The DAX Futures is trading at 12,898.30 up with +0.08% or +10.80 point. The FTSE 100 Futures is trading at 6,096.50 up with +0.33% percent or +20.20  point. The CAC 40 Futures is trading at 4,939.50 up with +0.07% percent or +3.50 point.The EURO Stoxx 50 Futures trading at 3,306.00 up with +0.21% percent or +7.00 point.

TODAY’S FACTORS AND EVENTS

 the DAX trades with a PE ratio of 15. This is at the upper end of its historical range going back to 2003. Multiples on the DAX collapses fairly sharply in 2009, falling to a low of around 7, from closer to 14 a year earlier, and have since more than doubled. But it has taken over a decade of low bond yields and at least five years of zero-interest rate policy by the European Central Bank for this to happen. Multiples on the S&P doubled in far less time. 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 12,838.66 up with +0.0047% percent or +0.60 point.the FTSE 100 closed at 6,104.88  with a loss of –0.31% percent or –18.94  point. France’s CAC  40 closed at 4,939.62  with a loss of –0.34% percent or –16.81  point.

WORLD MARKETS

For the day the Dow is trading at 26,584.77 up with +0.43% percent or +114.88 point. The S&P 500 is trading at 3,239.41 up with +0.74% percent or +23.78 point. The Nasdaq Composite is trading at 10,536.27 up with +1.67% percent or +173.09 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,657.38 with a loss of –0.26% percent or –58.47 point. Hong Kong’s Hang Seng is trading at 24,721.30 up with +0.48% percent or +118.04  point. China’s Shanghai  Composite is trading at 3,228.48 up with +0.73% percent or +23.25 point. India’s BSE Sensex is trading at 38,266.52 up with +0.87% percent or +331.79  point at 12:15 PM.