As Omicron variant-related news spread across the globe, stocks and futures in key indices fell on Monday morning. It seems that investors and traders may be adopting risk-averse behavior as much about Omicron’s economic effects remains unknown.
The Turkish lira fell to a new all-time low, as investors sold off the currency after President Erodgan threatened expulsion against the ambassadors of 10 countries, including the U.S. and Germany, for demanding he releases political prisoners.
Germany 40 index futures CFD, which is based on the DAX index futures, tracks the 40 largest companies with the highest trading volume on the Frankfurt Stock Exchange. It is considered a highly popular financial instrument among day traders.
Germany 40 is a capitalisation-weighted index, meaning its value is determined by summing up the components of the index based on the market capitalisation of their freely tradable shares, and then dividing that figure by the total number of companies. As a result, large-size companies in the index have a higher impact on the price then small-size companies.
The price of the Germany 40 futures contract can be influenced by numerous factors relating to Germany’s economic stability - ranging from its GDP growth rate and government revenues, to changes in interest, inflation and unemployment rates. Furthermore, macroeconomic events and changes in trade agreements, at both regional and global levels, tend to move the Germany 40 index, which represents one of Europe’s biggest and most influential economies.
You can find live updates on the instrument’s Details screen regarding economic events and reports that may affect Germany 40.