The DAX Futures is trading at 13,465.50 with a loss of -0.98% or -133.20 point. The FTSE 100 Futures is trading at 6,393.80 with a loss of -1.32% percent or -85.20 point. The CAC 40 Futures is trading at 5,504.50 up with +0.86% percent or +47.00 point. The EURO Stoxx 50 Futures trading at 3,500.00 with a loss of -1.35% percent or -48.00 point.
TODAY’S FACTORS AND EVENTS
Consumer prices in Germany increased 1 percent year-on-year in January of 2021, the first rise in seven months and above market forecasts of 0.7 percent, preliminary estimates showed. The temporary reduction in the VAT rate aimed to revive the economy during the coronavirus crisis ended on December 31st. Higher CO2 prices and an increase in minimum wages from January also accounted for the CPI rise. On a monthly basis, inflation increased to 0.8 percent from 0.5 percent, above forecasts of 0.4 percent. The harmonized index went up 1.6 percent year-on-year and 1.4 percent month-over-month.
For the day Germany’s DAX closed at 13,665.93 up with +percent or +45.47 point.the FTSE 100 closed at 6,526.15 with a loss of -0.63%percent or – 41.22 point. France’s CAC 40 closed at 5,510.52 up with +0.93%percent or +50.90 point.
For the day the Dow is trading at 30,603.36 up with +0.99%percent or +300.19 point. The S&P 500 is trading at 3,787.38 up with +0.98% percent or +36.61 point. The Nasdaq Composite is trading at 13,337.16 up with +0.50% percent or +66.56 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 27,700.50 with a loss of -1.76%percent or -496.92 point. Hong Kong’s Hang Seng is trading at 28,489.07 with a loss of -0.22% percent or -61.70 point. China’s Shanghai Composite is trading at 3,482.34 with a loss of -0.65% percent or -22.84 point. India’s BSE Sensex is trading at 46,996.86 with +0.26%percent or +122.50 point at 12:15 PM.