ?252.40 point. The S&P 500 is trading at 3,898.85 with 0.76% percent or ?30.01 point. The Nasdaq Composite is trading at 10,852.27 up with 0.96% percent or ?104.74  point.

In other parts of world, Japan’s Nikkei 225 is trading at 26,491.43 with +0.33% percent or +86.20 point. Hong Kong’s Hang Seng is trading at 21,895.13 with 1.13% ercent or +244.15 point. China’s Shanghai Composite is trading at 3,259.01 with 0.58% percent or +18.73 point. India’s BSE Sensex is trading at 60,986.11 with 0.21% percent or +127.68 point at 12:15 PM.