The DAX Futures is trading at 12,602.50 with a loss of -0.43% or -54.40 point.The FTSE 100 Futures is trading at 5,999.80 with a loss of -0.03% percent or -1.70  point. The CAC 40 Futures is trading at 4,882.00 with 0.00% percent or 0.00 point.  The EURO Stoxx 50 Futures trading at 12,602.50 with a loss of -0.43% percent or -54.40 point.

TODAY’S FACTORS AND EVENTS

Global markets were generally quiet in typical summer doldrums mood with stock index futures nearly flat while most of the currencies were moribund as well with the exception of the pound which rose more than 50 pips in the wake of hawkish BoE meeting.

The Bank of England held rates steady at zero and did not increase QE noting that some high-frequency data has shown a strong rebound including spending and the housing market. While BoE acknowledged that business investment remains lackluster and bankruptcies may yet increase in the wake of COVID impact, the MPC refrained from suggesting that negative rates may be coming and left policy unchanged for now.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 12,591.68 with a loss of -0.54% percent or –68.57  point.the FTSE 100 closed at 6,026.94 with a loss of –1.27% percent or –77.78  point. France’s CAC  40 closed at 4,885.13 with a loss of –0.98% percent or –48.21  point.

WORLD MARKETS

For the day the Dow is trading at 27,386.98 up with +0.68% percent or +185.46 point. The S&P 500 is trading at 3,349.16 up with +0.64% percent or +21.39 point. The Nasdaq Composite is trading at 11,108.07 up with +1.00% percent or +109.67 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,329.94 with a loss of –0.39% percent or –88.21 point. Hong Kong’s Hang Seng is trading at 24,498.49 with a loss of –1.73% percent or –432.09 point. China’s Shanghai  Composite is trading at 3,357.69 with a loss of –0.85% percent or ?28.78 point. India’s BSE Sensex is trading at 37,985.50 with a loss of –0.11% percent or 39.95  point at 12:15 PM.