The DAX Futures is trading at 13,047.00 with a loss of -0.84% or -110.00 point.The FTSE 100 Futures is trading at 5,942.80 with a loss of -0.57% percent or -34.20 point. The CAC 40 Futures is trading at 4,945.50 with a loss of -0.66% percent or -33.00 point. The EURO Stoxx 50 Futures trading at 3,272.00 with a loss of -0.67% percent or -22.00 point.
TODAY’S FACTORS AND EVENTS
Consumer prices in German declined 0.2 percent from a year earlier in September 2020, the largest decrease since January 2015, after a flat reading in the previous month and matching preliminary estimates. Goods prices fell 1.7 percent (vs -1.3 percent in August) led by a decline in energy cost (-7.1 percent vs -6.3 percent) and a slowdown in food inflation (0.6 percent vs 0.7 percent). At the same time, service inflation was steady at 1.0 percent, led by growing rent prices (1.4 percent), The harmonised index of consumer prices were down 0.4 percent from a year earlier and also by 0.4 percent fall from the previous month. The government announced in July a VAT cut until the end of the year as part of a stimulus package to help Europe’s largest economy recover from the coronavirus shock.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 13,064.71 with a loss of –percent or –73.70 point.the FTSE 100 closed at 5,972.15 with a loss of – percent or ?29.23 point. France’s CAC 40 closed at 4,947.28 with a loss of – percent or ?32.01 point.
WORLD MARKETS
For the day the Dow is trading at 28,837.52 with +percent or +250.62 point. The S&P 500 is trading at 3,534.22 up with + percent or +57.09 point. The Nasdaq Composite is trading at 11,876.26 up with + percent or +296.32 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,601.78 up with + percent or +43.09 point. Hong Kong’s Hang Seng is trading at 24,649.68 up with +percent or +530.55 point. China’s Shanghai Composite is trading at 3,359.75 up with + percent or +1.28 point. India’s BSE Sensex is trading at 40,598.80 up with + percent or +5.00 point at 12:15 PM.