The DAX Futures is trading at 12,787.50 up with +0.35% percent or +45.00 point .The FTSE 100 Futures is trading at 7,688.50 up with +0.44% percent or +34.00 point. The CAC 40 Futures is trading at 5,414.50 up with + 0.13% percent or +7.00 point . The EURO Stoxx 50 Futures is trading at 3,440.00 up with +0.53% percent or + 18.00 point.
TODAY’S FACTORS AND EVENTS
German retail sales were unexpectedly strong in April, with a sharp gain of 2.3%. This reading ended a nasty streak of four declines. The gain is the strongest since December, and raises hopes that second quarter growth will rebound after a sluggish first quarter. Inflation is also expected to improve, with German Preliminary CPI forecast to rise to 0.3% in May after a flat reading of 0.0% in April. The story in France, the second largest economy in the eurozone, was not as bright. Consumer spending plunged 1.5% in April, marking a 3-month low. Preliminary GDP fell to 0.2% in March, down from 0.6% a month earlier.
For the day the Dow is trading at 24,667.78 up with +1.26% percent or +306.33 point. The S&P 500 is trading at 2,724.01 up with +1.27% percent or +34.15 point. The Nasdaq Composite is trading at 77,462.45 up with +0.89% percent or +65.86 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,201.82 up with +0.83% percent or +183.30 point. Hong Kong’s Hang Seng is trading at 30,376.72 up with +1.06% percent or +319.93 point. China’s Shanghai Composite is trading at 3,095.47 up with +1.78% percent or +54.03 point. India’s BSE Sensex is trading at 35,058.88 up with +0.44% percent or +152.77 point at 12:15 PM.