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Euro Blue-Chip 50 Index Futures Margin & Contract Specifications

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*
Options 14:50-23:30
Futures and options
Last trading day until 18:00
Daily settlement price 23:30

Contract Specifications

10€*Index

Minimum Price Fluctuation 1 point = 10 Euro
Trading Months 3,6,9,12

EURO STOXX 50 IndexLast Trading Day

Futures

  • Q1
  • Q2
  • Q3
  • Q4
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
::: Capital Securities Capital Inv. Cons. Capital Insurance Capital Asset Mgmt. Capital HK
Futures Corporation:(02)2700-2888
B1, No. 97, Section 2, Dunhua South Road, Taipei City
Taichung Branch:(04)2319-9909
3F-6, No. 633, Sec. 2, Taiwan Blvd, Xitun Dist, Taichung City
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