The DAX Futures is trading at 14,550.00 up with +0.02% or +3.50 point.The FTSE 100 Futures is trading at 6,712.00 with a loss of -0.22% percent or -14.50 point. The CAC 40 Futures is trading at 6,026.50 with a loss of -0.11% percent or -6.50 point. The EURO Stoxx 50 Futures trading at 3,839.00 with a loss of -0.13% percent or -5.00 point.
TODAY’S FACTORS AND EVENTS
Annual inflation rate in Germany accelerated to 1.3% in February of 2021, the highest rate since March 2020 and in line with preliminary estimates. After the temporary VAT cut ended on December 31st 2020, the inflation rate reached its pre-coronavirus crisis level for the second month in a row. Prices of goods were up 1%, namely motor fuels (2.4%); natural gas (2.1%); and heating oil (1.1%). This was due not only to the CO2 charge introduced at the beginning of the year but also the price increase recorded on the crude oil market. Food prices rose by 1.4%, mainly due to confectionery and dairy products (+2.7% each). Marked price rises were also observed for tobacco (+3.9%) while notable decreases were recorded for mobile phones (-9.2%). Cost of services was up 1.4%, with main increases seen at net rents exclusive of heating expenses (1.3%), services of social facilities (+6.5%) and financial services (+6.2%).
For the day Germany’s DAX closed at 14,569.39 up with + percent or +29.14 point.the FTSE 100 closed at 6,736.96 up with +percent or +11.36 point. France’s CAC 40 closed at 6,033.76 up with +percent or +43.21 point.
For the day the Dow is trading at 32,485.59 up with +percent or +188.57 point. The S&P 500 is trading at 3,939.34 up with + percent or +40.53 point. The Nasdaq Composite is trading at 13,398.67 up with + percent or +329.84 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 29,717.83 up with +percent or +506.19 point. Hong Kong’s Hang Seng is trading at 29,000.82 with a loss of – percent or –384.79 point. China’s Shanghai Composite is trading at 3,453.08 up with + percent or +16.25 point. India’s BSE Sensex is trading at 51,425.14 up with percent or +145.63 point at 12:15 PM.