The DAX Futures is trading at 15,625.50 with a loss of -0.08% or -12.40 point.The FTSE 100 Futures is trading at 7,058.00 up with -0.15% percent or -10.50 point. The CAC 40 Futures is trading at 6,499.00 with a loss of -0.20% percent or -13.00 point. The EURO Stoxx 50 Futures trading at 4,077.00 with a loss of -0.22% percent or –9.00 point.
TODAY’S FACTORS AND EVENTS
The IHS Markit Composite PMI for Germany was unrevised at 56.2 in May of 2021, above 55.8 in April, with services rebounding (52.8 vs 49.9 in April) and manufacturing (64.4 vs 66.2) remaining at strong levels. Overall new business registered the steepest rise since December 2017. Again, manufacturing continued to see the stronger demand conditions, but it was a return to growth in services new business that underpinned the improved performance. The rate of private sector job creation was at a 31-month high and backlogs of work rose at the second-fastest rate since this series began in September 2002. Turning to prices, the rate of inflation of average charges for goods and service reached a record high in May amid unprecedented business cost pressures. Expectations towards the year-ahead outlook for activity edged higher and were just below March’s series high. There was a slight convergence at the sector level, though manufacturers remained by far the more optimistic.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,632.67 up with percent or +113.25 point.the FTSE 100 closed at 7,064.35 with a loss of percent or ?43.65 point. France’s CAC 40 closed at 6,507.92 with a loss of –percent or ?13.60 point.
WORLD MARKETS
For the day the Dow is trading at 34,577.04 with a loss of –percent or ?23.34 point. The S&P 500 is trading at 4,192.85 with a loss of – percent or ?15.27 point. The Nasdaq Composite is trading at 13,614.51 with a loss of – percent or ?141.82 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 28,941.52 with a loss of – percent or –116.59 point. Hong Kong’s Hang Seng is trading at 28,841.74 with a loss of – percent or –124.29 point. China’s Shanghai Composite is trading at 3,582.40 with a loss of – percent or –1.81 point. India’s BSE Sensex is trading at 52,150.49 with a loss of –percent or ?81.94 point at 12:15 PM.