The DAX Futures is trading at 13,937.00 with a loss of -0.72% or -100.80 point.The FTSE 100 Futures is trading at 6,529.20 with a loss of -0.33% percent or -21.30 point. The CAC 40 Futures is trading at 5,805.00 up with +1.86% percent or +106.00 point. The EURO Stoxx 50 Futures trading at 3,688.00 with a loss of -0.35% percent or -13.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s consumer price inflation rate is expected to pick up to 1.3 percent year-on-year in February 2021, the highest since March 2020 and slightly above market expectations of 1.2 percent, a preliminary estimate showed. Goods prices should advance at a faster pace (1.0 percent vs 0.6 percent in January), boosted by a rebound in energy cost (0.3 percent vs -2.3 percent) and a smaller increase in food prices (1.4 percent vs 2.2 percent). Meanwhile, services inflation is likely to remain steady at 1.4 percent with rent prices rising 1.3 percent, the same as in January. On a monthly basis, consumer prices are expected to climb 0.7 percent in February, compared with a 0.8 percent jump in January.
For the day Germany’s DAX closed at 14,012.82 up with +1.64%percent or +226.53 point. the FTSE 100 closed at 6,588.53 up with 1.62%percent or +105.10 point. France’s CAC 40 closed at5,792.79 up with +1.57%percent or +89.57 point.
For the day the Dow is trading at 31,535.51 up with +1.95%percent or +603.14 point. The S&P 500 is trading at 3,901.82 up with +2.38% percent or +90.67 point. The Nasdaq Composite is trading at 13,588.83 up with +3.01% percent or +396.48 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 29,420.63 with a loss of -0.82%percent or –242.87point. Hong Kong’s Hang Seng is trading at 29,119.40 with a loss of -1.13%percent or ?333.17 point. China’s Shanghai Composite is trading at 3,496.11 with a loss of -1.56% percent or -55.29 point. India’s BSE Sensex is trading at 50,089.05 up with +0.47% percent or +233.66 point at 12:15 PM.