The DAX Futures is trading at 12,784.80 up with +0.59% or +75.10 point.The FTSE 100 Futures is trading at 5,888.80 up with +0.27% percent or +15.80 point. The CAC 40 Futures is trading at 4,955.00 up with +0.61% percent or +30.00 point. The EURO Stoxx 50 Futures trading at 3,240.00 with +0.43% percent or +14.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s producer prices decreased by 1.0% year-on-year in September 2020, the eighth consecutive month of decline and compared to market forecasts of a 1.4% drop. This was the smallest drop since March, as energy prices dropped less (-3.3% vs -3.9% in August), led by lower cost for petroleum products (-17.9%) and natural gas distribution (-8.2%), while prices of intermediate goods decreased 1.3% due mainly to secondary raw materials (-14.5%) as well as basic iron, steel and ferro-alloys (-8.3%), paper and paperboard (-6.5%) and basic chemicals (-6.0%). Also, non-durable consumer goods edged down 0.1%, dragged down by pork cost (-16.3%), while prices of sugar increased 19.6%. Meantime, there were increases in prices of both capital goods (0.9%) and durables consumer goods (1.4%). Excluding energy, producer prices fell 0.2% in September, after declining 0.4% in August. On a monthly basis, producer prices unexpectedly rose 0.4%, missing market expectations of a 0.1% decline.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 12,736.95 with a loss of –percent or ?117.71 point.the FTSE 100 closed at 5,889.22 up with + percent or +4.57 point. France’s CAC 40 closed at 4,929.28 with a loss of – percent or -13.34 point.
WORLD MARKETS
For the day the Dow is trading at 28,308.79 up with +percent or +113.37 point. The S&P 500 is trading at 3,443.12 with + percent or +16.20 point. The Nasdaq Composite is trading at 11,516.49 up with percent or +37.61 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 23,639.46 up with + percent or +72.42 point. Hong Kong’s Hang Seng is trading at 24,817.59 up with +percent or +248.05 point. China’s Shanghai Composite is trading at 3,325.02 with a loss of – percent or –3.08 point. India’s BSE Sensex is trading at 40,936.67 up with +percent or +392.30 point at 12:15 PM.