DAX Futures Update : 30 Nov 2021
The DAX Futures is trading at 15,153.50 with a loss of -1.16% or -178.00 point.The FTSE 100 Futures is trading at 7,056.00 with a loss of -0.83% percent or -59.00 point. The CAC 40 Futures is trading at 6,788.50 up with +1.32% percent or +88.50 point. The EURO Stoxx 50 Futures trading at 4,063.00 with a loss of -1.46% percent or -60.00 point.
TODAY’S FACTORS AND EVENTS
Germany’s consumer price inflation rate is expected to climb to 5.2 percent year-on-year in November 2021, the highest rate since June 1992 and above market expectations of 5 percent, a preliminary estimate showed. The reading came in also well above the ECB’s target of 2 percent, adding to concerns about growing inflationary pressure in Europe’s largest economy due to ongoing supply issues and base effects, especially the temporary VAT reduction and the sharp decline in mineral oil product prices last year. Main upward pressure should come from energy products (22.1 percent vs 18.6 percent in October), food (4.5 percent vs 4.4 percent), and services (2.8 percent vs 2.4 percent). On a monthly basis, consumer prices are expected to fall 0.2 percent in November. The CPI, harmonized to compare with other European countries, was up 6.0 percent on the year and rose 0.3 percent month-on-month.
YESTERDAY ACTIVITY
For the day Germany’s DAX closed at 15,280.86 up with +0.16% percent or +23.82 point.the FTSE 100 closed at 7,109.95 up with +0.94% percent or +0.94% point. France’s CAC 40 closed at 6,776.25 up with +0.54% percent or +36.52 point.
WORLD MARKETS
For the day the Dow is trading at 35,135.94 up with +0.68%percent or +236.60 point. The S&P 500 is trading at 4,655.27 up with +1.32% percent or +60.65 point. The Nasdaq Composite is trading at 15,782.83 up with +1.88% percent or +291.18 point.
In other parts of world, Japan’s Nikkei 225 is trading at 28,088.69 with a loss of –0.69% percent or –195.23 point. Hong Kong’s Hang Seng is trading at 23,329.96 with a loss of –2.19% ercent or –522.28 point. China’s Shanghai Composite is trading at 3,565.09 up with +0.067% percent or +2.40 point. India’s BSE Sensex is trading at 57,597.69 up with +0.59% percent or +337.11 point at 12:15 PM.