Euro Blue-Chip 50 Index Futures Margin & Contract Specifications

What Are Euro Blue-Chip 50 Index Futures?
The Euro Blue-Chip 50 Index is composed of 50 of the largest and most liquid blue-chip stocks from 11 eurozone countries, including companies such as ASML, LVMH, and SAP. Constituents are heavily concentrated in France and Germany, representing the core economic strength of the euro area. The index’s largest weights are concentrated in financials, industrials and manufacturing, energy, luxury goods, and technology.
Factors Affecting the Price of the Euro Blue-Chip 50 Index
1. European Central Bank (ECB) Monetary Policy and Economic Conditions
Economic indicators such as GDP growth, industrial output, PMI, and retail sales reflect the health of the eurozone economy. Strong data generally support index gains.
Inflation is the ECB’s primary policy concern. If CPI inflation exceeds expectations, especially alongside strong employment data, markets may anticipate prolonged high interest rates or further rate hikes. Higher rates increase corporate financing costs and are typically negative for the Euro Blue-Chip 50 Index.
2. Euro Exchange Rate
Movements in the euro affect export competitiveness and multinational earnings. When the euro weakens, European products become more competitive globally, boosting exports. Overseas revenues of companies such as LVMH or Siemens translate into higher euro-denominated earnings, providing short-term support for share prices and the index.
3. Global Market Linkages
Global equity markets are highly interconnected. Sharp rallies or sell-offs in U.S. equities often spill over into European markets.
For example, when the U.S. Federal Reserve raises interest rates, widening the U.S.–Europe interest rate differential, capital may flow from Europe to the United States, putting pressure on the Euro Blue-Chip 50 Index.
In addition, some constituents derive a meaningful portion of revenue from China—such as luxury goods leader LVMH—so weak Chinese domestic demand can weigh on corporate earnings and the index.
4. Corporate Earnings and Financial Results
The index has a highly concentrated sector structure. Technology and semiconductors, consumer goods, and financials together account for over 60% of index movements. When leading companies in these sectors—such as ASML, LVMH, and Allianz—report strong earnings, positive outlooks, and solid cash flows, the index typically rises.
5. Market Sentiment and Geopolitics
Political developments within the EU—such as elections or budget disputes—as well as geopolitical events like the Ukraine war, energy crises, or recurring pandemics can rapidly shift risk appetite. During such periods, investor sentiment often turns defensive, prompting capital to rotate out of equities and into safe-haven assets such as gold or government bonds, placing heavy selling pressure on the index.
EURO STOXX 50 Index Margin
How much money is needed to trade futures? At the beginning, the required margin is the initial margin. While holding a position, the margin after deducting floating profits and losses must remain above the maintenance margin; otherwise, a margin call will be issued. For day-trading margin, only half of the margin is required, provided the position is closed before the market closes.
Foreign Futures
| Name | Code | Initial Margin | Approximate Cost in TWD | Maintenance Margin | Day Trading Margin |
|---|---|---|---|---|---|
| EURO STOXX 50 Index | ESX | EUR 4,070 | 151,737 | EUR 4,070 | EUR 2,035 |
EURO STOXX 50 Index Contract Specifications
Here is a summary for traders of the contract specifications, exchange, trading hours, minimum price fluctuation, and available trading months for EURO STOXX 50 IndexFutures.
| Name/Code | $ EURO STOXX 50 IndexESX |
|---|---|
| Exchange | Eurex Frankfurt AG |
| Category | Futures |
| Local Trading Hours |
Futures 08:10-04:04* |
| Contract Specifications | 10€*Index |
| Minimum Price Fluctuation | 1 point = 10 Euro |
| Trading Months | 3,6,9,12 |
EURO STOXX 50 IndexLast Trading Day
Futures
| Commodity | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EURO STOXX 50 Index (ESX) | First Notice Day | 01/01 | 02/01 | 03/20 | 04/01 | 05/01 | 06/19 | - | - | 09/18 | - | - | 12/18 |
| Last Trading Day | 01/30 | 02/28 | 03/20 | 04/30 | 05/31 | 06/19 | - | - | 09/18 | - | - | 12/18 | |