DAX Futures Morning Update on 05 September 2019

The DAX Futures is trading at 12,110.80 up with +0.66% percent or +79.00 point. The FTSE 100 Futures is trading at 7,339.20 up with +0.50% percent or +36.70 point. The CAC 40 Futures is trading at 5,573.50  up with +0.79% percent or +43.50 point. The EURO Stoxx 50 Futures trading at 3,472.00 up with +0.52% percent or +18.00 point.

TODAY’S FACTORS AND EVENTS

The inflation rate in Germany is expected to ease to 1.4 percent year-on-year in August 2019 from a three-month high of 1.7 percent in the previous month, missing market expectations of 1.5 percent, a preliminary estimate showed.

Goods prices are set to increase 1.3 percent in August, easing from a 1.8 percent rise in the previous month, mainly due to a slowdown in energy inflation (0.6 percent vs 2.4 percent). Meanwhile, food prices should advance 2.7 percent, faster than 2.1 percent in July.

Services inflation is likely to pick up to 1.6 percent from 1.5 percent, with rents prices advancing 1.3 percent (vs 1.4 percent in July).

On a monthly basis, consumer prices are set to decline 0.2 percent in August, following a 0.5 percent advance in July and compared to market forecasts of a 0.1 percent fall.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 12,025.04  up with +0.96% percent or +114.18  point. the FTSE 100 closed at 7,311.26  up with +0.59% percent or +43.07 point. France’s CAC  40 closed at 5,532.07 up with +1.21% percent or +66.00 point.

WORLD MARKETS

For the day the Dow is trading at 26,355.47  up with +0.91% percent or +237.45  point. The S&P 500 is trading at 2,937.78  up with +1.08% percent or +31.51 point. The Nasdaq Composite is trading at 7,976.88 up with 1.30% percent or +102.72  point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,085.94 up  with +2.12% percent or +436.80 point. Hong Kong’s Hang Seng is trading at 26,368.79  with a loss of –0.58% percent or –154.44 point. China’s Shanghai Composite is trading at 2,989.31 up with +1.08% percent or +31.90 point. India’s BSE Sensex is trading at 36,630.75  with a loss of –0.26% percent or –93.99 point at 12:15 PM.