DAX Futures Update : 02 March. 2023
The DAX Futures is trading at 15,421.5 with -0.13% percent –19.6 point. The FTSE 100 Futures is trading at 7,918.80 with -0.06% percent or -4.40 point. The CAC 40 Futures is trading at 7,309.20 with +1.09% percent or +78.70 point. The EURO Stoxx 50 Futures trading at 4,258.00 with +0.09% percent or +4.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s consumer price inflation remained unchanged at 8.7 percent year-on-year in February 2023, not far from a peak of 8.8 percent seen in October and November and above market expectations of 8.5 percent, a preliminary estimate showed. It was also well above the European Central Bank’s target of 2.0 percent, and came on the heels of robust labor market data released earlier, which could mean the European Central Bank might stick to its current policy tightening campaign. Services inflation accelerated to 4.7 percent in February from 4.5 percent in January, with rent prices advancing 2.0 percent, the same pace as the month before. Meanwhile, goods inflation eased slightly to 12.4 percent from 12.7 percent, as a slowdown in energy inflation (19.1 percent vs 23.1 percent) partially offset a sharper increase in the cost for food (21.8 percent vs 20.2 percent). On a monthly basis, consumer prices advanced 0.8 percent in February, also above consensus of a 0.6 percent rise
For the day Germany’s DAX closed at 15,305.02 with 0.39% percent or ?60.12 point.the FTSE 100 closed at 7,914.93 with 0.49% percent or +38.65 point. France’s CAC 40 closed at 7,234.25 with 0.46% percent or ?33.68 point.
For the day the Dow is trading at 32,661.84 with 0.016% percent or +5.14 point. The S&P 500 is trading at 3,951.39 with 0.47% percent or ?18.76 point. The Nasdaq Composite is trading at 11,379.48 with 0.66% percent or ?76.06 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,519.62 with 0.011% percent or +3.09 point. Hong Kong’s Hang Seng is trading at 20,467.86 with 0.74% ercent or ?151.85 point. China’s Shanghai Composite is trading at 3,310.35 with 0.060% percent or ?2.00 point. India’s BSE Sensex is trading at 59,087.81 with a loss of 0.54% percent or ?323.27 point at 12:15 PM.