The DAX Futures is trading at 12,995.80 with a loss of -0.81% or -105.70 point. The FTSE 100 Futures is trading at 5,915.00 with a loss of -0.87% percent or -52.00 point. The CAC 40 Futures is trading at 4,931.00 with a loss of -2.15% percent or -108.50 point. The EURO Stoxx 50 Futures trading at 3,244.00 with a loss of -0.73% percent or -24.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s producer prices decreased by 1.2 percent year-on-year in August 2020, the seventh consecutive month of decline and compared to market forecasts of a 1.4 percent drop. Energy prices were down 3.9 percent, led by lower cost for petroleum products (-14.4 percent) and natural gas distribution (-9.9 percent), while prices of intermediate goods decreased 2.0 percent due mainly to secondary raw materials (-16.8 percent) as well as basic iron, steel and ferro-alloys (-8.7 percent) and basic chemicals (-6.4 percent). Meanwhile, there were rises in prices of non-durable consumer goods (0.3 percent) boosted by food cost, capital goods (1.0 percent) and durable consumer goods (1.5 percent). Excluding energy, producer prices fell 0.4 percent in August, the same pace as in July. On a monthly basis, producer prices were unchanged, compared with market expectations of a 0.1 percent decline
For the day Germany’s DAX closed at 13,116.25 with a loss of –percent or –91.87 point.the FTSE 100 closed at 6,007.05 with a loss of – percent or -42.87 point. France’s CAC 40 closed at 4,978.18 with a loss of – percent or –61.32 point.
For the day the Dow is trading at 27,657.42 with a loss of – percent or –244.56 point. The S&P 500 is trading at 3,319.47 with a loss of – percent or –37.54 point. The Nasdaq Composite is trading at 10,793.28 with a loss of percent or –116.99 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,360.30 up with + percent or +40.93 point. Hong Kong’s Hang Seng is trading at 24,070.76 with a loss of – percent or –384.65 point. China’s Shanghai Composite is trading at 3,318.62 with a loss of – percent or –19.47 point. India’s BSE Sensex is trading at 38,857.41 up with percent or +11.59 point at 12:15 PM.