DAX Futures Update : 08 Feb. 2023
The DAX Futures is trading at 15,514.0 with +1.04% percent +159.0 point.The FTSE 100 Futures is trading at 7,879.20 with +0.63% percent or +49.20 point. The CAC 40 Futures is trading at 7,186.80 with +0.47% percent or +33.60 point. The EURO Stoxx 50 Futures trading at 4,256.00 with +1.09% percent or +46.00 point.
TODAY’S FACTORS AND EVENTS
Industrial production in Germany went down sharply by 3.1% month-over-month in December of 2022, following an upwardly revised 0.4% rise in November and worse than market forecasts of a 0.7% decline. This marked the steepest decline in industrial output since March 2022. Output declined for intermediate goods (-5.8%), notably chemical industry (-11.2%) and production was unchanged for capital goods while increased for consumer goods (0.3%). Meanwhile, the output of energy was down 2.3% while that of construction fell 8%. Also, production in the energy-intensive industrial branches decreased by 6.1%, due to high energy prices and negative development in the chemical industry. Compared with December 2021, industrial output shrank 3.9%. Considering full 2022, industrial production was 0.6% lower than in 2021 and 5% below the pre-pandemic year of 2019.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,320.88 with a loss of -0.16% percent or ?25.03 point. the FTSE 100 closed at 7,864.71 with 0.36% percent or +28.00 point. France’s CAC 40 closed at 7,132.35 with 0.067% percent or ?4.75 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.