The DAX Futures is trading at 13,990.00 with +0.19% or +27.20 point.The FTSE 100 Futures is trading at 6,581.20 with a loss of -0.77% percent or -51.30 point. The CAC 40 Futures is trading at 5,785.50 with a loss of -0.72% percent or -42.00 point. The EURO Stoxx 50 Futures trading at 3,678.00 with a loss of -0.68% percent or –25.00 point.
TODAY’S FACTORS AND EVENTS
The IHS Markit Germany Construction PMI fell to 41 in February of 2021 from 46.6 in January, pointing to the biggest contraction in the construction sector since May, as severe bad weather caused widespread disruption to work on sites. At the same time, building companies faced growing pressure on margins from rising input costs, stemming partly from bottlenecks in supply chains. The impact was seen across all broad categories of construction. Housing activity fell markedly, ending a seven-month sequence of growth. Work on commercial building projects meanwhile contracted at the quickest rate since last September. But the worst performance was seen in civil engineering activity which contracted at one of the fastest rates on record. Looking ahead, constructors retained a negative outlook for activity over the next 12 months, citing concerns over squeezed client budgets.
For the day Germany’s DAX closed at 14,056.34 with a loss of -0.17%percent or -23.69 point.the FTSE 100 closed at 6,650.88 with a loss of -0.37%percent or -24.59 point. France’s CAC 40 closed at 5,830.65 up with +0.010%percent or +0.59 point.
For the day the Dow is trading at 30,924.14 with a loss of -1.11%percent or -345.95 point. The S&P 500 is trading at 3,768.47 with a loss of -1.34% percent or -51.25 point. The Nasdaq Composite is trading at 12,723.47 with a loss of -2.11% percent or ?274.28 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,764.27 with a loss of -0.57%percent or -165.84 point. Hong Kong’s Hang Seng is trading at 29,321.91 up with +0.29%percent or +85.12 point. China’s Shanghai Composite is trading at 3,520.88 up with +0.50% percent or +17.39 point. India’s BSE Sensex is trading at 50,744.79 with a loss of -0.20% percent or -101.29 point at 12:15 PM.