The DAX Futures is trading at 15,578.50 up with +0.05% or +7.40 point.The FTSE 100 Futures is trading at 7,061.50 up with +0.23% percent or +16.00 point. The CAC 40 Futures is trading at 6,387.00 with a loss of -0.13% percent or -8.20 point. The EURO Stoxx 50 Futures trading at 4,056.00 up with +0.32% percent or +13.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s economy shrank 1.8 percent on quarter in the three months to March 2021, slightly worse than a preliminary estimate of 1.7 percent fall and following a 0.5 percent growth in the previous period. Europe’s largest economy slipped back into contraction after a partial recovery in the second half of 2020, due to restrictions imposed to contain the coronavirus pandemic. Household consumption fell by 5.4 percent and investment in machinery and equipment was down 0.2 percent. In addition, net external demand contributed negatively to the GDP as imports rose 3.8 percent and imports increased at a softer 1.8 percent. Meanwhile, gross fixed capital formation in construction grew by 1.1 percent and government spending was 0.2 percent higher. Compared with the fourth quarter of 2019, the quarter before the coronavirus crisis hit the economy, GDP was 5.0 percent lower.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,437.51 up with + percent or +67.25 point.the FTSE 100 closed at 7,051.59 up with +percent or +33.54 point. France’s CAC 40 closed at 6,408.49 up with +percent or +22.08 point.
WORLD MARKETS
For the day the Dow is trading at 34,393.98 up with +percent or +186.14 point. The S&P 500 is trading at 4,197.05 with + percent or +41.19 point. The Nasdaq Composite is trading at 13,661.17 up with + percent or +190.18 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,524.67 up with + percent or +160.06 point. Hong Kong’s Hang Seng is trading at 28,859.18 up with + percent or +446.92 point. China’s Shanghai Composite is trading at 3,577.05 up with + percent or +79.76 point. India’s BSE Sensex is trading at 50,799.65 up with +percent or +147.75 point at 12:15 PM.