The DAX Futures is trading at 11,724.00 with a loss of -0.63% percent or -74.80 point. The FTSE 100 Futures is trading at 7,222.20 up with +0.03% percent or +2.20 point. The CAC 40 Futures is trading at 5,356.00 with a loss of -0.12% percent or -6.50 point.The EURO Stoxx 50 Futures trading at 3,348.00 with a loss of -0.48% percent or -16.00 point.
TODAY’S FACTORS AND EVENTS
The inflation rate in Germany is expected to rise to 1.7 percent year-on-year in July 2019 from 1.6 percent in the previous month and above market expectations of 1.5 percent, a preliminary estimate showed.
Food inflation is expected to climb to 2.1 percent in July from 1.2 percent in June, while energy prices should increase 2.4 percent, little-changed from 2.5 percent in the previous month. Meanwhile, services inflation is likely to fall to 1.5 percent from 1.9 percent, with rents prices advancing 1.4 percent, the same pace as June.
On a monthly basis, consumer prices are set to advance 0.5 percent in July, following a 0.3 percent gain in June and also beating market forecasts of 0.3 percent.
PREVIOUS DAY ACTIVITY
For the day Germany’s DAX closed at 11,745.53 with a loss of -0.08% percent or -15.11 point.the FTSE 100 closed at 7,249.60 with a loss of -0.018% percent or -1.30 point. France’s CAC 40 closed at 5,363.40 up with +0.0063% percent or +0.34 point.
For the day the Dow is trading at 26,279.91 up with +1.44% percent or +372.54 point. The S&P 500 is trading at 2,926.32 up with +1.48% percent or +42.57 point. The Nasdaq Composite is trading at 8,016.36 up with +1.95% percent or +152.95 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,655.13 up with +0.98% percent or +199.69 point. Hong Kong’s Hang Seng is trading at 25,264.22 with a loss of -0.068% percent or -17.08 point. China’s Shanghai Composite is trading at 2,808.91 up with +0.42% percent or +11.66 point. India’s BSE Sensex is trading at 37,318.89 up with +0.98% percent or +360.73 point at 12:15 PM.