DAX Futures Update : 10 Feb. 2023

The DAX Futures is trading at 15,437.0 with -0.84% percent -131.0 point.The FTSE 100 Futures is trading at 7,848.50 with -0.40% percent or -31.50 point. The CAC 40 Futures is trading at 7,169.80 with +0.49% percent or +34.80 point.  The EURO Stoxx 50 Futures trading at 4,226.00 with -0.66% percent or -28.00 point.

 

 

TODAY’S FACTORS AND EVENTS

Germany’s 10-year yield eased to 2.3% after touching 2.396% on Wednesday, its highest level since January 4th, as investors weighed Germany’s weaker-than-expected CPI data against the relatively more-hawkish stance held by the European Central Bank. The latest CPI report showed inflation in Europe’s largest economy picked up slightly to 8.7% in January but remained below market forecasts of 8.9%, which could ease pressure on the European Central Bank to keep raising rates. Meanwhile, ECB’s Joachim Nagel joined a chorus of policymakers calling for more big interest rate hikes to bring inflation back to the 2% target, while board member Isabel Schnabel said that the rate hikes delivered by the ECB so far were having little impact on inflation. The ECB raised its key rates by 50bps to the highest level since 2008, and signaled another similar hike in March to extend its efforts against soaring inflation in the bloc

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 15,523.42 with 0.72% percent or +111.37 point.the FTSE 100 closed at 7,911.15 with 0.33% percent or +25.98 point. France’s CAC 40 closed at 7,188.36 with 0.96% percent or +68.53 point.

 

WORLD MARKETS

For the day the Dow is trading at 33,699.88 with a loss of –0.73% percent or ??249.13 point. The S&P 500 is trading at 4,081.50 with 0.88% percent or ?36.36 point. The Nasdaq Composite is trading at 11,789.58  with 1.02% percent or ?120.94 point.

In other parts of world, Japan’s Nikkei 225 is trading at 27,655.20 with 0.26% percent or +70.85 point. Hong Kong’s Hang Seng is trading at 21,197.22 with 1.98% ercent or ?427.14 point. China’s Shanghai Composite is trading at 3,251.41 with 0.58% percent or ?18.97 point. India’s BSE Sensex is trading at 60,633.49 up with 0.28% percent or ?172.73 point at 12:15 PM.