The DAX Futures is trading at 13,078.00 with a loss of -0.02% or -2.00 point. The FTSE 100 Futures is trading at 6,332.20 up with +0.13% percent or +8.20 point. The CAC 40 Futures is trading at 5,489.00 with a loss of -0.41% percent or -22.50 point. The EURO Stoxx 50 Futures trading at 3,450.00 up with +0.03% percent or +1.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s producer prices decreased by 0.7% year-on-year in October 2020, the ninth consecutive month of decline and in line with market forecasts. This was the smallest drop since February, as energy prices dropped less (-2.9% vs -3.3% in September), led by lower cost for petroleum products (-16.0%) and natural gas distribution (-5.2%), while prices of intermediate goods decreased 0.4% due mainly to news print (-11.0%) and basic chemicals (-5.9%) as well as basic iron, steel and ferro-alloys (-5.8%), paper and paperboard (-5.8%). Also, non-durable consumer goods fell 0.5%, dragged down by pork cost (-19.5%), while prices of sugar increased 14.6%. Meantime, there were increases in prices of both capital goods (0.9%) and durables consumer goods (1.4%). Excluding energy, producer prices edged up 0.1% in September, after declining 0.2% in September.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 13,086.16 with a loss of –percent or -115.73 point.the FTSE 100 closed at 6,334.35 with a loss of – percent or ?50.89 point. France’s CAC 40 closed at 5,474.66 with a loss of percent or ?36.79 point.
WORLD MARKETS
For the day the Dow is trading at 29,483.23 up with +percent or +44.81 point. The S&P 500 is trading at 3,581.87 with + percent or +14.08 point. The Nasdaq Composite is trading at 11,904.71 up with + percent or +103.11 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 25,527.37 with a loss of –percent or –106.97 point. Hong Kong’s Hang Seng is trading at 26,427.92 up with +percent or +70.95 point. China’s Shanghai Composite is trading at 3,377.73 with + percent or +14.64 point. India’s BSE Sensex is trading at 43,576.61 with a loss of –percent or ?23.35 point at 12:15 PM.