The DAX Futures is trading at 15,646.00  with a loss of -0.33% or -52.50 point. The FTSE 100 Futures is trading at 7,053.80 with a loss of  -0.36% percent or -25.20 point. The CAC 40 Futures is trading at 6,534.50 up with +0.46% percent or +30.00 point. The EURO Stoxx 50 Futures trading at 4,058.00 with a loss of -0.16% percent or -6.00 point.

TODAY’S FACTORS AND EVENTS

Germany’s industrial output dropped by 0.3 percent for a second consecutive month in May 2021, missing market expectations of a 0.5 percent growth mostly due to semiconductor delivery problems. The biggest drag was the production of capital goods (-3.4 percent) with car manufacturing slumping 7.2 percent followed by energy (-2.1 percent). By contrast, there were increases in the production of consumer goods (4.1 percent), intermediate goods (0.6 percent), and construction (1.3 percent). On a yearly basis, industrial output grew by 17.3 percent in May, following a record 27.6 percent jump in April, due to the low base effect and as the economy consolidated its recovery from the pandemic hit. Compared with February 2020, the month before restrictions were imposed due to the coronavirus outbreak, production in May 2021 was 5 percent lower.

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 15,692.71 up with +1.17% percent or +181.33 point.the FTSE 100 closed at 7,151.02 up with +0.71% percent or +50.14 point. France’s CAC  40 closed at 6,527.72 up with +0.31% percent or +20.24 point.

WORLD MARKETS

For the day the Dow is trading at 15,692.71 up with +1.17% percent or +1.17% point. The S&P 500 is trading at 4,358.13 up with 0.34% percent or +14.59 point. The Nasdaq Composite is trading at 14,665.06 up with +0.0097% percent or +1.42 point.

In other parts of world, Japan’s Nikkei 225 is trading at 28,181.69 with a loss of –0.65% percent or –185.26 point. Hong Kong’s Hang Seng is trading at 27,291.76 with a loss of –2.39% percent or –668.86 point. China’s Shanghai  Composite is trading at 3,526.01 with a loss of –0.78% percent or –27.71 point. India’s BSE Sensex is trading at 52,929.37  with  a loss of –0.24% percent or –125.39 point at 12:15 PM.