The DAX Futures is trading at 13,220.50 with a loss of -0.19% or -25.80 point.The FTSE 100 Futures is trading at 6,032.30 with a loss of -0.10% percent or -6.20  point. The CAC 40 Futures is trading at 5,043.50  with +0.00% percent or +0.00 point.  The EURO Stoxx 50 Futures trading at 3,340.00 with a loss of-0.36% percent or -12.00 point.

TODAY’S FACTORS AND EVENTS

The Ifo Business Climate indicator for Germany rose by 2.2 points from the previous month to 92.6 in August 2020, the highest level since February and slightly above market expectations of 92.2, as firms assessed their current situation as slightly better (87.9 vs 84.5 in July). In addition, the gauuge measuring companies’ expectations for the coming months continued to improve (97.5 vs 96.7) following the easing of the coronavirus-induced restrictions. Sentiment improved among manufacturers (-5.4 vs -12.1), service providers (7.8 vs 2.1), traders (-4.8 vs -5.1) and constructors (0.0 vs -2.5)

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,182.44  with a loss of 0.058% percent or –7.71 point.the FTSE 100 closed at 6,027.93  with a loss of –0.31% percent or –18.54 point. France’s CAC  40 closed at 5,035.71 with a loss of –0.25% percent or –12.72 point.

WORLD MARKETS

For the day the Dow is trading at 28,331.92 up with +0.30% percent or +83.48 point. The S&P 500 is trading at 3,478.73 up with +1.02% percent or +35.11 point. The Nasdaq Composite is trading at 11,665.06 up with +1.73%percent or +198.59 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 23,208.86 with a loss of –0.35% percent or –82.00 point. Hong Kong’s Hang Seng is trading at 25,282.31 with a loss of –0.82% percent or –209.48  point. China’s Shanghai  Composite is trading at 3,350.11 up with +0.61% percent or +20.37  point. India’s BSE Sensex is trading at 39,252.03 up with +0.46% percent or +178.11 point at 12:15 PM.