The DAX Futures is trading at 13,016.20 with a loss of -0.05% or -7.00 point.The FTSE 100 Futures is trading at 5,811.80 with a loss of -0.58% percent or -33.70 point. The CAC 40 Futures is trading at 4,982.50 with a loss of -0.45% percent or -22.50 point. The EURO Stoxx 50 Futures trading at 3,296.00 up with +0.09% percent or +3.00 point.
TODAY’S FACTORS AND EVENTS
German new manufacturing orders increased 2.8 percent month-over-month in July 2020, the least since April, after an upwardly revised 28.8 percent gain in the previous month, and below market forecasts of a 5 percent rise. However, factory orders in July were 8.2 percent lower than in February, the month before restrictions were imposed. Foreign orders rose 14.4 percent, due to higher demand from both the Euro Area (7.3 percent) and other countries (19.2 percent). Meanwhile, domestic orders fell 10.2 percent. By category, demand was higher for both intermediate (9.5 percent) and consumer goods (0.2 percent), while demand of capital goods declined (-0.4 percent). In addition, new orders in the automotive industry increased by 8.5 percent, but were still 2.4 percent lower than in February. Year-on-year, factory orders dropped 7.3 percent
For the day Germany’s DAX closed at 13,057.77 with a loss of -1.40% percent or ?185.66 point.the FTSE 100 closed at 5,850.86 with a loss of –1.52% percent or –90.09 point. France’s CAC 40 closed at 5,009.52 with a loss of –0.44% percent or –22.22 point.
For the day the Dow is trading at 28,292.73 with a loss of -2.78% percent or -807.77 point. The S&P 500 is trading at 3,455.06 with a loss of –3.51% percent or -125.78 point. The Nasdaq Composite is trading at 11,458.10 with a loss of -4.96% percent or – 598.34 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,205.43 with a loss of –1.11% percent or –260.10 point. Hong Kong’s Hang Seng is trading at 24,605.70 with a loss of –1.61% percent or –401.90 point. China’s Shanghai Composite is trading at 3,355.37 with a loss of –0.87% percent or –29.61 point. India’s BSE Sensex is trading at 38,503.48 with a loss of –1.25% percent or –487.46 point at 12:15 PM.