The DAX Futures is trading at 13,211.00 up with +1.09%or +142.10 point.The FTSE 100 Futures is trading at 6,148.50 up with +0.76% percent or +46.50 point.The CAC 40 Futures is trading at 5,059.80 up with +1.14% percent or +56.80 point.The EURO Stoxx 50 Futures trading at 3,368.00 up with +1.20% percent or +40.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s economy shrank by 9.7 percent on quarter in the June quarter, compared to a preliminary reading of a 10.1 percent plunge and after a 2 percent fall in the previous period. This was the deepest quarterly GDP contraction on record, as efforts to contain the rapid spread of COVID-19 weighed oon activity and demand. A plunge was reported for household consumption (-10.9 percent vs -2.5 percent in Q1), capital formation in machinery and equipment (-19.6 percent vs -7.3 percent) as well as exports (-20.3 percent vs -3.3 percent) and imports (-16 percent vs -1.9 percent). Meantime, government spending rose faster (1.5 percent vs 0.6 percent), amid efforts to support the economy amid the virus shock. On a calendar-adjusted basis, the economy contracted 11.3 percent, also the steepest decline on record
For the day Germany’s DAX closed at 13,164.85 up with 0.75% percent or +98.31 point.the FTSE 100 closed at 6,163.40 up with 0.96% percent or +58.67 point. France’s CAC 40 closed at 5,032.63 up with +0.49% percent or +24.74 point.
For the day the Dow is trading at 28,308.46 up with 1.35% percent or +378.13 point. The S&P 500 is trading at 3,431.28 up with +1.00% percent or +34.12 point. The Nasdaq Composite is trading at 11,379.72 up with +0.60% percent or +67.92 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,296.77 up with +1.35% percent or +311.26 point. Hong Kong’s Hang Seng is trading at 25,489.74 with a loss of –0.24% percent or –61.84 point. China’s Shanghai Composite is trading at 3,373.58 with a loss of –0.36% percent or –12.06 point. India’s BSE Sensex is trading at 38,861.51 up with +0.16% percent or +62.43 point at 12:15 PM.