The DAX Futures is trading at 12,826.30 with a loss of -0.68% or -88.20 point.The FTSE 100 Futures is trading at 6,238.00 with a loss of -0.52% percent or -32.50 point. The CAC 40 Futures is trading at 5,074.00 with a loss of -0.68% percent or -34.50 point. The EURO Stoxx 50 Futures trading at 3,340.00 with a loss of -1.04% percent or -35.00 point.
TODAY’S FACTORS AND EVENTS
There was a mixed tone in the markets today with European indices sharply lower as DAX traded more than -1.5% down while the US futures held their own trading about a third a percent higher across the board.
The Bloomberg survey anticipated a decrease of 2%. Imports rose by 2%. The median forecast was for a 9% decline after a 16.7% fall in May. This resulted in a trade surplus of $46.4 bln, down from almost $63 bln previously. Regionally, exports rose to ASEAN (1.6%) and the US (1.4%). The two together account for around a third of PRC exports. The exports of medical goods rose by 100%, while exports to furniture and electrical lighting equipment rose by 8.4% and 9.9%, respectively. Energy imports soared (crude oil imports rose 19.2% on the month) as did soy. China appears to have stepped up its purchases of US grains in recent weeks.
For the day Germany’s DAX closed at 12,930.98 up with +1.84% percent or +233.62 point.the FTSE 100 closed at 6,262.25 with a loss of –0.48% percent or –30.40 point. France’s CAC 40 closed at 5,108.98 up with +2.03% percent or +101.53 point.
For the day the Dow is trading at 26,870.10 up with +0.85% percent or +227.51 point. The S&P 500 is trading at 3,226.56 up with +0.91% percent or +29.04 point. The Nasdaq Composite is trading at 10,550.49 up with +0.59% percent or +61.92 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,770.36 with a loss of –0.76% percent or –175.14 point. Hong Kong’s Hang Seng is trading at 25,100.10 with a loss of –1.50% percent or –381.48 point. China’s Shanghai Composite is trading at 3,210.10 with a loss of –4.50% percent or –151.21 point. India’s BSE Sensex is trading at 36,246.70 up with +0.54% percent or +194.89 point at 12:15 PM.