Dax Futures Update : 30 July 2021
The DAX Futures is trading at 15,514.00 with a loss of -0.57% or -89.50 point.The FTSE 100 Futures is trading at 6,964.00 with a loss of -0.62% percent or -43.50 point. The CAC 40 Futures is trading at 6,623.00 up with +0.26% percent or +17.00 point. The EURO Stoxx 50 Futures trading at 4,084.00 with a loss of -0.71% percent or -29.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s consumer price inflation rate is expected to pick up to 3.8 percent year-on-year in July of 2021, the highest since December 1993 and above market expectations of 3.3 percent, a preliminary estimate showed. The spike in inflation is mainly attributed to the value added tax effect, after the government cut the tax temporarily in the second half of 2020 as part of pandemic-related economic support. German central bank chief Jens Weidmann last week voiced concern that the ECB might keep interest rates low for too long, noting that his experts saw German inflation approaching 5% later this year. Goods inflation advanced to 5.4 percent in July from 3.1 percent, amid faster increases in both energy cost (11.6 percent vs 9.4 percent) and food prices (4.3 percent vs 1.2 percent). Also, services inflation is likely to accelerate to 2.2 percent from 1.6 percent. On a monthly basis, consumer prices are expected to advance 0.9 percent, also below forecasts of a 0.5 percent gain.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,640.47 up with + percent or +70.11 point.the FTSE 100 closed at 7,078.42 up with percent or +61.79 point. France’s CAC 40 closed at 6,633.77 up with + percent or +24.46 point.
WORLD MARKETS
For the day the Dow is trading at 35,084.53 with % percent or +153.60 point. The S&P 500 is trading at 4,419.15 up with percent or +18.51 point. The Nasdaq Composite is trading at 14,778.26 up with + percent or +15.68 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,345.79 with a loss of – percent or ?468.77 point. Hong Kong’s Hang Seng is trading at 25,814.35 with a loss of – percent or –500.97 point. China’s Shanghai Composite is trading at 3,393.98 with a loss of percent or ?18.28 point. India’s BSE Sensex is trading at 52,734.13 up with + percent or +81.06 point at 12:15 PM.