What’s next? – DAX 06.12.17

The German stock index DAX futures were 0.33 percent lower as of 05:55 GMT at 13,006 points on Wednesday, as trading activity remains constricted in the lack of catalysts.

Ahead in today’s session, Germany’s factory orders for October are due for release at 07:00 GMT, while a speech from ECB member Mersch is scheduled at 10:30 GMT.

The German benchmark ended at 13,048.54 on Tuesday in Frankfurt, with a tiny loss of 0.08 percent, with Basic Resources, Food & Beverages and Insurance weighing on the index.

Sectors such as Utilities, Technology and Financial Services contributed to cap losses during the session and keep the benchmark within the current thin range.

On the data front, activity in Germany’s services sector notched down in November to 54.3 from a prior month reading of 54.9. Eurozone’s services PMI came in line with expectations at 56.2.

Also, retail sales in the Eurozone dropped 1.1 percent in October, more than a forecasted decline of 0.7 percent and a previous month 0.8 percent increase.

The best performers of the session were Vonovia, which adde 2.25 percent or 0.90 points to 40.66, Infineon Technologies rising 1.99 percent or 0.445 points to 22.815 and Deutsche Boerse up 1.79 percent or 1.700 points to 96.900.

The worst performers of the session were Volkswagen, which dropped 1.50 percent or 2.60 points to 170.75. Thyssenkrupp fell 1.31 percent or 0.300 points to 22.560 and Bayer was down 1.16 percent or 1.25 points at 106.15.

Fort Financial Services