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DAX futures lift even after shockingly poor German data
Following ion from an earlier update, noting the imminent release of the German August Factory orders data, that report has now been released and it was absolutely dire. German factory orders went over a cliff, falling by 5.8% in August. As noted, the markets had expected a 2% decline and even allowing for a revision to the previous data, this was still a disaster for anyone hoping, or expecting a recovery in the German economy. That said the EUR/USD has not even blinked at this data, but then again that is often the case with this report, daft as it may seem. The DAX futures are higher too- please someone tell me there is something I am missing? Well, the index closed on Friday at 19,120, with a gain of 105 points on the day. The DAX futures have been pricing a reopening above 19,225 earlier, during the Asian session. They are right now pricing it at around 19,180
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
