DAX Futures Update : 07 Feb. 2023
The DAX Futures is trading at 15,406.0 with +0.07% percent +11.0 point.The FTSE 100 Futures is trading at 7,815.00 with +0.09% percent or +7.00 point. The CAC 40 Futures is trading at 7,153.20 with -0.87% percent or -62.80 point. The EURO Stoxx 50 Futures trading at 4,218.00 with +0.17% percent or +7.00 point.
TODAY’S FACTORS AND EVENTS
European equity markets fell on Monday, with the pan-European STOXX 600 down 0.8% and the German DAX falling 0.8%, after stronger-than-expected US jobs data dashed market hopes that the Federal Reserve would pause its monetary policy tightening cycle soon. Markets now expect US policymakers to hike rates by 25bps in March and May, leaving the peak at 5.0%, compared with a previous forecast of 4.9%. Elsewhere, ECB Governing Council member Ignazio Visco said on Saturday that the ECB could take a cautious approach to increasing interest rates as short-term inflation expectations had dropped sharply. Investors will also focus on results from major companies, including BP, Unilever and banks such as BNP Paribas, Societe Generale and Credit Suisse. On the data front, German factory orders rebounded 3.2% in December, easily beating expectations of a 2% growth.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,345.91 with a loss of -0.84% percent or ?130.52 point.the FTSE 100 closed at 7,836.71 with a loss of -0.82% percent or ?65.09 point. France’s CAC 40 closed at 7,137.10 with 1.34% percent or ?96.84 point.
WORLD MARKETS
For the day the Dow is trading at 33,891.02 up with 0.10% percent or ?34.99 point. The S&P 500 is trading at 4,111.08 with a loss of –0.61% percent or ?25.40 point. The Nasdaq Composite is trading at 11,887.45 with a loss of 1.00% percent or ?119.50 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,671.07 with 0.082% percent or ?22.58 point. Hong Kong’s Hang Seng is trading at 21,365.54 with 0.68% ercent or +143.38 point. China’s Shanghai Composite is trading at 3,243.47 with 0.15% percent or +4.77 point. India’s BSE Sensex is trading at 60,447.71 with 0.098% percent or ?59.19 point at 12:15 PM.