Dax Futures Update : 11 Nov 2021

The DAX Futures is trading at 16,019.00 up with +0.06% or +9.50 point. The FTSE 100 Futures is trading at 7,309.50 with +0.05% percent or +3.50 point. The CAC 40 Futures is trading at 7,015.00 with a loss of -0.37% percent or -26.00 point. The EURO Stoxx 50 Futures trading at 4,326.00 with +0.12% percent or +5.00 point.

 

 

TODAY’S FACTORS AND EVENTS

Annual inflation rate in Germany rose to 4.5% in October of 2021, the highest since August of 1993 and matching preliminary estimates. There are several reasons for the high inflation rate, including base effects due to low prices in 2020, the temporary VAT reduction in the second half of 2020, and crisis-related effects, such as delivery bottlenecks and marked price increases which also reflected in the consumer price index. Energy prices were among the top contributors (18.6%), namely heating oil (+101.1%), motor fuels (+35%), natural gas (+7.4%) and electricity (+2.5%). Food prices were up 4.4%, namely dairy products and eggs (+6%) and bread and cereals (+5%). Prices of non-durable consumer goods in general rose 8.7% and price increases were also recorded for durable consumer goods (+3.7%, including vehicles: +7.2%; furniture and lighting equipment: +5%). On a monthly basis, the inflation was 0.5%

 

 

YESTERDAY ACTIVITY

For the day Germany’s DAX closed at 16,067.83 up with 0.17% percent or +27.36  point.the FTSE 100 closed at 7,340.15 up with +0.91% percent or +66.11 point. France’s CAC 40 closed at 7,045.16 up with +0.027%  percent or +1.89   point.

 

 

WORLD MARKETS

For the day the Dow is trading at 36,079.94 with a loss of –0.66%percent or –240.04  point. The S&P 500 is trading at 4,646.71  with a loss of –0.82% percent or –0.82%  point. The Nasdaq Composite is trading at 15,622.70 with a loss of –1.66% percent or –263.84   point.

In other parts of world, Japan’s Nikkei 225 is trading at 29,281.10 up with +0.60% percent or  +177.46 point. Hong Kong’s Hang Seng is trading at 25,046.57 up with +0.21% ercent or +51.26 point. China’s Shanghai Composite is trading at 3,526.48 up with +0.97% percent or +35.53   point. India’s BSE Sensex is trading at 59,857.49 with a  –0.79% percent or –489.36  point at 12:15 PM.