The DAX Futures is trading at 13,886.00 up with +0.05% or +7.30 point.The FTSE 100 Futures is trading at 6,498.80 up with +0.42% percent or +27.30 point. The CAC 40 Futures is trading at 5,585.00 with +2.31% percent or +126.00 point. The EURO Stoxx 50 Futures trading at 3,600.00 up with +0.53% percent or +19.00 point.
TODAY’S FACTORS AND EVENTS
The IHS Markit/BME Germany Manufacturing PMI was revised slightly higher to 57.1 in January of 2021 from a preliminary of 57 but below 58.3 reported in December. Still, the reading pointed to robust growth in factory activity, amid further gains in output and new orders. The rate of factory job shedding slowed as goods producers reported record optimism towards the future activity. However, a growing incidence of supply chain bottlenecks linked to shortages of inputs and a lack of available shipping containers contributed to a spike in input cost inflation and lower inventories at manufacturers. The degree of optimism shown by manufacturers towards production levels in a year’s time strengthened to a series record high in January. Many firms were hopeful of a further recovery in demand and client investment once the coronavirus disease 2019 (COVID-19) vaccine rollouts were well underway.
For the day Germany’s DAX closed at 13,835.16 up with +1.56% percent or +213.14 point.the FTSE 100 closed at 6,516.65 up with +0.78%percent or +50.23 point. France’s CAC 40 closed at 5,563.11 up with +1.86%percent or +101.43 point.
For the day the Dow is trading at 30,687.48 up with +1.57%percent or +475.57 point. The S&P 500 is trading at 3,826.31 up with +1.39% percent or +52.45 point. The Nasdaq Composite is trading at 13,612.78 up with +1.56% percent or +209.38 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,646.50 up with +1.00%percent or +284.33 point. Hong Kong’s Hang Seng is trading at 29,220.70 with a loss of -0.096% percent or ?28.00 point. China’s Shanghai Composite is trading at 3,525.91 with a loss of -0.22% percent or -7.78 point. India’s BSE Sensex is trading at 50,295.91 up with +1.00%percent or +498.19 point at 12:15 PM.