The DAX Futures is trading at 15,371.50 up with +0.14% or +22.00 point.The FTSE 100 Futures is trading at 7,018.20 up with +0.19% percent or +13.20 point. The CAC 40 Futures is trading at 6,326.50 with +1.05% percent or +65.50 point. The EURO Stoxx 50 Futures trading at 3,998.00 with +0.33% percent or +13.00 point.
TODAY’S FACTORS AND EVENTS
Producer prices in Germany increased 5.2 percent year-on-year in April of 2021, the biggest gain since September of 2011 and above market expectations of 5.1 percent. Main upward pressure came from cost of intermediate products (8.2 percent), namely secondary raw material (62.7 percent), sawn and planed wood (27.1 percent) and metals (17.3 percent); and of energy (10.6 percent), namely electricity (10.7 percent) and mineral oil products (30.9 percent), after a sharp drop in prices in the spring 2020 when the coronavirus pandemic hit the economy hard. Prices of durable consumer goods increased by 1.6 percent and capital goods, such as machines and vehicles, by 1 percent. On the other hand, prices of non-durable consumer goods decreased by 0.6 percent, with food falling 1.3 percent due to pork. On a monthly basis, producer prices surged 0.8 percent, in line with forecasts.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,370.26 up with + percent or +256.70 point.the FTSE 100 closed at 7,019.79 up with percent or +69.59 point. France’s CAC 40 closed at 6,343.58 up with +percent or +81.03 point.
WORLD MARKETS
For the day the Dow is trading at 34,084.15 up with percent or +188.11 point. The S&P 500 is trading at 4,159.12 up with + percent or +43.44 point. The Nasdaq Composite is trading at 13,535.74 up with + percent or +236.00 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,291.49 up with +percent or +193.24 point. Hong Kong’s Hang Seng is trading at 28,435.27 with a loss of – percent or –15.02 point. China’s Shanghai Composite is trading at 3,491.96 with a loss of – percent or –14.99 point. India’s BSE Sensex is trading at 50,289.90 up with +percent or +725.04 point at 12:15 PM.