Dax Futures Update : 06 Feb. 2023
The DAX Futures is trading at 15,393.0 with -0.47% percent -73.0 point.The FTSE 100 Futures is trading at 7,844.50 with a loss of -0.38% percent or -30.30 point. The CAC 40 Futures is trading at 7,216.00 with +0.56% percent or +40.20 point. The EURO Stoxx 50 Futures trading at 4,224.00 with a loss of -0.52% percent or -22.00 point.
TODAY’S FACTORS AND EVENTS
The yield on the 10-year German Bund bounced back toward 2.2% after a much stronger-than-expected US jobs report supported bets for more rate hikes and a prolonged period of elevated interest rates in the World’s biggest economy. In Europe, the ECB raised its key rates by 50bps, as widely expected, and signaled another similar hike in March to extend its efforts against soaring inflation in the bloc. Still, policymakers stated the bloc’s economy could contract both this quarter and the next, easing the extent of hawkish bets for the medium term. Additionally, the central bank confirmed that it will reduce its bond portfolio by EUR 15 billion per month during Q2 but refrained from making pledges for the year’s second half.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,476.43 with a loss of -0.21% percent or ?32.76 point.the FTSE 100 closed at 7,901.80 up with +1.04% percent or +81.64 point. France’s CAC 40 closed at 7,233.94 with 0.94% percent or +67.67 point.
WORLD MARKETS
For the day the Dow is trading at 33,926.01 up with 0.38% percent or ?127.93 point. The S&P 500 is trading at 4,136.48 with a loss of –1.04% percent or ?43.28 point. The Nasdaq Composite is trading at 12,006.96 up with 1.59% percent or ?193.86 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,702.89 with 0.70% percent or +193.43point. Hong Kong’s Hang Seng is trading at 21,107.00 with 2.56% ercent or ?553.47 point. China’s Shanghai Composite is trading at 3,229.20 with 1.05% percent or ?34.21 point. India’s BSE Sensex is trading at 60,356.06 with 0.80% percent or 0.80% point at 12:15 PM.