The DAX Futures is trading at 15,236.50 up with +0.23% or +35.50 point.The FTSE 100 Futures is trading at 6,920.00 with +0.37% percent or +25.50 point. The CAC 40 Futures is trading at 6,131.00 with a loss of -0.87% percent or -54.00 point. The EURO Stoxx 50 Futures trading at 3,931.00 up with +0.08% percent or +3.00 point.
TODAY’S FACTORS AND EVENTS
Consumer prices in Germany increased 1.7 percent year-on-year in March of 2021, in line with preliminary estimates and following a 1.3 percent rise in February. It is the highest inflation rate since February of 2020 as the temporary reduction of the VAT rates ended. Reduced VAT rates came into effect on July 1st 2020 for six months, as part of government measures to support the economy during the pandemic. Higher commodity prices, a CO2 charge introduced at the beginning of the year and a base effect as last year the inflation fell, also contributed to the rise in the CPI. Main increases were seen for energy (4.8 percent), namely heating oil (19.4 percent), motor fuels (12.7 percent), natural gas (2.2 percent), fruit and dairy products (2.5 percent each) and tobacco (4.3 percent). On a monthly basis, consumer prices were up 0.5 percent, also in line with early estimates.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,209.15 with a loss of – percent or –25.21 point. the FTSE 100 closed at 6,939.58 up with +percent or +49.09 point. France’s CAC 40 closed at 6,208.58 up with +percent or +24.48 point.
WORLD MARKETS
For the day the Dow is trading at 33,730.89 up with +percent or +53.62 point. The S&P 500 is trading at 4,124.66 with a loss of – percent or ?16.93 point. The Nasdaq Composite is trading at 13,857.84 with a loss of – percent or -138.26 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 29,642.69 up with +percent or +21.70 point. Hong Kong’s Hang Seng is trading at 28,781.65 with a loss of – percent or –121.91 point. China’s Shanghai Composite is trading at 3,398.99 with a loss of – percent or point. India’s BSE Sensex is trading at 48,295.32 with a loss of – percent or ?248.74 point at 12:15 PM