DAX Futures Morning Update on 22 July 2019

The DAX Futures is trading at 12,285.20 up with +0.30% percent or +36.70 point.The FTSE 100 Futures is trading at 7,478.80  up with +0.51% percent or +37.80 point. The CAC 40 Futures is trading at 5,563.50  up with +0.05% percent or +2.70 point.  The EURO Stoxx 50 Futures trading at 3,482 up with +0.32% percent or +11 point.

TODAY’S FACTORS AND EVENTS

Food costs increased 1.2 percent, compared to a 0.9 percent rise in May, as vegetable prices increased substantially (9.6 percent). Price rises were also recorded for fish, fish products and seafood (3.0 percent), meat and meat products (2.8 percent), and bread and cereals (2.2 percent). In contrast, prices fell considerably for edible fats and oils (-9.3 percent) and fruit (-6.1 percent).

Meanwhile, energy inflation eased to 2.5 percent from 4.2 percent in May. The prices of district heating (5.6 percent), natural gas (4.1 percent), electricity (3.4 percent), and motor fuel (1.2 percent) were higher, while heating oil prices dropped 3.5 percent.

On a monthly basis, the consumer price index rose 0.3 percent in June, accelerating from a 0.2 percent gain in May. This was mainly due to prices of package holidays (18.6 percent). Prices were also up for air tickets (2.6 percent), including international flight (2.9 percent), rail tickets (1.6 percent) and accommodation (0.9 percent). Meantime, food prices remained nearly unchanged (0.1 percent), while energy costs were down 1.1 percent. Consumers also benefited from lower clothing and footwear prices (-1.7 percent), which was partly due to first discounts given on spring and summer articles.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,298.22 up with +0.31% percent or +34.42 point.the FTSE 100 closed at 7,545.28  up with +0.49% percent or +36.58 point. France’s CAC  40 closed at 5,565.13  up with +0.23% percent or +12.80 point.

WORLD MARKETS

For the day the Dow is trading at 27,154.20   with a loss of -0.25% percent or -68.77 point. The S&P 500 is trading at 2,976.61 with a loss of -0.62% percent or -18.50 point. The Nasdaq Composite is trading at 8,146.49  with a loss of -0.74% percent or -60.75 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,416.79   with a loss of -0.23% percent or -50.20 point. Hong Kong’s Hang Seng is trading at 28,371.26  with a loss of -1.37% percent or -394.14 point. China’s Shanghai Composite is trading at 2,886.97 with a loss of -1.27% percent or -37.23 point. India’s BSE Sensex is trading at 38,522.36   with a loss of -0.87% percent or -334.62 point at 12:15 PM.

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