The DAX Futures is trading at 11,630.20 with a loss of -0.41% percent or –48.20 point.The FTSE 100 Futures is trading at 7,068.80 with a loss of -0.50% percent or -35.20 point. The CAC 40 Futures is trading at 5,341.20 with a loss of -0.13% percent or –6.80 point. The EURO Stoxx 50 Futures trading at 3,340.00 with -0.48% percent or -16.00 point.
TODAY’S FACTORS AND EVENTS
The German economy contracted a seasonally-adjusted 0.1 percent on quarter in the second quarter of 2019, unrevised from the preliminary estimate and following a 0.4 percent growth in the previous period. Net external demand contributed negatively to the GDP as exports fell faster than imports, while investment in construction declined markedly.
The largest negative contributions to the GDP growth came from foreign trade (-0.5 percentage points), while gross fixed capital formation was neutral. On the other hand, both household consumption and government spending added 0.1 percentage points, respectively; and changes in inventories contributed 0.3 percentage points
PREVIOUS DAY ACTIVITY
For the day Germany’s DAX closed at 11,658.04 up with +0.40% percent or +46.53 point.the FTSE 100 closed at 7,066.95 with a loss of –0.40% percent or –28.03 point. France’s CAC 40 closed at 5,351.02 up with +0.45% percent or +24.16 point.
WORLD MARKETS
For the day the Dow is trading at 25,898.83 up with +1.05% percent or +269.93 point. The S&P 500 is trading at 2,878.38 up with +1.10% percent or +31.27 point. The Nasdaq Composite is trading at 7,853.74 up with +1.32% percent or +101.97 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,456.08 up with +0.96% percent or +195.04point. Hong Kong’s Hang Seng is trading at 25,611.38 with a loss of –0.27% percent or –68.95 point. China’s Shanghai Composite is trading at 2,902.19 up with +1.35% percent or +38.63 point. India’s BSE Sensex is trading at 37,648.44 up with +0.41% percent or +154.32 point at 12:15 PM.
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