The DAX Futures is trading at 11,373.00 with a loss of-1.76% or -203.80 point.The FTSE 100 Futures is trading at 5,490.80 with a loss of -1.31% percent or -73.00 point. The CAC 40 Futures is trading at 4,494.20 with a loss of -1.44% percent or -65.80 point. The EURO Stoxx 50 Futures trading at 2,905.00 with loss of -1.46% percent or -43.00 point.
TODAY’S FACTORS AND EVENTS
Retail sales in Germany shrank 2.2 percent month-over-month in September of 2020, following a downwardly revised 1.8 percent rise in August and much worse than market expectations of a 0.8 percent decline. Year-on-year, retail sales jumped 6.5 percent, compared to forecasts of 6.6 percent. Sales increased for food, beverages and tobacco (6.8 percent), supermarkets, self-service department shops and hypermarkets (7 percent), non-food (6.5 percent), namely internet and mail order business (21.2 percent), furniture, household appliances and building materials (11.1 percent). In contrast, trade in textiles, clothing, shoes and leather goods as well as the retail trade in department stores did not yet return to the previous year’s level (-7.3 percent). Sales were 2.8 percent higher than in February, before the pandemic.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 11,598.07 up with +percent or +37.56 point.the FTSE 100 closed at 5,581.75 with a loss of – percent or –1.05 point. France’s CAC 40 closed at 4,569.67 with a loss of – percent or -1.45 point.
WORLD MARKETS
For the day the Dow is trading at 26,659.11 up with +percent or +139.16 point. The S&P 500 is trading at 3,310.11 up with + percent or +39.08 point. The Nasdaq Composite is trading at 11,185.59 up with + percent or +180.72 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,977.13 with a loss of –percent or –354.81 point. Hong Kong’s Hang Seng is trading at 24,115.91 with a loss of –percent or –470.69 point. China’s Shanghai Composite is trading at 3,224.53 with a loss of – percent or ?48.19 point. India’s BSE Sensex is trading at 39,397.12 with a loss of –percent or –352.73 point at 12:15 PM.