The DAX Futures is trading at 12,086.80 with a loss of -0.19% percent or -23.50 point. The FTSE 100 Futures is trading at 7,365.00 with a loss of -0.01% percent or -0.50 point. The CAC 40 Futures is trading at 5,359.98 with a loss of -0.28% percent or -14.94 point. The EURO Stoxx 50 Futures trading at 3,378.00 with a loss of -0.12% percent or -4.00 point.
TODAY’S FACTORS AND EVENTS
consumer inflation rose at an annualized rate of 2.7% in May, matching the forecast. However, producer price inflation slowed to 0.6% in May, down from 0.9% in April. As well, Chinese auto sales plunged 16.4% in May, its worst monthly decline on record. This marked an 11th successive decline and comes after a 14.6% drop in April. The soft numbers are reflective of the slowdown which has gripped the Chinese economy, as the bitter trade war with the U.S. shows no signs of easing.
PREVIOUS DAY ACTIVITY
For the day Germany’s DAX closed at 12,087.87 with a loss of -0.23% percent or -27.81 point.the FTSE 100 closed at 7,373.17 up with +0.075% percent or +5.55 point. France’s CAC 40 closed at 5,360.04 with a loss of -0.28% percent or -14.88 point.
WORLD MARKETS
For the day the Dow is trading at 26,004.83 with a loss of -0.17% percent or -43.68 point. The S&P 500 is trading at 2,879.84 with a loss of -0.20% percent or -5.88 point. The Nasdaq Composite is trading at 7,792.72 with a loss of -0.38% percent or -29.85 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,032.00 with a loss of -0.46% percent or -97.72 point. Hong Kong’s Hang Seng is trading at 27,144.50 with a loss of -0.60% percent or -163.96 point. China’s Shanghai Composite is trading at 2,910.74 up with +0.047% percent or +1.36 point. India’s BSE Sensex is trading at 39,537.19 with a loss of -0.55% percent or -219.62 point at 12:15 PM.
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