The DAX Futures is trading at 13,387.00 with a loss of -0.98% or -133.00 point.The FTSE 100 Futures is trading at 6,421.80 with a loss of -1.56% percent or -101.70 point. The CAC 40 Futures is trading at 5,408.20 with a loss of -0.90% percent or –49.30 point. The EURO Stoxx 50 Futures trading at 3,485.00 with a loss of -0.66% percent or -23.00 point.
TODAY’S FACTORS AND EVENTS
The GfK Consumer Climate Indicator in Germany dropped to an eight-month low of -15.6 heading into February 2021, from a revised -7.5 in the prior month and far below market consensus of -7.9, as sentiment was hit by extension the hard lockdown measures to curb the rapid spread of coronavirus. The income expectations sub-index declined 6.5 points to -2.9, while the gauge for economic outlook fell 3.1 points to 1.3 and the willingness to buy indicator plunged 36.6 points to zero. ” Consumer sentiment is facing difficult challenges in the first quarter of this year. If it is to recover sustainably, infection rates will need to decrease more than they have to date so that the measures can be relaxed significantly. This means that we will need to wait a while before we see the recovery that many had been hoping for this year, ” GfK consumer expert Rolf Buerkl said.
For the day Germany’s DAX closed at 13,364.76 with a loss of –percent or –255.70 point.the FTSE 100 closed at 6,466.36 with a loss of –percent or –101.01 point. France’s CAC 40 closed at 5,402.31 with a loss of –percent or ?57.31 point.
For the day the Dow is trading at 30,303.17 with a loss of –percent or -633.87 point. The S&P 500 is trading at 3,750.77 with a loss of – percent or –98.85 point. The Nasdaq Composite is trading at 13,270.60 with a loss of – percent or ?355.47 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,197.42 with a loss of –percent or ?437.79 point. Hong Kong’s Hang Seng is trading at 28,550.77 with a loss of – percent or –746.76 point. China’s Shanghai Composite is trading at 3,505.18 with a loss of – percent or –68.17 point. India’s BSE Sensex is trading at 46,682.98 with a loss of –percent or –726.95 point at 12:15 PM.