The DAX Futures is trading at 12,363.50 up with +0.76% or +93.20point.The FTSE 100 Futures is trading at 5,881.50 up with +0.46% percent or +27.00 point. The CAC 40 Futures is trading at 4,927.00 up with +0.15% percent or +7.50 point. The EURO Stoxx 50 Futures trading at 3,166.00 with +0.38% percent or +0.57% point.
TODAY’S FACTORS AND EVENTS
New orders for German manufactured goods edged up 0.5% month-over-month in September of 2020, below an upwardly revised 4.9% jump in August and market forecasts of a 2% gain. It is the smallest increase in 5 months as domestic orders increased 2.3% while foreign ones dropped 0.8%, mainly due to a 6% slump to the Euro Area. New orders for intermediate goods went up 4% and those for consumer goods 2.6% but orders for capital goods decreased 2%. Compared to February 2020, before the coronavirus pandemic, new orders were still 2.6 percent lower. Orders for machinery and equipment were still 8.2% below pre-pandemic levels but orders in the automotive industry, the largest manufacturing sector were 5.8% above the pre-crisis level.
For the day Germany’s DAX closed at 12,324.22 up with +percent or +235.24 point.the FTSE 100 closed at 5,883.26 up with + percent or +96.49 point. France’s CAC 40 closed at 4,922.85 with + percent or +117.25 point.
For the day the Dow is trading at 27,847.66 up with +percent or +367.63 point. The S&P 500 is trading at 3,443.44 up with + percent or +74.28 point. The Nasdaq Composite is trading at 11,590.78 up with + percent or +430.21 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 24,105.28 up with +percent or +410.05 point. Hong Kong’s Hang Seng is trading at 25,601.06 with +percent or +714.92 point. China’s Shanghai Composite is trading at 3,320.13 with + percent or +42.69 point. India’s BSE Sensex is trading at 41,269.40 up with +percent or +653.26 point at 12:15 PM.