The DAX Futures is trading at 15,051.50 with a loss of -0.33% or -50.10 point.The FTSE 100 Futures is trading at 6,892.00 with a loss of -0.29% percent or -20.00 point. The CAC 40 Futures is trading at 6,253.00 with a loss of -1.89% percent or -120.50 point. The EURO Stoxx 50 Futures trading at 3,908.00 with a loss of -0.36% percent or -14.00point.
TODAY’S FACTORS AND EVENTS
Germany’s consumer price inflation rate increased to 2.0 percent year-on-year in April 2021, in line with preliminary estimates and after an 1.7 percent gain in March. It was the highest inflation since April 2019, 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. Goods prices rose at a faster pace (2.6 percent vs 1.9 percent in March), boosted by a jump in energy cost (7.9 percent vs 4.8 percent) and a higher increase in food prices (1.9 percent vs 1.6 percent). Meanwhile, services inflation came at 1.6 percent, unchanged from the previous month, with rent prices increasing 1.3 percent. On a monthly basis, consumer prices were up 0.7 percent in April, also matching early estimates
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,119.75 with a loss of – percent or ?280.66 point.the FTSE 100 closed at 6,947.99 with a loss of –percent or ?175.69 point. France’s CAC 40 closed at 6,267.39 with a loss of –percent or ?118.60 point.
WORLD MARKETS
For the day the Dow is trading at 34,269.16 with a loss of –percent or ?473.66 point. The S&P 500 is trading at 4,152.10 with a loss of – percent or –36.33 point. The Nasdaq Composite is trading at 13,389.43 with a loss of percent or ?12.43 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,183.33 with a loss of – percent or?424.19 point. Hong Kong’s Hang Seng is trading at 28,058.18 up with + percent or +44.37 point. China’s Shanghai Composite is trading at 3,453.63 up with + percent or +11.79 point. India’s BSE Sensex is trading at 48,743.92 with a loss of – percent or ?417.89 point at 12:15 PM.