The DAX Futures is trading at 15,687.50 with a loss of -0.15% or -23.50 point.The FTSE 100 Futures is trading at 7,073.80 with a loss of -1.09% percent or -77.70 point. The CAC 40 Futures is trading at 6,661.00 with +0.12% percent or +8.00 point. The EURO Stoxx 50 Futures trading at 4,140.00 with -0.43% percent or -18.00 point.
TODAY’S FACTORS AND EVENTS
Producer prices in Germany increased 7.2 percent year-on-year in May of 2021, the strongest growth since October of 2008, when prices rose strongly before the finance crisis, and above market expectations of 6.4 percent. Main upward pressure came from cost of intermediate products (10.7 percent), namely secondary raw material (69.9 percent), sawn and planed wood (38.4 percent) and metals (23.1 percent); and of energy (14.9 percent), namely natural gas (25.5 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 1.7 percent and capital goods, such as machines and vehicles, by 1.2 percent. On the other hand, prices of non-durable consumer goods rose by 0.5 percent, with food increasing 0.3 percent, mainly due to vegetables oils and butter. On a monthly basis, producer prices advanced 1.5 percent, the most since July 2008, and beating market forecasts of a 0.7 percent rise.
For the day Germany’s DAX closed at 15,727.67 with + percent or +17.10 point.the FTSE 100 closed at 7,153.43 with a loss of –percent or ?31.52 point. France’s CAC 40 closed at 6,666.26 with + percent or +13.61 point.
For the day the Dow is trading at 33,823.45 with a loss of –percent or –210.22 point. The S&P 500 is trading at 4,221.86 with a loss of – percent or –1.84 point. The Nasdaq Composite is trading at 14,161.35 up with percent or +121.67 point.
In other parts of world, Japan’s Nikkei 225 is trading at 28,992.35 with a loss of – percent or ?25.98 point. Hong Kong’s Hang Seng is trading at 28,760.99 up with + percent or +202.40 point. China’s Shanghai Composite is trading at 3,529.88 with percent or +4.27 point. India’s BSE Sensex is trading at 51,902.00 with percent or ?421.33 point at 12:15 PM