The DAX Futures is trading at 12,288.50 up with +0.23% percent or +28.80 point.The FTSE 100 Futures is trading at 7,464.00 up with +0.47% percent or +35.00 point. The CAC 40 Futures is trading at 5,576.20 up with +0.45% percent or +25.20 point. The EURO Stoxx 50 Futures trading at 3,498.00 up with +0.52% percent or +18.00 point.
TODAY’S FACTORS AND EVENTS
Services inflation accelerated to 1.9 percent in June from 1.2 percent in May. This was mainly attributable to the increase in package holiday prices (6.1 percent). Also, price increases were observed for services of social facilities (5.2 percent), maintenance and repair of vehicles (4.7 percent) and rail tickets (3.6 percent). Another major factor contributing to the development of service prices was the increase in net rents exclusive of heating expenses (1.4 percent), as households spend a large part of their consumption expenditure on this item. In contrast, an unusually large price decrease was recorded for pre-primary education services (-12.2 percent), which was due especially to the reduction of childcare costs in some Länder.
Goods prices increased 1.5 percent in June, slower than 1.8 percent in the prior month, as a slowdown in energy inflation offset a pick up in food inflation. Gains were also recorded for other goods such as newspapers and periodicals (4.6 percent) and tobacco products (3.4 percent). However, prices were down for some goods such as telephones (-6.9 percent) and consumer electronics (-6.1 percent).
PREVIOUS DAY ACTIVITY
For the day Germany’s DAX closed at 12,227.85 with a loss of -0.92% percent or -113.18 point.the FTSE 100 closed at 7,533.92 up with 0.54% percent or +40.75 point. France’s CAC 40 closed at 5,550.55 with a loss of -0.38% percent or -21.16 point.
For the day the Dow is trading at 27,222.97 up with +0.011% percent or +3.12 point. The S&P 500 is trading at 2,995.11 up with +0.36%percent or +10.69 point. The Nasdaq Composite is trading at 8,207.24 up with +0.27% percent or +22.04 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,466.99 up with +2.00% percent or +420.75 point. Hong Kong’s Hang Seng is trading at 28,752.74 up with +1.02% percent or +291.08 point. China’s Shanghai Composite is trading at 2,924.20 up with +0.79% percent or +23.02 point. India’s BSE Sensex is trading at 38,522.36 with a loss of -0.96% percent or -374.62 point at 12:15 PM.