The DAX Futures is trading at 13,587.50  with a loss of  -0.92% or -126.20 point.The FTSE 100 Futures is trading at 6,585.00 up with -0.07% percent or -4.50 point. The CAC 40 Futures is trading at 5,498.00 with a loss of -1.04% percent or -57.50 point.  The EURO Stoxx 50 Futures trading at 3,526.00 up with -0.40% percent or -14.00 point.

TODAY’S FACTORS AND EVENTS

The Ifo Business Climate indicator for Germany fell to 90.1 in January of 2021 from an upwardly revised 92.2 in the previous month, below market forecasts of 91.8. It is the lowest reading in seven months as companies became less optimistic about current conditions (89.2 vs 91.3) and expectations (91.1 vs 93). Many service providers were affected by lockdown, including transport and logistics and retail has collapsed while industry continues to be well positioned, Ifo economist Wohlrabe said. Economic uncertainty has grown and the German GDP is expected to stagnate in Q1

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 13,643.95 with a loss of -1.66% percent or -230.02 point.the FTSE 100 closed at 6,638.85 with a loss of -0.84% percent or -56.22 point. France’s CAC  40 closed at 5,472.36 with a loss of -1.57% percent or  ?87.21 point.

WORLD MARKETS

For the day the Dow is trading at 30,960.00 with a loss of -0.12% percent or  -36.98 point. The S&P 500 is trading at 3,855.36 with 0.36% percent or +13.89 point. The Nasdaq Composite is trading at 13,635.99 up with +0.69% percent or +92.93  point.

In other parts of world, Japan’s Nikkei 225 is trading at at 28,546.18  with a loss of -0.96% percent or ?276.11 point. Hong Kong’s Hang Seng is trading at 29,411.64 with a loss of -2.48%percent or ?747.37 point. China’s Shanghai  Composite is trading at 3,569.43 with a loss of -1.51% percent or ?54.81 point. India’s BSE Sensex is trading at 48,347.59 with a loss of -1.09% percent or -530.95 point at 12:15 PM.