DAX Futures Update : 23 Feb. 2023
The DAX Futures is trading at 15,481.0 with +0.46% percent +71.0 point. The FTSE 100 Futures is trading at 7,906.50 with +0.20% percent or +16.00 point. The CAC 40 Futures is trading at 7,310.50 with +0.11% percent or +8.00 point. The EURO Stoxx 50 Futures trading at 4,264.00 with +0.42% percent or +18.00 point.
TODAY’S FACTORS AND EVENTS
The Ifo Business Climate indicator for Germany increased to an eight-month high of 91.1 in February of 2023, from a downwardly revised 90.1 in January, compared to forecasts of 91.2. Expectations for the coming months were significantly less pessimistic (88.5 vs 86.4), while firms’ assessments of their current situation worsened a bit (93.9 vs 94.1). Meanwhile, 45.4% of companies complained about supply chain bottlenecks, less than 48.4% in January and the share of those who want to increase prices has fallen. Across sectors, the business mood in tourism and hospitality has improved markedly while export expectations industry were slightly down. On the economic front, the German economy will not get around a recession, but it will be a mild one, Ifo economist Klaus Wohlrabe said.
For the day Germany’s DAX closed at 15,399.89 with 0.015% percent or +2.27 point. the FTSE 100 closed at 7,930.63 with 0.59% percent or ?47.12 point. France’s CAC 40 closed at 7,299.26 with a loss of -0.13% percent or ?9.39 point.
For the day the Dow is trading at 33,045.09 with 0.26% percent or ?84.50 point. The S&P 500 is trading at 3,991.05 with 0.16% percent or ?6.29 point. The Nasdaq Composite is trading at 11,507.07 with 0.13% percent or +14.77point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,104.32 with 1.34% percent or ?368.78 point. Hong Kong’s Hang Seng is trading at 20,360.92 with 0.31% ercent or ?62.92 point. China’s Shanghai Composite is trading at 3,277.75 with 0.41% percent or ?13.40 point. India’s BSE Sensex is trading at 59,839.24 up with 0.16% percent or +94.26 point at 12:15 PM.